J.P. Morgan has introduced shared parental leave to enable mothers, fathers, partners and adopters to choose how to share time off work in the first year after their child is born or placed with them for adoption. This represents an opportunity to reflect our organisational values and promote inclusiveness, by encouraging a culture that supports working parents and provides opportunities for both to progress their careers. The key purpose is to enable both parents to maintain an attachment to the workplace, whilst also taking an active caring role for their new child.
We have enhanced statutory shared parental leave allowance so that eligible employees may receive company enhanced shared parental pay for up to 26 weeks as full basic pay. This represents a significant change in the importance placed on family and the involvement of both parents in a child’s welfare for J.P. Morgan employees across the UK.