Atom Bank Boosts Maternity & Paternity Leave, Setting New UK Standard
Atom bank has bolstered its maternity and paternity leave policies, demonstrating a commitment to employee wellbeing and flexibility. The changes, which exceed statutory entitlements and UK averages, aim to support both parents and encourage shared caregiving responsibilities.
Mothers at Atom can now enjoy six months of full pay, followed by another six months at half pay, during their maternity leave. This is more generous than the current UK statutory entitlement of nine months at 90% pay or less, and the average enhanced package offered by UK companies.
Fathers also benefit from the enhancements, with paternity leave increased to six weeks of full pay. This is significantly longer than the UK's statutory two weeks at 90% pay or less, and makes Atom's policy exceptionally progressive.
These improvements align with Atom's move to a new headquarters in Newcastle and its long-standing commitment to workplace flexibility. The bank has been a pioneer in offering a hybrid working model and a four-day working week.
Mark Mullen, CEO of Atom, expressed that these enhancements empower employees to balance work with family responsibilities. By offering such progressive leave policies, Atom continues to set a high standard for employee support and flexibility in the UK banking sector.
