Following months of talks, Unite is delighted to confirm that it has agreed new, market-leading maternity leave terms with Barclays. We commend Barclays for agreeing to take this bold step to reinforce it’s commitment to being a Family Friendly employer. The new policy details are available on Barclays Intranet and are set out in a joint statement from Barclays and Unite, which should be accessible to all staff.
The main headlines are as follows:
- 26 weeks paid maternity leave for all staff from 5th October. This is a massive increase for the vast majority of staff from the current provision of 12 weeks at full pay.
- 2 weeks paid Paternity leave with the option for additional unpaid days, while men can also apply for Additional Paternity Leave. The current provision is for one week at full pay.
- Bonus/Incentive reward consideration to be set at 12 weeks of maternity leave – this is against the current policy of 26 weeks.
In respect of the Maternity Leave in particular, this represents a huge net gain for the vast majority of staff in the areas where Unite is recognised – for example a colleague on an annual salary of £20,000 with a £3,000 annual bonus would have expected to receive £4,615 plus £1,500 bonus under the
current policy against £10,000 plus £692 under the new policy – a huge 175% increase in current entitlement.
The new policy represents a reduction in bonus entitlement for colleagues in the Wealth business, however, it has been agreed that the current position here will be protected at 26 weeks for 2 years.
Barclays has agreed to retain all the major aspects of the current redundancy terms, including the payment mechanism and maxima. This is despite a starting position which would have represented a significant reduction of the maximum payments, potentially impacted thousands of colleagues.
Unite has persuaded Barclays that the existing market leading policy needs to be maintained in the current climate of significant change in order to continue to minimise unwanted compulsory redundancies. As such the only minor change is that colleagues will now need to remain in the employ of Barclays to receive their 3 months displacement notice pay.
These are two of a number of significant agreements that Unite has reached with Barclays in recent months. It is testimony both to the powerful influence of Unite in Barclays and the strength and integrity of the relationship that Unite has built with Barclays through the Partnership Agreement which is consistently delivering for Unite members across the UK.
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Andrew Case, company coordinating officer
, Unite the union, Unite House, 128 Theobalds Road, London, WC1X 8TN