BNP Paribas Cardif Life Insurance, the Korean subsidiary of BNP Paribas Cardif, the insurance arm of BNP Paribas, is pleased to announce that it is improving the welfare benefits for its female staff through an early execution and application of the ‘reduced working hours for expecting mothers’ (Pregnancy Care Program).
As part of BNP Paribas Cardif Life Insurance’s corporate philosophy ‘People Care’, the insurer currently carries out various staff welfare programs and is newly adding ‘reduced working hours for expecting mothers (a reduction of 2 hours per day)’*.
The new system is taking place approximately two years in advance of what is required by the Labor Standard Act in Korea, which requires corporates with less than 300 employees to adopt the shortened hours for pregnant employees beginning March 25, 2016. Furthermore, the shortened hours for all pregnant workers at BNP Paribas Cardif Life Insurance will be applied for the entire pregnancy period instead of four months – which is the period required under the Labor Standard Act – significantly improving the welfare benefits for its valuable employees.
In addition, the insurer will provide maternity pays, gifts to celebrate their newborns and other benefits for expecting mothers to promote a favorable work environment.
Ji-hye Park, Compliance department at BNP Paribas Cardif Life Insurance said, “Not only the new system is welcomed by pregnant employees like myself, but it is greatly exciting news for female staff who care about a healthy and better work-life balance.”
Apart from the welfare benefits provided for pregnant staff, BNP Paribas Cardif Life Insurance also gives an opportunity to participate in ‘MixCity Korea’, a network open to all the people of BNP Paribas Korea, both male and female. The main objective of MixCity is to improve the diversity atmosphere at all levels of the organization. MixCity encourages female employees to step up as leaders, promotes diversity at workplaces under the slogan “Women for a changing world”. It involves workshops with CEOs and sessions with female leaders under the various topics such as culture, stress & mental health, how to balance work and personal life, etc.
Jean-Christophe Darbes, CEO of BNP Paribas Cardif Life Insurance, said: “BNP Paribas Cardif Life Insurance puts its corporate philosophy ‘People Care’ at the heart of its business activities. The philosophy applies not only to our customers and our business partners but our staff as well. We are currently adopting these measures to avert the loss of female staff from ending their careers after pregnancy and child delivery, which itself is also a social issue. BNP Paribas Cardif Life Insurance is committed to putting the interests of its employees at the heart of its priorities. We will make extra efforts in listening to our employees’ needs as well as providing welfare benefits in order to meet them.”
Gender equality is a priority component in BNP Paribas Cardif’s human resources policy.