1. AXA Parent Policy Diversity and inclusion
Journée D’études: Grossesse, maternité et discrimination au travail
16/11/2017

2. Key Information
The AXA Group Management Committee has signed off the Global Parent Policy which is to apply to all entities.
The implementation of this Global Parent Policy will enhance and standardize our Employee Value Proposition for new parents and should be implemented on 1 January To include:
Fully paid primary parent* leave of 16 weeks with a return to an equivalent role with the same terms and conditions.
Fully paid co-parent* leave of 4 weeks with a return to an equivalent role with the same terms and conditions. .
*Definitions of ‘primary parent’ and ‘co-parent’ can be found on slide 8.
AXA Parent Policy – Briefing

3. Table of contents Benchmarking P.06 Link to Ambition 2020 P.07
Core Principles P.08
Full Parent Policy P.09
AXA Parent Policy – Briefing

4. An Employee Value Proposition
AXA Parent Policy
An Employee Value Proposition

5. Family Policies - Global Practices for Paid Leave
Market Leading
18 weeks maternity 7 weeks paternity
52 weeks, both parents
16 weeks maternity 8 weeks paternity
17 weeks, both parents
FAMILY POLICIES
An EVP for the Millennials
Traditional
Fully Inclusive
14 weeks maternity 2 weeks paternity
12 weeks maternity 6 week paternity
14 weeks maternity 1 week paternity
10 weeks, both parents
Current Practice
AXA Parent Policy – Briefing

6. Link to AXA Culture
A close link to our Ambition 2020 work on Culture ‘the key driver to sustainable success’:
Innovation
The first Global AXA Employee Benefit.
Extending beyond the market norms.
Recognition of the role of both parents.
Trust
Agile work arrangements promoted.
AXA is a caring employer for parents.
Inclusion
All families are included – biological parents and adoptive parents.
Same sex couples and single parents are included (primary parent and co-parent instead of ‘mother’ and ‘father’).
We help working mothers by encouraging fathers to take their role in child care.
This is AXA’s first Global Policy that provides the same level of benefit to all employees across the group.
AXA Parent Policy – Briefing

7. Core Principles
All families are covered in all terms of this policy – including same sex couples, single parents and adopting parents.
A primary parent is the parent that will take the primary responsibility for welcoming a child into the family. In cases involving the pregnancy of an employee or their partner the pregnant woman is automatically the primary parent.
A co-parent is the parent that takes responsibility for welcoming the child into the family but who does not take the primary parent leave. In cases involving the pregnancy of an employee or their partner the person who is not pregnant is automatically the co-parent.
Where local laws or current benefits go beyond what is outlined in this document the greater benefits will continue to apply.
Compensation and benefits departments are to support the business case by reviewing obsolete benefits.
AXA Parent Policy – Briefing

8. Full Parent Policy Proposal
Fully paid primary parent leave of 16 weeks with a return to an equivalent role with the same terms and conditions
Fully paid co-parent leave of 4 weeks with a return to an equivalent role with the same terms and conditions
Protection of salary increases / bonus during the leave mentioned above for both primary and co-parent
Agile working options available, or a 10% reduction in working commitment for the first 6 months following the period of leave mentioned in points 1 and 2 with no reduction in pay, for both parents
A dedicated HR and management support before, during and after the period of parent leave
Guidance (written) for new parents in the workplace
Private rooms available for breastfeeding mothers
Extra days’ leave for the care of sick children
Local links to childcare solutions
AXA Parent Policy – Briefing

9. Full Parent Policy Proposal in AXA Belgium
AXA Parent Policy – Briefing

10. Full Parent Policy
Questions ?
AXA Parent Policy – Briefing

11. Full Parent Policy
Thank you!!!
AXA Parent Policy – Briefing