Tas Gas launches new parental leave policy
Launceston, 15th September 2022. Tasmania’s leading natural gas company, Tas Gas, today announced a new parental leave policy which includes a series of initiatives designed to make work and life easier for new parents in the company, to support greater gender equality for its employees. and thus increase its ability to attract and retain employees in an increasingly competitive job market.
By allowing parents full access to parental leave, whether primary or secondary carer, extending paid leave to 16 weeks and providing a retirement pension on unpaid parental leave, the new Tas Gas parental leave positions the company as a leading employer in Tasmania and within small businesses nationally.
For many small businesses, offering parental leave can be financially and operationally challenging. According to the Workplace Gender Equality Agency (WGEA), large organizations are the most likely to offer paid parental leave, with almost 90% of companies with 5,000 or more employees paying for parental leave, compared to 54% of organizations with 250 employees. and less,
Phaedra Deckart, CEO of Tas Gas, said: “We know how important it is to be a new parent and, although we are a small company, our aim with our new parental leave policy is to support and allow our employees to develop their careers while enjoying this special time in their lives. Investing in our people in this way is worth it.
“Tas Gas has deliberately ensured that its parental leave policy is gender-neutral, ensuring that all new parents, no matter what role they play at home or at work, have flexibility during the their child’s early childhood,” she said.
While more than 81% of employers pay a pension during paid parental leave, the majority of companies do not extend it to unpaid leave, which is a major contributor to women‘s pension account balances. are more than 20% lower than those of retired men. age, according to figures published by the WGEA.
“We are acknowledging the gender gap that exists in superannuation balances and ensuring superannuation is paid for the first 12 months of parental leave, whether paid leave unpaid or unpaid, we hope to play a role in improving women’s economic security,” Ms. Deckart said. .
The new Tas Gas parental leave policy includes the following benefits: