AXA, a China-based insurance company, has bolstered its employee benefits, effective 1 January, 2024. The decision comes as a part of its commitment to creating a positive and welcoming atmosphere for its employees.
The recent notable enhancements include a substantial increase in paid co-parent leave from 20 to 40 days. Furthermore, the company has offered an additional five days each for caregiver leave, fertility leave and pregnancy loss leave.
The company has launched a global programme called, ‘We Care’ to support its employees through significant life moments. The initiative first launched in October 2023 across 51 markets, was a part of the company’s commitment to prioritising overall employee well-being and cultivating a healthier, more inclusive and supportive global workplace culture.
Now, the company has added several other benefits to this existing programme. Some of the enhanced employee benefits effective 1 January, 2024, cover parental leave, caregiver leave, domestic and sexual violence leave. Moreover, the programme also includes an expanded ‘Healthy You’ initiative to extend support to employees with menstrual health conditions, menopause, or andropause, offering resources to address diverse health concerns.
This progressive approach also aims to better cater to the diverse needs of employees, enabling them to allocate more time for family responsibilities at crucial life stages. This will also foster harmonious work-life balance.
The company has been proactive in embracing flexible working arrangements, even predating the pandemic. This includes a policy allowing employees to work from home once a week. Additionally, the company had increased the number of work-from-home days to two per week and has continued to maintain this arrangement.
The expanded employee benefits will not only contribute to employees’ overall well-being but also promote a friendly working environment conducive to work-life balance. This kind of support will also serve to attract and retain its top talent.
