Kotak Mahindra Bank has announced a New Mother Benefit policy, which will help provide financial support to new mothers for a period of one year after return to work, which will benefit them and their new born.
Under the New Mother Programme, new mothers will get an allowance for a period of 12 months, starting from the day the new mother joins back after maternity leave. Newly-joined employees and those who have recently adopted a child are also eligible for the benefit.
Sukhjit Pasricha, president & group chief human resources officer, Kotak Mahindra Bank, reveals that women employees make up nearly a quarter of the Bank’s workforce, and that it has “always been sensitive to developing a better work culture for Kotak Wonder Women”.
Therefore, women have enjoyed flexible work hours, flexible work opportunities and other arrangements. In Pasricha’s words, “We endeavour to keep doing more and more on this front. Any mother who returns to work post child delivery practically leaves a piece of her heart at home. The New Mother Benefit policy is a proactive step to address this need of our women employees. We want to support them in better managing their careers as well as their children’s lives.”
Apart from this, the company already has extended maternity leave policy, part time work options for flexibility, tie ups with creche services and medical insurance policy which covers the new born from day one.