More than half of Hang Seng Bank employees will enjoy more paid holidays from next year.
The bank, a member of HSBC group, announced in an internal notice on Wednesday that it will raise the number of days of paid annual leave for more than half of its Hong Kong employees, the Hong Kong Economic Journal reports.
The new arrangement is intended to allow employees to strike a work-life balance and boost their competitiveness, Hang Seng said.
Starting Jan. 1, 2018, about 4,500 of the bank’s employees in Hong Kong will enjoy more leave days with pay. About 60 percent, or 2,500 employees, will have four more days of paid annual leave.
The bank has about 8,000 employees who will be entitled to 18 to 30 days of annual leave with pay, depending on their rank.
Some employees who joined the company before 2011 and are ranked as head will enjoy a maximum of 32 days of paid annual leave, Apple Daily reported.
The bank, founded in 1933, also offers various types of paid leave, including one day of birthday leave, 14 weeks of maternity leave, 10 days of paternity leave, 14 weeks of leave for adopting a child, two days for participating in volunteer activities and four days of examination leave.
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