Parental leave

Extension of parental leave and leave for service anniversaries: Credit Suisse in Switzerland is offering new benefits to support parents and promote health and rest.

Helping parents with childcare and encouraging staff to regularly take time off to rest are a priority for Credit Suisse. Family configurations are becoming increasingly diverse and should be supported with gender-neutral regulations whenever legally possible. The age structure of Switzerland's population is changing – the average age of the work force is rising, and personal needs are changing. Enabling regular times of rest is important to keeping employees engaged and healthy over the long term. In light of this, the extensive offering already in place will be expanded as of 2022 through a series of changes.

In order to facilitate modern childcare for families after the arrival of a child, Credit Suisse is expanding and increasing the flexibility of parental leave for caregivers. The maternity or adoption leave for the primary caregiver will be 26 weeks, and will no longer dependent on the years of service. The paternity or adoption leave for the secondary caregiver will be six weeks, instead of the current 12 working days. If both parents work at Credit Suisse, they can split ten weeks of parental leave as they choose after the 16th week of maternity leave; for adoptions, this applies to the full leave. In consultation with superiors, both types of leave can also be taken in the form of part-time work within one year of the child's birth or adoption.

In recognition of the service and many years of commitment of longstanding employees, Credit Suisse will now grant additional days off on full pay: After five years of service, five days can be taken; ten days can be taken after ten years of service; after that, 15 days every five years. This offering enables all employees to take regular breaks in combination with vacation or unpaid leave. Members of Senior Management with at least ten years of service will still also be entitled to a sabbatical of two or three months on a reduced salary, provided they have reached the minimum age of 50.

 

Claude Täschler, Head of Human Resources for Credit Suisse Switzerland, says: "In the future, we will also continue to address social developments early on and approach them with a long-term perspective. We view our conditions of employment as a conscious and strategic investment that pays off not only for our employees, but also for the bank and our clients. Promoting diversity and including people with different views and needs are fundamental to our success."
Credit Suisse
Credit Suisse is one of the world's leading financial services providers. Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 49,240 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.   Disclaimer
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.