Oslo/Yangon, 29 September, 2015 – In line with a corporate vision of encouraging diversity and developing more female leadership in business and society, Telenor Group has adopted a six-month paid maternity leave policy as a minimum standard globally across its 13 markets. The new policy will particularly benefit Telenor’s Asian markets. The current practices in Europe, on par or above the newly proposed initiative, will be continued.
The decision represents a major step forward in creating an equitable work-life balance for employees within the telecommunications industry. In Telenor’s Asia operations, with the exception of Bangladesh, female employees are currently entitled to less than six months of funded maternity leave per local regulations and personnel practices. As a result, women may decide to leave the workforce to have children, and as internal Telenor surveys reveal, some may not return, resulting in lost leadership opportunities and cost from staff turnover.
The new policy will take effect from January 1, 2016.
Approximately 36% of Telenor’s global workforce of 33,000 people is women. In Myanmar, women represent close to 40% of all employees, across all functions and job levels. This announcement further adds to new workplace policies recently implemented by Telenor in Myanmar to attract and develop local talent, such as flexible working hours.
“This is about strengthening Telenor’s competitiveness in the markets where we operate. In order to do that, we rely on attracting the best talent from diverse backgrounds. We know that a diverse workforce drives innovation and better performance. With the goal of ensuring that our organization better reflects the world we live in, and in order to attract, retain, and develop female leadership talent, we are instituting a minimum six-month paid maternity leave as standard for our employees everywhere we operate. This will represent a significant difference in markets such as Thailand and India, where local regulations require only three months of maternity leave. We consider it a highly strategic move, both from a societal and a business perspective,” said President and CEO of Telenor Group, Sigve Brekke.
In diversity is strength
Petter Furberg, CEO of Telenor Myanmar said, “We are extremely proud to institute the new global six-month standard maternity leave here in Myanmar. It is our goal to attract and retain the best of Myanmar talent, men or women, and we are confident that the revised maternity leave policy will make Telenor not only a very attractive place to work for men and women, but also a place in which women can build careers and continue to fill the ranks of our leadership.”
The recent McKinsey and Co. research paper Diversity Matters (2014) suggests that diversity in the workplace provides multiple business advantages in talent recruitment, greater customer orientation, and increased employee satisfaction, better decision making, enhanced innovation, and improved financial performance.
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