To create a more inclusive working environment, Standard Chartered announced the launch of its dedicated menopause guidance for the Bank’s employees, coinciding with World Menopause Day.
The Bank announced it is taking a number of actions to make sure support and guidance around menopause is provided to all colleagues. This approach is designed to enhance the company’s existing health and wellbeing policy for its 85,000-strong workforce in over 59 markets globally.
Supporting employees across Asia, Africa, the Middle East, Europe and the Americas, key changes include:
– A specialist guide for all employees, including dedicated advice for People Leaders, to help educate and increase awareness of the menopause.
– Flexible working options that have been launched at-scale earlier this year provide a particular focus on how the Bank can support colleagues in the management of menopause symptoms.
– Availability of menopause counselling through the Bank’s Employee Assistance Programme.
– Peer-to-peer support facilitated through the internal Employee Resource Groups.
– Additional uniforms available for front-line staff.
– Access to private, cool and well-ventilated areas.
A report published by the Bank, Menopause in the Workplace: Impact on Women in Financial Services in partnership with the Financial Services Skills Commission, reveals that women’s experiences of menopause impacts their confidence in performing their roles. Additionally, it points out that a lack of awareness and support from employers and colleagues to help manage these symptoms means that women are less keen to progress into more senior roles and may leave work altogether. The bespoke research fielded in the UK brings to the forefront the importance of talking openly, positively and respectfully about menopause to support women: a significant finding pertinent to the Bank’s entire female population.
Tanuj Kapilashrami, Group Head of Human Resources at Standard Chartered, comments: “There’s a culture of silence around the menopause in financial services, with many women taking it on themselves to absorb the impacts of their experiences. A lack of understanding and support is impacting female progression and at times leading to women opting out of the workforce altogether.
“We are proud to raise the awareness that’s needed to further create a more inclusive and supportive workplace for all employees. It’s time we shine a spotlight on the menopause; acknowledge we can talk about it openly and accept this directly impacts someone’s wellbeing and their career.”
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