Sumitomo Mitsui Banking Corp, a major financial institution in Japan, has announced that it will make one month of paternity leave mandatory for its employees. This policy is aimed at encouraging participation in childcare and improving the working environment.
In addition to the mandatory leave, the bank will provide a bonus of 50,000 yen (approximately $335) to employees who take paternity leave. This bonus will also be extended to the employee"s colleagues, provided that the business continues to operate stably during the employee"s absence.
This initiative reflects a growing trend among companies in Japan to support work-life balance and promote family involvement. As previously reported, similar situations have emerged in various sectors as organizations seek to address the challenges of a declining birthrate and changing societal expectations.
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