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Maternity Policies in Consulting

 
#1 Maternity Policies in Consulting
21/03/2007 15:42

Bump

I am currently working for a boutique strategy consulting firm in London. We do not have a maternity policy yet, so I have been asked to work one out (yes, for myself). What do other consulting companies offer? Anything I can use as a benchmark?

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#2 RE: Maternity Policies in Consulting
21/03/2007 16:13

anon to Bump (#1)

Putting aside all the little legal caveats that are based on UK law and will be same for all UK firms, our maternity policy basically states:

* "Reasonable" paid time off for antenatal activities and appointments, plus

* 8 weeks "ordinary" maternity leave at full pay

* 18 more weeks "ordinary" maternity leave at the SMP (Statutory Maternity Pay) standard set by the government

* 26 more weeks of "additional" maternity leave which is unpaid

* Benefits continue as normal throughout

This policy is for a medium-size international consultancy (ca. 2,000 UK staff)

Note that some staff have more generous policies because they were part of firms that were bought. Some senior consultants and principals have negotiated more favourable conditions (26 weeks full pay and retaining bonus eligibility).

I recommend that you cost out the policy decisions both for your present firm size and taking into account potential changes a few years down the line. When drawing up the policy, invest in getting it done by an employment law professional to make sure it is watertight (for both the firm's and the employees' benefit).

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#3 RE: Maternity Policies in Consulting
22/03/2007 07:21

dl to anon (#2)

So, basically your company's policy is 8 weeks at full pay, plus continuing benefits throughout (does that include any pension contributions, BTW?), since the other elements are statutory!

Consistent with what we do at my firm (a small-size international firm, ~50 staff in the UK)

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#4 RE: Maternity Policies in Consulting
22/03/2007 09:06

The Top Consultant to dl (#3)

I wish my firm would let me draft the company's remuneration policy

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#5 RE: Maternity Policies in Consulting
22/03/2007 09:35

Bump to The Top Consultant (#4)

'Draft' is the right word, which is why I am looking for hard facts showing what our competitors do. Otherwise it will be statutory minimum. Does anybody know what the 'big guys' offer, ie McKinsey, BCG, Accenture, PA?

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#6 RE: Maternity Policies in Consulting
22/03/2007 10:20

anon to dl (#3)

Yes, the continuing benefits include continuing employer pension contributions (10-20% of salary)

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#7 RE: Maternity Policies in Consulting
22/03/2007 11:07

Anon to anon (#2)

Big four firm.

Weeks 1-6 Statutory Maternity Pay (SMP) at 90% of relevant earnings

Weeks 7-22 Discretionary occupational maternity pay at 50% of notional salary before the commencement of maternity leave plus standard rate SMP at £112.75 per week (or 90% of notional salary, if lower)

Weeks 23-39 Standard rate SMP at £112.75 per week (or 90% of relevant earnings, if lower)

Weeks 40-52 No maternity pay

Most benefits continue to apply during maternity leave.

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#8 RE: Maternity Policies in Consulting
22/03/2007 15:28

Bump to Anon (#7)

Thanks everyone, this is all very helpful. Anyone else out there with info?

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#9 RE: Maternity Policies in Consulting
22/03/2007 16:10

Bump to Anon (#7)

Thanks everyone, this is all very helpful. Anyone else out there with info?

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#10 RE: Maternity Policies in Consulting
06/06/2007 16:52

Robot to Bump (#1)

I have heard acn maternity policy is really good -full pay for over 6 mths

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#11 RE: Maternity Policies in Consulting
06/06/2007 17:09

cynic to Robot (#10)

is that cuz all the HR bimbos wanna have kids soon

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#12 RE: Maternity Policies in Consulting
21/06/2007 13:12

anon to Robot (#10)

its now 9mths on full pay with payback if you decide not to return afterwards. I did and did not return

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