Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > Is your business ready for the new family-friendly employment laws?
    Business

    Is your business ready for the new family-friendly employment laws?

    Is your business ready for the new family-friendly employment laws?

    Published by Jessica Weisman-Pitts

    Posted on June 16, 2023

    Featured image for article about Business

    Is your business ready for the new family-friendly employment laws?

    By Adrian Lewis, Director of Activ People HR, a specialist in absence management

    Three new ground-breaking laws are set to transform employee benefits and protection. On 24th May, The Carer’s Leave Act, The Neonatal Care (Leave and Pay) Act, and The Protection from Redundancy (Pregnancy and Family Leave) Act received Royal Assent and passed into law and will providing employees with unprecedented support in different caregiving and family-related situations.

    The laws are expected to come into effect next year and the government plans to lay down secondary legislation “in due course” to guide employers, however businesses should be gearing up for the potential changes which will have a significant impact on their future workforce.

    These new progressive laws are a highly positive step forward for employees and will go some way towards modernising businesses. As these are some major changes, it will be important for employers to get on the front foot and familiarise themselves with the new laws. They will also need to communicate the changes to employees and make them aware of their new rights and from a business perspective, it will be vital to establish processes to ensure compliance once the laws are in force and ensure there are systems in place to track these new kinds of leave and enable managers and HR professionals to plan their resources effectively to cover extra periods of absence.

    The details of the Acts are as follows:

    The Carer’s Leave Act

    On 24 May 2023, the Carer’s Leave Bill, brought forward last year by Wendy Chamberlain MP, gained Royal Assent and became the Carer’s Leave Act meaning it will now become law. It will allow employees who care for a spouse, civil partner, child, parent or other dependent (who needs at least 3 months of care due to an illness, injury, disability or old age) time off to attend to their caring responsibilities. Under this Bill, employees would also have protection from dismissal or detriment as a result of having taken time off. This leave would apply to employees from day one of employment. The leave could be taken flexibly in a block of five days or in individual or half-days to suit the carer’s caring responsibilities. Employees will be required to self-certify their eligibility for carer’s leave. This will help carers juggle work and care whilst supporting employers to maximise retention and wellbeing.

    The Neonatal Care (Leave and Pay) Act

    The Neonatal Care (Leave and Pay) Act also become law on 24 May 2023. This will create a new day-one right for eligible employed parents whose new-born baby is admitted to neonatal care to take up to 12 weeks of leave. This in addition to other relevant leave entitlements, such as maternity and paternity leave.

    The Protection from Redundancy (Pregnancy and Family Leave) Act


    This Act will extend the current protection afforded to employees on maternity leave during redundancy. When a company is facing a redundancy situation, employers currently need to offer those who are on maternity leave a suitable alternative vacancy where one exists, but this will also apply to those on adoption/shared parental leave when this law comes into effect. Also, the protection will apply from the point the employee informs the employer that she is pregnant, whether verbally or in writing, and will end 18 months after the birth.

    Businesses also need to note that eligible employees will have the right to raise claims to the employment tribunal if their employer failing to provide the rights outlined in these new laws. Also, if employees face disadvantages or dismissals due to taking leave granted by these acts, they retain the right to raise claims for resolution. What’s key is that businesses use this time to start planning- it is the ideal time to start communicating the positive benefits for employees and in doing so demonstrate their commitment to employee wellbeing. Equally, they should be thinking about how to track employee leave and resource their business in the future, to ensure they can operate seamlessly.

    Related Posts
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Finance teams still stuck in spreadsheets as manual processes stall digital transformation
    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Business PostThe essential guidelines for succeeding in times of crisis
    Next Business PostBrand Metrics partners with XITE to develop world-first CTV measurement solution

    More from Business

    Explore more articles in the Business category

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    The Hybrid Office Playbook for Financial Services: How to Design Hybrid Offices to Optimize People and Spaces

    The Hybrid Office Playbook for Financial Services: How to Design Hybrid Offices to Optimize People and Spaces

    View All Business Posts