A renowned supplier of business analytics, S&P Global, has unveiled new employee perks that focus on incentives, flexibility, assistance, and health and well-being.
More than 12,500 workers in India would be impacted by the “People First 9.0” project, and the firm claimed it is dedicated to leading with compassion and empathy to help people succeed at work, at home, and in all aspects of their lives.
The new policy, which was developed based on employee feedback, includes benefits like raising parental leave to 26 weeks, annual health checks, flexible paid time off, care leave, and numerous improvements to support one's lifestyle, time, pay, family, and career, according to a statement released by the company.
As part of the S&P Global's 'People First 9.0' perks, any employee who is unable to work due to a diagnosis of cancer or another chronic sickness or severe condition will have their wage guaranteed for up to a year so they may concentrate on their treatment and rehabilitation.
In the event of work travel, the corporation offers nursing parents assistance, including milk shipment. Every office site will have a Medela pump made for hospitals, according to the business.
Menopause assistance for female workers was offered by S&P Global. The amenities include flexible scheduling, heated chambers, and unrestricted paid time off to treat menopausal symptoms.
In consideration of different time zones and people's schedules, the firm has suggested avoiding Friday meetings. In addition to the current leave policy, S&P Global has opted to continue offering five extra Annual Wellness Days off.
The additional perks include a Global Education Support programme for current and former Cornell and Emeritus workers as well as continuous education and the usage of digital tools for growth and development.
The 'People First 9.0' policy announcements include flexible and hybrid working across all offices in India and throughout the world.
“The heart of our company is our employees. They contribute to S&P Global's reputation as a cutting-edge organisation. Dimitra Manis, Chief Purpose Officer of S&P Global, said in a statement that leading with compassion “enriches the lives of our people and their communities, and in turn, enables our people to perform with a growth-mindset and customer-centric approach.”
“More than 35% of S&P Global's global workforce is served by India. We have an opportunity to comprehend the demands of our employees and create a setting where they have a chance to flourish and feel a part of something. Nilam Patel, Head of India Operations at S&P Global, said that the company is dedicated to motivating its employees to learn and creating teams that promote belonging and trust.