Monzo is to allow employees to take up to three months’ paid sabbatical.
Digital bank Monzo will offer three-month paid sabbaticals to employees who have worked for the company for four years or more in the latest move by a British company to rethink how staff should balance their working lives after the pandemic.
Tara Ryan, Monzo’s People Experience Director, said: “We’re always looking to introduce best-in-class policies for our employees. Our people are essential to our mission of making money work for everyone and investing in them is a priority as we continue to grow. Our aim is to not only reinvent banking for customers through a stand-out product and experience, but to shake up and vastly improve the experience for employees working within it.”
Monzo already had a one-month sabbatical policy, but wanted to enhance this in response to feedback from employees. Employees don’t need to take the three months together.
It comes after Monzo became the first bank in the UK to launch a pregnancy loss policy.