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Sony Music UK announces new scheme to help employees cover childcare costs
By Chris Cooke | Published on Tuesday 4 October 2022
Sony Music UK has announced a new policy that will provide parents working for the major with a “significant financial contribution” towards the cost of childcare for pre-school age children.
The major says that the new policy demonstrates its “continued commitment to providing the best support for parents and underlines its commitment to diversity and inclusion”. It follows various previous initiatives to support employees, including around equal parental leave and flexible working, and the introduction of a menopause policy and domestic abuse policy.
Providing more info about the new childcare support scheme, Sony says it is “structured to offer tapered grants, correlating to an individual employee’s salary – this entitles lower and middle earners the ability to benefit from increased funding, up to a maximum of £15,000 per year towards childcare costs”.
On the scheme, Sony Music UK’s VP People Experience, Liz Jeffery, says: “The high cost of childcare in the UK often forces parents, and particularly mothers, into part-time work or out of the workforce entirely as it becomes financially unviable. We are committed to looking at what we can do to help address issues that can be a barrier for women progressing, and we hope this policy could be the difference between someone returning to work rather than leaving a role”.
Meanwhile, Sony Music UK CEO Jason Iley adds: “We have a longstanding commitment to ensure our company reflects all corners of society. This is one of several measures that we have introduced to support parents and increase the proportion of women in roles throughout the company. Our hope is that the tapered model ensures that financial support is going to those employees who need it the most”.
