Sony Music Entertainment Inc.
10/04/2022 | News release | Distributed by Public on 10/04/2022 10:30
Sony Music Announce Childcare Support Scheme
- Sony Music Announce Childcare Support Scheme
- Oct 04, 2022
Sony Music has introduced a new policy that entitles parents to claim a significant financial contribution towards the cost of childcare for pre-school age children. The childcare scheme provides employees with funding towards the cost of childcare during working hours and 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.
Jason Iley, MBE (Chairman and CEO, Sony Music UK & Ireland) said, "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."
This policy demonstrates the company's continued commitment to providing the best support for parents and underlines our commitment to diversity and inclusion. It follows the announcement of additional measures devoted to improving diversity, talent retention and addressing issues that disproportionately affect women.