Long reads

Benefits for parents working in fintech – what’s on offer?

Amanda Kavanagh

Amanda Kavanagh

Contributor, Jobbio

Parents all over the world are familiar with the concept of working like you have no kids, and parenting like you have no job. But things are changing. Modern companies, like those in fintech, are prioritising benefits for parents and carers, and employees are becoming more informed on what to ask for.

From a day-to-day point of view, having a flexible work schedule is one of the most helpful things an organisation can offer. Remote and hybrid working options with asynchronous work practices are top of many parents’ workplace wish-lists. Flexibility in schedules often includes time off work or the option to WFH when a child is unwell or childcare is unavailable. This has become especially pertinent for parents of small children who cocooned during Covid and now see their little one pick up a different bug or virus seemingly every week.

An on-site day care centre or creche is the gold standard, and a huge perk offered at the HQs of large multinationals, but beyond these, some employers partner with nearby childcare providers for discounted rates or even provide backup care services for children and elders when employee plans fall through. Childcare support is especially helpful for parents who finish paid caregiving leave but cannot get a regular childcare placement until their child is one year old, which often is at least six months away. As childcare costs hugely affect a household budget – and often whether a parent returns to the workplace at all – this is one of the hot topic issues in retaining experienced talent right now.

For those on their journey to starting a family, leading companies are offering a range of pregnancy, adoption, fertility and new parent benefits. From 26 to 52 weeks fully-paid parental leave for the primary caregiver after birth or adoption to paid leave for secondary caregivers, the net is being widened beyond maternity benefits. And though fertility may not be explicitly mentioned in a company’s benefits, look closer at its healthcare plan to see if treatments like egg freezing and IVF are included.

Many people in their 30s and 40s fall under the category of the “sandwich generation”. This means they are caring for their own children and their ageing parents at the same time. If this sounds like you, look for benefits that lighten the load such as discounts at elder care facilities and service providers, plus legal aids.

If securing parental benefits is on your mind, here are three family-friendly companies and roles worth considering. And for even more opportunities, check out the FinExtra job board.

1. Monzo

The location: This role can be based in Monzo’s London office or remotely within the UK.

The company: Since being founded in 2015, app-based online bank Monzo has grown to over four million customers in the UK. Monzo makes it easy to transfer money between friends by using phone numbers or Bluetooth, and is free to sign up to, transfer payments and make cash withdrawals from in the UK.

The role: Monzo are currently hiring for a number of roles, including a Senior Data Scientist to help optimise payments for users. As part of this role, the successful applicant will own Monzo’s payments data and make this easily available to stakeholders on all levels. They will solve problems that have the biggest business impact, generate data insights, refine the user journey and proactively spot opportunities within the business.

The benefits: Monzo has a strong reputation for benefits, including 52 paid weeks of primary caregiver leave. They also offer flexible working, saying they “trust you to work enough hours to do your job well, at times that suit you and your team”. Part-time working is also facilitated: “we’ll make this happen whenever we can – whether this is to help you meet other commitments or strike a great work-life balance.”

Tempted? Check out the full details of this Senior Data Scientist, Payments role and discover more openings at Monzo on the FinExtra jobs board.

2. PayPal

The location: Washington, US

The company: PayPal needs little introduction as the world’s biggest online payment system, which has over 25,000 employees worldwide. The American-founded multinational facilitates online money transfers, as an alternative to cheques and money orders in any global currency.

The role: The executive-level role of Senior Director, Tax - Controversy & Policy reports to the VP of Tax at PayPal. The successful candidate will be responsible for PayPal’s US federal and state income tax, and will lead a team that connects with all areas of the company to collect and analyse data for audits. The executive will also proactively mitigate future risks with strategic vision.

The benefits: PayPal offer paid maternity and paternity leave for employees with one or more years of continuous employment. New parents may also access a parental coach through Cleo for the first year of parenting, while the PayPal Rethink programme offers information and support for those navigating parenting a child with developmental disabilities. 

Sound like a fit for you? Check out the full details of this Senior Director, Tax - Controversy & Policy position and discover more openings at PayPal on the FinExtra jobs board.

3. Crowdcube

The location: Paris, France

The company: A leading equity crowdfunding platform, Crowdcube is dedicated to helping entrepreneurs raise finance to start or grow their business. By connecting start-ups with investors, Crowdcube gives investors real equity in the businesses they fund and gives entrepreneurs a greater shot at success. 

The role: This successful candidate for this Senior Equity Fundraising Manager - Business Development position will play a fundamental role in driving international growth for Crowdcube, with a particular focus on France. They will speak to leading founders and entrepreneurs educating them on the fundraising process with Crowdcube. On a day-to-day basis, they will be generating leads, building and maintaining relationships and collaborating with colleagues across the business to improve processes.

The benefits: In 2021, Crowdcube published a guide for companies looking to introduce or revise parental leave policies suited to a modern workforce. Crowdcube offer private medical and life insurance and say their flexible working policy has been particularly welcomed by employees with caring responsibilities.

Interested? Check out the full details of this Senior Equity Fundraising Manager - Business Development position and discover more openings at Crowdcube on the FinExtra jobs board.

Keen to work in a fintech company with plenty of parental benefits? Visit the Finextra jobs board today, and bookmark the link for regular check-ins.


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