The UAE is often referred to as a safe haven for Middle Eastern and international investors, offering a wealth of business opportunities and competitive tax incentives. As such, the country has become the region’s most attractive financial hub for foreign banks like HSBC UAE’s serving both companies and individual customers.
Discover more about employee benefits and work-life balance initiatives in this Article “CAFU“
From personal banking and lending to investment and wealth management, international banks in the UAE offer a wide range of services and provide support to the local financial sector – with one caveat: they must comply with the UAE Central Bank’s regulations.
One of the top international banks in UAE is HSBC Middle East – a highly reputable financial institution that has been operating in Dubai for the last 50 years and is known for their responsive customer service, innovative digital platform, and extensive regional network.
As a Great Place to Work-Certified™ organization, HSBC has been a pioneer in corporate benefits, compensation and inclusion strategies that prioritize employees’ wellbeing and career development.
In addition to their flexible working policy and performance-based employee share plans, the UAE branch has introduced, in 2024, fertility benefits for over 3000 employees. As a result, both female and male employees, along with their spouses have access to fertility assistance, preservation support, and treatments including in vitro fertilization (IVF) and intrauterine insemination (IUI).
Within the last year, the bank has also extended maternity leaves to a fully-paid 18 weeks and paternity leaves to 4 weeks – allowing new parents to adjust at their own pace and transition back to work in less stressful and more manageable conditions. This new benefit applies to expecting and adopting parents alike, and is part of HSBC’s efforts to assist employees through their parenting journey and help them thrive in their personal and professional lives.
By creating a global Carers Charter – with flexible working, caregiver leave and sabbaticals – the financial services firm emphasizes their commitment to carers and working parents juggling several responsibilities, and puts the spotlight on their invaluable skills and empathetic nature.
Employee resource groups are also actively encouraged and regularly organized by HSBC’s teams – enabling colleagues who share the same interests and struggles, to connect, share their experience and uplift each other.
HBSC’s progressive people policies and “Nurture” network for working parents and carers in UAE, has earned them the prestigious parent-friendly label for 2022-2024 by Abu Dhabi Early Childhood Authority. Their investment in employee’s happiness and satisfaction serves as a solid foundation for a family-friendly culture, successful recruitment campaigns and higher employee retention rates.