, ,& :＼가 「 02 蛛쯔，땄r繇蝕nities ABOUT IFC IFC a sister organization ofthe World Bank and member ofthe World Bank Group---Js the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas ofthe world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power ofthe private sector to end extreme poverty and boost shared prosperity. For more information, visit ABOUT IFCS WOMEN IN WORK PROGRAM IN SRI LANKA The I FC-led Women in Work (WW) Program, a four year program valued at US$11.Smn and funded bythe Australian Government, launched in April 2017 It is I FCs largest, standalone country based gender program, working with private sector companies to close gender gaps while improving business performance. The program, which benefits from mu Itsector program design and works closely with the World Bank on research, tackles women's access to jobs and assets at the same time. It aims to increase women's work-force participation in Sri Lanka's private sector, create more and betterjobs for women, and has the potential to increase company profits and drive overall economic growth. WW also contributes to the vision ofthe Government of Sri Lanka where all citizens can achieve higher incomes and better standards of living by202S Access to quality chilocare services is a key constraint on women's labor force participation. Following I FCs global Tackling Childcare initiative, this report highlights Sri Lanka-specific data, experiences and resources on employer-supported childcare and may not only be relevant to individual businesses but can also serve as a resource for special economic zones, Information Technology (IT) parks and other consortium models. This case study is one of10 featured in the report "Tackling Childcare: The Business Case for Employer-supported Childcare in Sri Lanka", available at COPYRIGHT AND DISCLAIMER NOTICE V International Finance Corporation 2018. All rights reserved. 2121 Pennsylvania Avenue, N.W. Washington, D.C. 20433 USA Internet The material in this work is copyrighted. Copying and/or transmitting portions or a I I ofthis work without permission maybe a violation ofapplicable law. I FC encourages dissernination of its work and will normally grant permission to reproduce portions ofthe work promptly, and when the reproduction is for educational and non-commercial purposes, without a fee, subject to such attributions and notices aswe may reasonably require. 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Additional ly, "I Internationa I Finance Corporation" and "I FC" are registered trademarks of I FC and are protected under internationa I law. December2018 IO Offering Childcare not only Makes Business Sense but is also Common Sense WSO2, an IT company with offices in Australia, Brazil, Sri Lanka, the UK and US, is a pioneer in middleware applications, a software that connects other software Employee Profile: components to create a seamless workflow for business * 35 percent of the 618 employees are women operations. From its inception 13 years ago with initial * 33 percent of 15 senior management are women funding from Intel Capital, the investment arm of chip * 19 percent of 115 middle management are manufacturer Intel, WS02 has evolved into a key Silicon women Valley player. Their applications for eBay are most famous * 53 percent of parents have children younger for the power to process over one billion transactions per than two-years-old day. WS02 employs over 600 engineers, consultants and professiona s worldwide. WS02's Sri Lanka workforce is WS02 supports working parents through: more than 500 people strong, 35 percent of whom are * Access to WS02's childcare facility at subsidized women. In 2013, WS02 Sri Lanka built modern office rates premises, featuring recreational areas, an in-house gym, * Extended no pay maternity leave snooze room and a space to think out of the box. * 10 days paid paternity leave * Flexible working arrangements Key business impacts of offering childcare supports: * Enhanced recruitment and retention strategies * Competitive edge in the market WS02 operates in a highly competitive labor market. Dr. Sanjiva Weerawarana, Founder and Chairman of WS02 is member of the Sri Lanka Association for WS02, was passionate and determined to set-up a Software and Services Companies (SLASSCOM), which creche facility despite facing space constraints at WS02's has 189 companies as members with an estimated main office located in downtown Colombo, Sri Lanka's workforce of 35,000 to 40,000 employees accounting for capital. To encourage parents who may face challenges over 90 percent of export revenue in IT. Attracting and with returning back to work, the WSO2 creche facility retaining talent is one of the key challenges in the IT opened in 2014 and can accommodate S children sector. To improve their attractiveness to potential between the ages of 4 months to 2 years. The facility employees and increase retention rates, the company further provides a nursing room. The childcare benefit offers a range of benefits for work-life balance with is extended by WS02 to both mothers and fathers at a childcare support, flexible working hours and subsidized rate. W502 holds a 100 percent maternity work-from-home alternatives. Their employees view return rate. This can translate into a potentially significant the flexibility to work when and where they see fit as business benefit for WS02 as replacing an employee is a key benefit. WS02 further offers flexible work practices costly. Although there are no IT industry-specific that enable its employees to manage their life balances, estimates for Sri Lanka, the costs of replacing a both at home and work. professional employee is estimated at a minimum of nine months' salary (including the costs of the recruitment process, the time it takes for the new employee to be fully productive, and the time spent by colleagues, supervisors, and managers during the recruitment and familiarization process). 02 The creche facility is managed by CeeBees Pre-School WSO2 communicates the childcare offering as part of and Childcare Center which delivers a fully-fledged early the company's commitment to retain, develop, and childhood curriculum and childcare facilities. The crLche promote the best staff, irrespective of gender or parental facility is open on working days from 8:30 a.m. to 5:30 p.m. status. WSO2, which has a waiting list of 5, is looking to To date, CeeBees operates a total of two childcare expand the cr6che facility as a part of their expansion centers and three corporate creches in Colombo. Post plan soon. 2 years of age, WSO2 employee parents can enroll their child(ren) in any one of the available Ceebees Preschool and Daycare centers. U4 1 FC. 2017. Goverment ofAustrala Partner to Support More ano Better oobs for Women in Sri Lanka. 2 Office of the Prime Minister. 2017. Vision 2025. A country Enriched. See page 26. 03 The DFAT -FC Women in Work program Sri Lanka, in partnership with leading private ý IM FCsector companies, aims to demonstrate that corporate performance can improve from Creating Markets, Creting Opportunities closing gaps between women and men in the private sector.