츤 ｀탭 TacklingCh∥dcare:TheBusirlesSCasefor → 쨍 EmPIOyer-$uppolted Chi-dcare in Sri LㅌInka Case Study Fainlvay Holding$ 【Pvt) Ltd 幽』 ABOUT IFC IFC a sister organization ofthe World Bank and member ofthe World Bank Group--Jis the largest global development institution focused on the private sector in emerging markets. We workwith 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, Vsil ABOUT IFCS WOMEN IN WORK PROGRAM IN SRI LANKA The I FC-led Women in Work (Wil Program, a four year program va lued at US$11.Smn and funded by the Australian Government, launched in April 207 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 Itisector 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 workforce 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` a Iso contributes to the Vision ofthe Government ofSri Lanka where al I citizens can achieve higher incomes and better standards of living by2025? Access to quality childcare services is a key constraint on women's labor force participation. Fol lowing 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, I nfbrmation Technology (IT) parks and other consortium models. This case study is one of`10 featured in the report'TacJing Childcare: The Business Case for Employer-supported Childcare in Sri Loinka", available at Nldcare. COPYRIGHT AND DISCLAIMER NOTICE 0 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. 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All names, logos and trademarks are the property of I FC and you may not use any ofsuch materials for any purpose without the express written consent of IFC.Additional y, "International Finance Corporation" and "IFC" are registered trademarks of IFC and are protected under international law. December2018 Fairway Holdings (Pvt) Limited 0. FAIRWAY Investing in Parents through Childcare Benefits Founded in 2004, Fairway Holdings (Pvt) Ltd is a market leader in luxury residential and commercial high-rise developments. They extended their business acumen to diverse ventures in Leisure, Aviation, Trading, Employee Profile: Pharmaceuticals, Financial Services, Bio Technology and * 24 percent of 750 employees are women Renewable Energy. Their leisure portfolio includes the * 32 percent of the Senior Leadership Team Fairway Colombo, a 180-room hotel in Colombo Fort, and (reporting to the CEO) are women the recently launched Fairway Sunset in Galle, a hotel * 22 percent of the new recruits are women with 65 luxury rooms and 19 luxurious serviced apartments. * 30 percent of applications received to fill With more than 7 office locations and an average of 9 vacancies are women construction sites, the company employs over 750 * 36 percent of newly promoted employees are employees of whom 24 percent are women. Fairway women Holdings follows a business model which focuses on * 14 percent of female and 11 percent of male wealth creation for all its stakeholders and sharing wealth employees have children younger than age with its employees and the community. Fairway Holdings five is a member of the IFC- led SheWorks Sri Lanka Partnership. Fairway Holdings supports working parents I "Fairway Creche's success is to be attributed to the through: 'Cr&che Mama', Kshanika Dharmasena, who has * Fairway Cr6che which can accommodate 8 been the crbche manager since inception. Her children commitment has made a huge contribution * Free of cost childcare benefits towards the success of the Creche. "You need to be * Extended maternity leave on a case by case passionate about children to play the role as a basis cr&che supervisor effectively." * Medical support * Overtime time exemption and flexible working Chinthaka Premaratne, Group HP Director, hours Fairway Holdings Key business impacts of providing childcare The decision to establish a cr6che was part of the support: leadership team's commitment to the company's diversity * Significant improvements in retention of new and inclusion efforts. The Chairman, Hemaka de Alwis, mothers and his wife, Sundari de Alwis, were personally involved * Building a gender diverse organization in the crbche project from inception to execution. * Strengthening the company's reputation as a A committee was formed involving the human resources family-f riendly employer department, a cross functional business team, and parents to make sure that the best facilities were provided and that every child's need was handled with the appropriate care. The Group HR Director, Chinthaka Premaratne, also reached out for guidance from other companies who had "The daily log book plays an important role as it piloted similar childcare initiatives such as Standard helps me track my daughter's routine. The log Chartered Bank and WS02 (both featured in this report), book also encourages her as well as everyone at as wel as the Child Protection Authority to ensure the home. When she took her first steps, the 'Criche facilities and resources adhered to the country's required Mama'video- recorded it for us and made a note. safety standards and regulations. The Fairway cr6che is Though I was not present at this very special managed internally and not outsourced to a third party. moment, at least I could view the first steps later. It is mandatory for all staff to have undergone a professional I cannot imagine sending my daughter to a training if they are to work at the cr6che. creche where there is no such dedicated 'Creche Mama'." Mother of an infant, user of the Fairway Holdings Creche 02 The Fairway Cr6che was officially launched on January 18, 2018,3 at the Head Office which has 750 employees, 24 percent of whom are women. The cr6che is open to children of al employees. It can accommodate up to 8 children within the age group of 4 months to 5 year-old and currently has a waiting list. The company has invested approximately 4.5 million rupees and incurs a monthly operational cost of 150,000 rupees. The employees of Fairway receive the childcare benefit free of charge. The cr6che facility is staffed with qualified teachers and is equipped with child-friendly furniture, a lactation room and play area. It follows a high allergen-proof health and safety standard in all materials used. A parents' committee convenes monthly to address any challenges. The parents also provide meals, snacks and change of clothes. They log In addition to chi dcare support, the company offers in and out every time they drop and pick-up the child from various additional services on a case by case basis for the cr6che. A log book is maintained daily which tracks the nursing, expecting mothers and maternity returns by child's progress on health, sleeping schedule, meals, diaper providing flexible working hours, extended maternity change, speech and social traits etc. leave, medical benefits, etc. Fairway has experienced a growth in the maternity return rate compared to previous "Compared to my eldest son who grew up with years, which now stands at 100 percent. Igrandparents, my daughter seems to have better granparnts my augtersees tohav beter Fairway Holdings believes that an on-site company social skills, and it has only been a few months s, crLche tends to have the greatest perceived value to employees and improves work-life balance as part of their broader corporate objectives of increasing gender diversity. Father of a two-year-old, user of the Fairway Investing in parents through childcare benefits also leads Holdings Creche to bui ding a reputation as a family-friendly employer and thus attracts the best quality of talent in the market. I "Being a part of the organizing committee and knowing my child is going to grow up in the "I was thrilled to hear about the Fairway Cr&che cr6che, it was a personal task to work on the while I was on maternity leave, as I was actually interior design of the creche. The best part was considering resigning. Fairway Holdings supported that I was not constrained by a budget, as the me by extending my maternity leave and I company asked me to purchase the best products returned to work on the same day my daughter for the children." joined the Creche." Mother of an infant, user of the Fairway Holdings Mother of an infant, user of the Fairway Holdings Creche Crbche 1 FC. 2017. Government of Australia Partner to Support More and Better Jobs for 3 See Fairway Group CEOs (I ma Fonseka's) Linked In Announcement on Women in Sri Lanka. January18, 2018. 2 Office of the Prime Minister. 2017. Vision 2025. A Country Enriched. See page 26. 03 � ' � ' ' � ' � ' � ' � ' � ' � ' ' � ' � � '�. '� � � ' � �' I ��� �� � . I�� . �,,��, _. _ .��� ..... . . .. �� � ' � ' ' . �. ', ', �_ ., ' ' � ' '� � � ' � The DFAT 1FC Women in Work program 5ri Lanka, in paпnershipwith leading private �''�С I ��„ко��а '°'�"" sectorcompanies,aimstodemon5tratethatcorporateperformancecanimprovefrom c.earrn%ма>меи, с.е�пп8 oppo.runu,es closing gaps between women and men in the private sector.