True to its tradition of social protection, Solvay has unveiled a bold initiative: a minimum level of company social benefits extending to all its employees, wherever they are.
It’s no news that Solvay has always believed in providing its employees with more than just a job. Decades before the advent of the welfare state, the company was already running its own social security program.
That was in the 1880s; in 2017, Solvay is taking the next step in the same direction with Solvay Cares, a common minimum package of benefits for the 30,000 people who work for the group. The company’s CEO Jean-Pierre Clamadieu was very clear about the idea behind this initiative: “As a Global Corporate Citizen, Solvay is going beyond local market standards and ensuring the well-being of colleagues no matter where they are located.”
Leveling up corporate employee benefits
- Full income protection during parental leave, established at 14 weeks for the mother - following World Health Organization recommendations - and one week for the co-parent and for adoption
- At least 75% of medical fees covered in case of hospitalization or severe illnesses, topping up public social security
- Disability insurance in case of lasting incapacity, with two years of salary covered
- Life insurance with coverage of up to two years of salary for the family or partner