Any way you look at the issue, longer maternity leave makes prudent sense for a healthy society and workforce.
Any way you look at the issue, longer maternity leave makes prudent sense for a healthy society and workforce.
Any way you look at the issue, longer maternity leave makes prudent sense for a healthy society and workforce.
Any way you look at the issue, longer maternity leave makes prudent sense for a healthy society and workforce.

Maternity leave change is a step ahead


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Any way you look at the issue, longer maternity leave makes sense for a healthy society and workforce. New mothers need time to be with their children to foster bonds that ultimately make societies stronger. Countries around the world recognise this and have incorporated maternity leave into their social fabric. As we have. And now, Abu Dhabi has given new mothers employed in the public sector three months of fully-paid leave, an increase of 30 days over the previous allocation.

The law also provides new mothers the ability to leave two hours early from work to nurse their children for the first year, and new fathers will receive three days off after the child is born. The social benefits of longer leave are clear, but the fact that other parts of employment laws governing part-time and temporary employment have also been changed may not have been apparent to some readers.

When new mothers use their maternity leave, employers will need to find temporary workers. As part of the new law, Emiratis will be able to be hired for part-time positions. The availability of part-time workers is necessary to ensure that offices are able to operate at full capacity and not be affected by any sudden but temporary changes in staff levels. But maybe legislation could extend beyond part-time Emirati employees to include people from all backgrounds? This would expand the pool of people available for maternity cover, making short-term gaps easier to fill.

Indeed, such actual and possible changes prompt consideration of further expanding part-time and temporary employment opportunities. With prudent planning, this would increase the speed at which employees can be hired (and retrenched if the economic environment changes). At the moment, the length of the hiring process is having an adverse effect on the ability of some businesses to maintain adequate staff levels. In short, we need to make our employment laws more nimble in responding to change, whether they arise from maternity cover or economic exigencies.

Longer maternity leave is both an economic and social good with incalculable benefit. The way to look at it is that it forms part of the on-going process of making our human resource environment more adaptive to changing trends and needs.

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5