Launched to support parent employees at the firm, the partnership with Bright Horizons offers care for children from three months to five years, and other family-friendly services including back-up childcare.
Nursery places are available on a first-come first-served basis to all employees through the company’s salary sacrifice scheme.
Tamsin Rowe, head of human resources EMEA at Morgan Stanley, said, ‘Morgan Stanley is a leading advocate for family-friendly workplaces and is strongly committed to supporting working parents through a variety of programmes. We are delighted to offer another resource to enable our employees to better balance work and family.’
Bright Horizons operates more than 300 nurseries in the UK. It provides workplace nurseries and other care services for more than 100 corporate clients.
The Bright Horizons centres in Canada Square and Columbus Courtyard in Canary Wharf and Spectrum Early Learning and Childcare in Glasgow are open from 7.30am until 6.30pm each working day.
Parents are able to visit their child at any point during the day, take them out for a walk, or spend time in the dedicated breast-feeding rooms and soft-play zones. The nursery facilities include an indoor playground with climbing frames and trees, and toddler-sized cookery stations. All meals and snacks are cooked on site and menus are checked externally by nutritionists to ensure they fulfil the Voluntary Food and Drink Guidelines set in England and Scotland.
James Tugendhat, managing director, international, at Bright Horizons, said, ‘We are delighted that Morgan Stanley has taken such decisive steps to support working parents for whom nearsite childcare can be an essential lifeline. It is impossible to overstate the impact of an understanding and supportive employer on employee wellbeing.’
A 2016 survey by Bright Horizons found that for 93 per cent of respondents a workplace nursery would be important when considering changing jobs, and for 90 per cent a workplace nursery would mean they would be more likely to continue working for their existing employer.
The nursery group surveyed over 1,250 parents from more than 30 organisations whose children attended Bright Horizons workplace nurseries.