The recent headlines about expanded parental leave provided by tech giants such as Netflix has sparked discussions about competition for highly-skilled workers. But observers of workforce policies say there is a general trend toward offering more paid time away from work after the birth of a child, as employers realize they have more to gain than lose.

In recent months, Netflix, Microsoft, and Adobe have expanded their parental leave policies.  Twitter offers new moms 20 weeks off, with pay. Google, Facebook, and Reddit also have generous paid-time-off policies for new parents.

And tech companies aren't the only large employers to embrace this trend; financial firms such as Goldman Sachs have extended paid leave policies, and manufacturer Johnson & Johnson's recently-expanded parental leave policy includes up to 17 weeks paid leave for moms and nine weeks for dads. In addition, a number of state and local governments have started offering some type of paid parental leave for employees.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.