Benefits and Compensation, HR Management & Compliance, Talent

Tech Companies Ahead of the Curve on Paid Leave

By Susan Schoenfeld, JD

In technology, innovation is the key to economic survival. So it is not surprising that, recently, two tech industry giants announced innovation in paid leave benefits for their employees as a means of attracting and retaining top talent.

This August, Microsoft announced a plan to provide its employees with:
• 8 weeks of fully paid maternity disability leave for new mothers,
• 12 weeks of paid parental leave for all parents of new children, and
• A total of 20 weeks of paid leave for birth mothers.

Also in August, Netflix, a video streaming company that promotes a company culture of “freedom and responsibility,” introduced an unlimited leave policy for new parents that allows new mothers and fathers to take off as much time as they want during the first year after a child’s birth or adoption.

Read more here.