PayPal ups its parental leave time

23 Dec 2015 | Author: | No comments yet »

PayPal ups its parental leave time.

SAN FRANCISCO – PayPal announced Thursday it is expanding its parental leave program, making it the latest among Silicon Valley firms to do so as they engage in an ongoing struggle to find and retain talent. In addition, mothers and fathers are eligible to take an additional eight weeks of paid “bonding leave,” which can be taken all at once or in increments. The new policy, for all U.S. employees, also applies to adoptions, Marcia Morales-Jaffe, the company’s “Chief People Officer,” said in a blog post Thursday. “Delivering the level of care and service we aspire to offer our customers will only be possible if we are a company that champions our employees, too. About one-third work in California, the rest are primarily in customer service and operation centers in Nebraska, Arizona, Maryland, Utah, Texas and sales offices in New York, Illinois and Massachusetts.

Under federal disability law, women are eligible for up to six weeks of unpaid leave after the birth of a child for a normal delivery and eight weeks for a Cesarean delivery. While the new benefits are generous compared with most U.S. companies, “it’s a little bit low in relation to the rest of Silicon Valley, at least the major players,” said Bruce Elliott, manager of compensation and benefits at the Society for Human Resource Management in Alexandria, Va.

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