Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Facebook makes paid time off for baby leave a global benefit
BackBack

Facebook makes paid time off for baby leave a global benefit

The policy, which provides four months of paid time off, will be provided to all new parents regardless of gender or location, starting 1 January

Facebook currently offers four months of paid parental leave to US-based full-time workers. Photo: APPremium
Facebook currently offers four months of paid parental leave to US-based full-time workers. Photo: AP

San Francisco: Less than a week after Facebook chief executive officer Mark Zuckerberg said he would take two months of paternity leave, the social media company announced it is extending its parental leave policy to full-time employees outside the United States.

The policy, which provides four months of paid time off, will be provided to all new parents regardless of gender or location, starting 1 January. Employees may take leave at any point up to a year after the birth of their child, Lori Matloff Goler, the company’s head of human resources, said in a Facebook post late Wednesday.

Facebook currently offers four months of paid parental leave to US-based full-time workers. Outside the United States, Facebook now offers a minimum of four months of paid leave to full-time employees who are new mothers and primary caregivers. Fathers and non-primary caregivers outside the United States get four weeks of paid leave.

“We want to be there for our people at all stages of life, and in particular we strive to be a leading place to work for families," she added. “An important part of this is offering paid parental or ‘baby’ leave."

Goler said the new policy will primarily help new fathers and employees in same-sex relationships outside the United States, noting that it will not change maternity leave already available to employees worldwide.

Zuckerberg last week said he would take two months off after his daughter’s birth. Zuckerberg announced in July that he and his wife, Priscilla Chan, were expecting a baby girl; they have not said when the baby is due.

His announcement was seen in Silicon Valley as a strong endorsement from a high-technology industry top executive on the importance of family time.

Technology companies in Silicon Valley have been rushing to extend parental leave allowances and other benefits to help recruit and retain employees.

Many high-tech workers, however, do not take advantage of such benefits for fear of falling behind at work or missing out on promotions. Reuters

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 29 Nov 2015, 11:37 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App