Netflix Announces 'Unlimited' Maternity And Paternity Leave

Netflix Announces 'Unlimited' Maternity And Paternity Leave

Netflix, the Los Gatos, Calif., Web-video subscription company unveiled one of the most generous parental leave policies among big U.S. employers. Effective immediately, new mothers and fathers will be able to take an unlimited amount of time off, at full pay, in the first year after the birth or adoption of a child.
 
During that year, parents could return full-time, come back gradually, or take as much time as they need.
“Netflix’s continued success hinges on us competing for and keeping the most talented individuals in their field,” Cranz said in the statement. “Experience shows people perform better at work when they’re not worrying about home. This new policy, combined with our unlimited time off, allows employees to be supported during the changes in their lives and return to work more focused and dedicated.”
 
Less than 24 hours after Netflix announced its enhanced paid leave policy Microsoft announced that it, too would offer parental and maternity leaves. Effective Nov. 1, 2015, Microsoft will offer, "12 weeks [of Parental Leave], paid at 100 percent, for all mothers and fathers of new children," Kathleen Hogan, Executive Vice President of Human Resources at Microsoft wrote in a blog post announcing the policy shift. "For birth mothers, this is in addition to the eight weeks of maternity disability leave they currently receive, paid at 100 percent, enabling them to now take a total of 20 weeks of fully paid leave if they choose."
 
Companies including Johnson & Johnson, Accenture and Blackstone Group recently stretched their paid leaves to four to five months, keeping pace with the likes of Facebook and Google.
                                                                                                                                                           ..... Devashree Goenka