Nestlé Expands Its Company Paid Maternity Leave To 14 Weeks
On Friday, Nestlé announced it will expand its maternity leave benefits for its workers globally. The corporation will offer 14 weeks of paid leave for employees who are the primary caretakers in their families. If their employees need more time, they can take an extra 12 weeks of unpaid leave.
Nestlé, which employs 339,000 people in 197 countries, according to The Huffington Post, will also give fathers who are not the primary caretakers one paid week of paternity leave. This new policy will go into effect in 2016.
Despite the efforts of various companies like Nestlé, the United States is still the only advanced economy that does not offer paid leave as a universal matter of law. It only guarantees 12 weeks unpaid leave for companies who have 50 or more employees. Although the dial is slowly changing, many political advocates are now lobbying for paid parental leave. Besides being beneficial to families, advocates have learned that extended leave helps maintain a better retention rate for female employees. For example, before Google expanded its maternity leave to five paid months, women quit double the rate of their male colleagues.
This news comes on the heels of female executives claiming they must still hide their pregnancies in order to secure deals for their companies or while interviewing a new job. ABC’s Good Morning America reports Talia Goldstein, CEO of Three Day Rule, felt the need to hide her pregnancy after asking several advisers if they would invest in a company who has a pregnant CEO.
She told ABC that the advisers told a pregnant CEO would be considered a “huge red flag.” When Goldstein couldn’t hide her pregnancy any longer, her colleagues failed to congratulate her and did not understand why she continued working. Now, with her second pregnancy in full swing Goldstein has decided to not hide and see how her decision to expand her family affects her business.