advertisement
advertisement

EY extending paid parental leave and benefits

EY (formerly Ernst & Young) just announced a new policy to expand its parental benefits to over 35,000 U.S. employees. Coming on the heels of Coca-Cola’s gender neutral paid leave policy, EY’s plan is to offer both new mothers and fathers up to 16 weeks of fully paid parental leave for birth, adoption, surrogacy, foster … Continue reading “EY extending paid parental leave and benefits”

EY (formerly Ernst & Young) just announced a new policy to expand its parental benefits to over 35,000 U.S. employees.

advertisement

Coming on the heels of Coca-Cola’s gender neutral paid leave policy, EY’s plan is to offer both new mothers and fathers up to 16 weeks of fully paid parental leave for birth, adoption, surrogacy, foster care, or legal guardianship, according to a company statement. This is an expansion on the company’s current policy of 12 weeks for mothers and six for fathers.

As of January 1, 2017, EY will also offer financial assistance of up to $25,000 per family for adoption, advanced reproductive technology procedures (ART) including for surrogacy, and medically necessary egg and sperm freezing. The new policy increases adoption benefits and makes ART and/or surrogacy benefits available to both same sex and opposite sex couples. 

advertisement
advertisement

About the author

Lydia Dishman is a reporter writing about the intersection of tech, leadership, and innovation. She is a regular contributor to Fast Company and has written for CBS Moneywatch, Fortune, The Guardian, Popular Science, and the New York Times, among others.

More