DYK: Only 40% of organizations disclose how many weeks their employees receive while on paid leave. Out of the disclosure rate, analysis shows that only 9% of employers offer 12 weeks. In this newsletter we are breaking down the parity in paid leave and why it matters.
PARITY IN PAID PARENTAL LEAVE REMAINS LOW
"While 64% of Americans believe it is necessary for employers to provide at least 12 weeks of paid parental leave to both primary and secondary caregiving workers to promote workplace gender equity, only about 1 in 10 companies has such a policy, according to a report released Thursday by research nonprofit JUST Capital.
JUST Capital looked at the Russell 1000 companies for its analysis. It found that while most (60%) disclosed a paid parental leave policy as of September 2022, only around 40% disclosed the specific number of weeks offered to primary and secondary caregivers. Those making disclosures in each category increased from the year prior, however." Learn more
ONLY 9% OF AMERICA'S LARGEST COMPANIES OFFER AT LEAST 12 WEEKS LEAVE
"While disclosure itself is key to understanding the current landscape of paid parental leave, it is increasingly considered a corporate best practice to offer parity in paid leave for both primary and secondary caregivers. Leading to better outcomes for workers and their families, parity in paid leave is a more inclusive practice, acknowledging all family types and the roles that parents play in childcare, regardless of their gender identity, relationship status, or sexual orientation. Learn more