I was psyched to see Sheryl Sandberg’s announcement that Facebook now has new standards on benefits for its largest contractors and vendors, including paid parental leave:
Today, I am pleased to announce that we are implementing a new set of standards on benefits for contractors and vendors who support Facebook in the US and do a substantial amount of work with us. These benefits include a $15 minimum wage, minimum 15 paid days off for holidays, sick time and vacation, and for those workers who don’t receive paid parental leave, a $4,000 new child benefit for new parents. This will give both women and men the flexibility to take paid parental leave, an important step for stronger families and healthier children.
Why is this so important? Because, according to this report by the Institute for Women’s Policy Research, “The United States is the only high-income country, and one of only eight countries in the world (Heymann and McNeill 2013), that does not mandate paid leave for mothers of newborns.” I won’t go into paternity leave or shared parental leave, but suffice it to say, it’s no better.
It’s great to see a U.S. company leading the charge on changing parental work policies – not because they’re forced to, but because it’s good for their employees AND for their business.
Bravo! Shine on!