Human Resources

Toggle

Article

Asian-family-holding-new-born-123RF

Bloomberg expands paid parental leave policy to 26 weeks



Boost your team morale and showcase your team's achievements at the HR Excellence Awards. Benchmark yourself with the industry. View the categories and find out more.

Bloomberg’s employees around the world (including in Malaysia, Singapore, and Hong Kong) will now enjoy 26 weeks of fully-paid parental leave.

As announced to employees by founder Michael R. Bloomberg on 15 May, the company has expanded its parental leave policy from 18 weeks of fully-paid leave to 26 weeks effective immediately.

In a media statement, the company noted the policy is gender neutral and establishes a new global minimum standard for primary caregivers.

The new policy grants primary caregivers – male or female – 24 weeks of fully paid parental leave, plus 10 transition days (one day off per week for 10 consecutive weeks) immediately following an employee’s return to work. This serves as a new global minimum standard following the birth, adoption or foster placement of a child.

Secondary caregivers will continue to receive four weeks of fully-paid leave.

In a global memo to employees, the global business and financial information and news organisation wrote: “With this policy change, we are furthering our commitment to making Bloomberg a great place to work.

“We recognise that every family is different, so our policies should reflect the needs of each and every colleague — across the world and regardless of gender.”

Photo / 123RF



How do you know if your #learning is relevant for the #future?
Find out at the region's largest conference for HR and L&D practitioners, Learning & Development Asia, happening in September.
Register for early-bird savings now.

Read More News

Trending