Center for American Progress

Every worker, not just those at Netflix, deserves paid family leave
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Every worker, not just those at Netflix, deserves paid family leave

In the wake of Netflix's recent announcement, Sarah Jane Glynn discusses the need for and benefits of paid parental leave.

Authors

  • Sarah Jane Glynn

After Netflix announced that it will allow employees to take as much parental leave — fully paid — as needed in the first year of a baby’s life, the company’s stock price jumped five points.

At first blush, that may seem surprising: Why would stock prices increase just because Netflix NFLX, -6.35% now offers more generous benefits to employees? Shouldn’t that hurt rather than help the company’s bottom line?

The reality — as Netflix  executives well know — is the exact opposite.

Being responsive to the work-life needs of employees has proven benefits for both workers and businesses, which is why more and more companies are choosing to implement generous paid-leave policies.

The above excerpt was originally published in MarketWatch. Click here to view the full article.

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Authors

Sarah Jane Glynn

Senior Fellow