PayPal offers enhanced caregiving policies to its employees
An online payment platform, PayPal has recently announced enhanced caregiving paid leave policies for its employees in India. Its paternity policy has been adjusted to include adoption leave within its mandate and company has introduced paid adoption leave of 16 weeks for its female employees
Along with it, maternity leaves are extended to 26 weeks from present 12 weeks. Also, its paternity leave is extended from 5 days to 10 days.
This initiative was taken by PayPal to ensure work-life balance for its employees.
“At PayPal, we believe that fostering an open, diverse and innovation-driven culture is essential for our employees to be at their creative best. As part of this effort, our extended caregiving policies not only enable women to come back to work after having children, but also offer a supportive, family-friendly environment for both parents. We are aware that enabling an inclusive workplace also includes helping fathers spend more time with their newborn children and our enhanced paternity leave, along with the newly introduced adoption leave policy, reflects our understanding of the evolving family dynamics among our employees,” said Jayanthi Vaidyanathan, Director, Human Resources, PayPal. “
The extended caregiving leave policies are effective from January 1, 2017.
Founded in 1998, PayPal is a global payment platform that is available in more than 200 markets and it allows people to be paid in more than 100 currencies.