Payments player PayPal India has launched a new Adoption Assistance Program. The announcement is a part of the company’s continual effort to enhance the parental support benefits for employees. The new policy will offer financial support of up to INR 1 lakh per adoption for adoptive parents. This covers reimbursement of adoption expenses such as CARA registration, child placement, foster care and establishment of legal guardianship.
Jayanthi Vaidyanathan, Senior Director, Human Resources, PayPal stated, “At PayPal, fostering an open, diverse and innovation-driven culture is essential for our employees to be at their creative best. As part of this effort, we have enhanced our parental support benefits for adoptive parents so they have constant support throughout the process and can truly embrace their journey of parenthood.”
PayPal offers paid adoption leave of 16 weeks for female employees and paternity leave of 2 weeks. The move is a part of PayPal’s endeavour to ensure a work-life balance for employees keeping in mind the evolving family dynamics and work culture. This leave must be used in one block and cannot be carried forward or accumulated. Any unused adoption leave will lapse.
An employee who intends to take adoption leave is requested to give [two months'] prior notice to his/her [manager and the Human Resources Department]. Parents can also avail counselling assistance or tips on parenting from PayPal’s Employee Assistance Program. The new Adoption Assistance Program is effective from Dec 2019.
With this move, the company joins the league of organizations that have in the recent past rolled out a slew of initiatives aimed to improve the wellbeing of their staff and their work-life balance. Recently, Hewlett Packard Enterprise also announced among other employee programs, 26 weeks of paid leave for new parents - both mothers and fathers. Similarly, global telco company Vodafone announced that all its employees worldwide will be offered 16 weeks of fully-paid parental leave.