Netflix just upped the ante big time in the race to provide working parents with the best benefits.
On Tuesday, the company revealed that it will begin offering new parents “unlimited” maternity or paternity leave for a year following the birth or adoption of a child. New moms and dads will have the opportunity to return to work at any point during that one-year period in either a full-time or part-time capacity, the company said. And Netflix will continue to pay those employees at full salary, negating complications that often arise when employees file to receive disability pay to extend their leaves.
“We want employees to have the flexibility and confidence to balance the needs of their growing families without worrying about work or finances,” Tawni Cranz, Netflix’s chief talent officer wrote in a post on the company’s corporate blog. “Parents can return part-time, full-time, or return and then go back out as needed.”
In June, billionaire Richard Branson announced he was implementing a similar policy for a small segment of Virgin Group workers that would give dads a year of paternity leave at full salary.
Cranz went on to write in the post that “Netflix’s continued success hinges on us competing for and keeping the most talented individuals in their field. Experience shows people perform better at work when they’re not worrying about home.”