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BY Fairygodboss

A Good Week for Paid Maternity Leave: JPMorgan and Dow Chemical Announce Expanded Policies

pregnant woman holding maternity leave sign

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TAGS: Maternity leave, JPMorgan, Dow Chemical, Parental leave

As of today, just 13% of women in the US are provided with paid time off to have a baby by their employers - as Bryce Covert points out in this New York Times editorial.  Even the best paid maternity leave programs at companies often pale in comparison to those offered outside the US.

That said, 2015 was a very good year for paid maternity leave, with many companies announcing enhanced policies. Last year, the groundswell of new leave policies was somewhat concentrated in the highly-competitive tech sector with Microsoft, Netflix, Adobe, Spotify and Facebook all announcing enhanced parental leave policies.

But perhaps 2016 will be the year when many other industries jump on board!

Big news came yesterday from the Industrial sector when Dow Chemical announced an improved policy: "Mothers will get a minimum of 12 weeks of paid leave, while non-birthing parents can get 2." This change nearly doubled their previous policy, as reported in Crain's Detroit Business.

Perhaps even bigger news came when JPMorgan - who has over 240,000 employees globally - announced a strengthened US paternal leave policy: Primary caregivers now receive fully paid parental leave of 16 weeks up from 12 previously.

Business Insider reported this fantastic quote from Jamie Dimon, CEO of JPMorgan, via John Donnelly, JPMorgan's head of human resources: "First and foremost, take care of your health. Not just physical health, but mental health and mental well-being. Take care of your family — however you define family. If you mess up either the first two, it'll probably be hard to have a great career anyway."

This news puts JPMorgan just on par with Goldman Sachs and Morgan Stanley, who both offer 16 weeks also, but ahead of and Bank of America (who offers 12 paid weeks).

In related news, this week Fairygodboss released exciting new research at The Girls' Lounge at Davos that shows that the amount of paid maternity leave taken by female employees is highly correlated to their job satisfaction.

Fairygodboss, a free, anonymous job review site for women by women, also has a crowd-sourced database of maternity leave policies. "By creating transparency around this opaque space, we're hopeful that we can help ignite this groundswell we're seeing of enhanced policies at companies and in industries all throughout the US and the world," said Fairygodboss co-founder Romy Newman.

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Related Community Discussions

  • I recently got engaged, will be married October 2017. My fiance and I want to start a family right away. My job does not have paid maternity leave. Would it be premature for me to advocate for paid leave? My initial thought process was to figure this out as soon as possible. Maybe I should start looking for another job; researching other companies I noticed that most (all the one's that I saw) require employees to have been employed for a year before being offered paid maternity leave.

    If I could have my way I would stay where I am at and get paid leave.

    I have a positive relationship with my boss and can talk about this with him, however; he isn't the one who ultimately makes this decision, corporate does.

  • I am currently 36 weeks pregnant and gearing up to go on maternity leave at the end of the month. I recently came across a new job oppurnity that would be better for my family. I'm at the finishing stages of interviewing with this new company and I am worried that I will find out I got the job while on maternity leave. My question is, what happens to my maternity benefits and how do I go about leaving my current job without issue?

  • Any advice for someone searching for work during their first trimester of pregnancy? I currently work with a temp agency for income and am applying for my next role. From what I've read on the boards, it seems that most women are firmly established at their companies but I was forced to look for a new role outside of my former company due to a health condition. They were unwilling to move me to a different role within the company. Any suggestions on how to navigate the next 4-6 months before giving birth?

  • I'm 12 weeks pregnant and just met with HR to find out about our Maternity Leave program only to learn that they only give us unpaid leave (you have to file for state disability to get your 55% salary during those weeks) In talking with other moms, I found they all came back early (because who can really afford to take a big pay cut when you have a new little one to tend to?)

    It never occurred to me to check because kids weren't on the radar when I applied for the job, but I'm totally disheartened that my company that "prides itself" on caring about its people doesn't have something better in place. Has anyone gone to HR to see about improving their policies? I know as a whole our organization had a 12 year tenure when I started and a pretty high average age, so it may have not been on their radar, but I'm shocked that they aren't more progressive. Any advice??

  • Good morning!
    I am seriously stressing about tell my work I am pregnant. Right now I am 9 weeks and 3 days. I work in a very competitive industry (recruiting) just got promoted to Assistant Manager this year and the bosses are mostly men. Its a small business so you would think its family friendly but its not so much. I take on a huge work load and I know it will be upsetting to them (As happy as I am) I know there is nothing they can do legally but I am still scared. I am 38 years old, this is my first, have been at this small company for 8 years. Hard worker for sure so this will be unexpected. I know they do not have maternity leave here so we follow what the state offers. We get short term disability in New Jersey ( 4 weeks before, 6 after) and then I think we can take 6 weeks of FMLA. Now I know once I tell them they do ask what my plan is. I honestly have no idea what my plan is!! Do I need the 4 weeks before? After how long!

    Also, I am going on a preplanned vacation April 1-10, do I tell them when I get back or before I leave?

    Thank you in advance for ANY help, advice, I am quite stressed out!

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A Good Week for Paid Maternity Leave: JPMorgan and Dow Chemical Announce Expanded Policies

A Good Week for Paid Maternity Leave: JPMorgan and Dow Chemical Announce Expanded Policies

As of today, just 13% of women in the US are provided with paid time off to have a baby by their employers - as Bryce Covert points out in this New Yor...

As of today, just 13% of women in the US are provided with paid time off to have a baby by their employers - as Bryce Covert points out in this New York Times editorial.  Even the best paid maternity leave programs at companies often pale in comparison to those offered outside the US.

That said, 2015 was a very good year for paid maternity leave, with many companies announcing enhanced policies. Last year, the groundswell of new leave policies was somewhat concentrated in the highly-competitive tech sector with Microsoft, Netflix, Adobe, Spotify and Facebook all announcing enhanced parental leave policies.

But perhaps 2016 will be the year when many other industries jump on board!

Big news came yesterday from the Industrial sector when Dow Chemical announced an improved policy: "Mothers will get a minimum of 12 weeks of paid leave, while non-birthing parents can get 2." This change nearly doubled their previous policy, as reported in Crain's Detroit Business.

Perhaps even bigger news came when JPMorgan - who has over 240,000 employees globally - announced a strengthened US paternal leave policy: Primary caregivers now receive fully paid parental leave of 16 weeks up from 12 previously.

Business Insider reported this fantastic quote from Jamie Dimon, CEO of JPMorgan, via John Donnelly, JPMorgan's head of human resources: "First and foremost, take care of your health. Not just physical health, but mental health and mental well-being. Take care of your family — however you define family. If you mess up either the first two, it'll probably be hard to have a great career anyway."

This news puts JPMorgan just on par with Goldman Sachs and Morgan Stanley, who both offer 16 weeks also, but ahead of and Bank of America (who offers 12 paid weeks).

In related news, this week Fairygodboss released exciting new research at The Girls' Lounge at Davos that shows that the amount of paid maternity leave taken by female employees is highly correlated to their job satisfaction.

Fairygodboss, a free, anonymous job review site for women by women, also has a crowd-sourced database of maternity leave policies. "By creating transparency around this opaque space, we're hopeful that we can help ignite this groundswell we're seeing of enhanced policies at companies and in industries all throughout the US and the world," said Fairygodboss co-founder Romy Newman.

Fairygodboss

Fairygodboss is committed to improving the workplace and lives of women.
Join us by reviewing your employer!
 

 

 
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