A "Race To The Top"

Photo Credit: Unsplash

By Fairygodboss

READ MORE: Maternity leave, Parental leave, Paternity leave, Compensation, Credit Suisse, Social media, Spotify, Facebook

Something exciting has been happening in the world of benefits and working families these last few weeks of November.

If you're familiar with the concept of a "race to the bottom," this is exactly the opposite of that. We're talking about what seems to be a "arms race" (as the Wall Street Journal puts it) by employers to offer progressive parental -- maternity and paternity leave -- policies to their employees.

With Mark Zuckerberg planning to take two months of paternity leave as CEO of Facebook and then expanding the company's 4-month parental policy to all international employees, Spotify recently announcing it would offer full-time employees 6 months of paid parental leave, and Credit Suisse joining the movement by offering U.S. employees 20 weeks of paid parental leave, there's reason to be hopeful that other employers will realize these benefits can provide a good "double" bottom line.

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