NEW YORK (WCMH) — Financial giant American Express has announced that the company is expanding its parental leave policy for U.S.-based workers.
As of Jan. 1, 2017, both mothers and fathers will receive 20 weeks of parental leave at full pay, according to a press release. The company will also offer paid, medically necessary leave related to giving birth to new mothers. The new policy covers both full-time and part-time employees. The current policy only offers six weeks of paid leave for the “primary” parent and just two weeks for secondary caregivers.
The new policy also includes reimbursement for expenses to help cover the cost of adoption, surrogacy and reproductive and fertility treatments; free round-the-clock access to lactation consultants; and free shipping for breast-milk while the employee is travelling for work.
“American Express remains deeply committed to our working families and an inclusive culture that supports all of our employees,” said American Express Chief Human Resources Officer Kevin cox. “These significant enhancements to our benefits reflect a continued investment in the overall well-being of our employees and their families.”
American Express is just one of a growing list of companies offering more generous family leave policies in recent years. According to CNN, Ikea will now offer six to eight weeks of parental leave at full pay with an additional six to eight weeks at half pay. Other companies that have announced more family-friendly leave policies this year include Etsy and AXA.