Coca-Cola Credits Millennials For Its Extended Paid Parental Leave Policy (April 11, 2016)
By Kristen Bellstorm, Fortune
The gender-neutral benefits apply to…most.
Coca-Cola Company KO 0.65% is the latest employer to extend its paid leave policy beyond biological mothers—and it’s giving millennials props for spurring the change.
In a blog post on Monday, the soft drink giant announced that, starting Jan. 1, 2017, it will offer six weeks of fully paid leave to new parents in the U.S.—including biological, adoptive, and foster moms and dads. Those new benefits will augment Coke’s current benefits, which offer birth mothers six to eight weeks of paid leave through short-term disability. Roughly 40,000 workers will be covered by the new policy.