EY’s Paid Parental Leave Policy in US Increased To 16 Weeks for New Moms and Dads (April 13, 2016)
NEW YORK, April 13, 2016 /PRNewswire/ — Ernst & Young LLP parents-to-be will celebrate more than just the arrival of their new child come July 1, 2016. EY announced today that new mothers and fathers in the U.S. will now be eligible for up to 16 weeks of fully paid parental leave. The new parental leave policy is available to men and women welcoming a child through birth, adoption, surrogacy, foster care or legal guardianship. EY also announced that it will provide generous benefits for fertility, surrogacy and adoption. On average, nearly 1,200 EY people in the US, half of which are men, take paid parental leave each year.
Upon the arrival of a child, EY’s current US policy offers 12 weeks for new birth mothers and six weeks for dads and adoptive parents, subject to eligibility requirements. The new policy increases benefits for all eligible parents and positions EY as a 1stmover in equalizing parental leave benefits for men and women among the Big Four, Accenture, IBM and other professional services firms.