Streaming service Netflix is setting a new standard for parental leave this week by announcing it will now provide its employees with up to one year of paid leave after the birth or adoption of a child. This new allowance complements the already generous fringe benefits offered by Netflix, such as free meals, lavish salaries, generous stock options and unlimited vacation each year.
Netflix published the new benefit this week on its blog. The company’s chief talent officer, Tawni Cranz, shared “Experience shows people perform better at work when they’re not worrying about home.”
This move increases the competition among tech-based employers who are striving to attract and retain desirable employees. Google, which is well-known as being among the best places to work, offers 18 weeks of paid maternity leave and Moms Pump Here reported earlier this summer that fellow technology company IBM announced a plan of its own to help retain talented individuals on staff by giving nursing employees access to free temperature-controlled shipping for their breastmilk when traveling on company business.