Rebecca Greenfield writes, "Remember the mad rush to offer employees weeks and weeks of paid leave for all new parents?
Turns out that trend was limited to a certain sector of the American economy. Over the last decade, many companies have instead reduced their leave offerings.
In recent years, as the labor market has tightened, Google, Netflix Inc., American Express Co., and other elite firms have announced expanded-leave policies, giving more time off to more workers than ever, in a sort of parental leave arms race. When Google (now part of Alphabet Inc.) increased its maternity leave from 12 weeks to to 18 weeks in 2007, the rate at which new moms left the company fell by 50 percent. Since then, more companies struggling to hire and retain talent have realized that generous, broadly inclusive parental leave policies save money on turnover costs. It's not such bad publicity, either.
Yet many companies have backed away from fully paid policies, an already rare benefit for the average American worker, according to a new, nationally representative survey by the Society for Human Resource Management and the Families and Work Institute."