PayPal relaxes its caregiving leave policies in an attempt to improve work life balance

PayPal, a global payments platform with 192 active customers present in more than 200 markets, announces enhanced caregiving paid leave policies for its employees in India. The company more than doubled the official maternity leave to 26 weeks, from a lowly 12 weeks currently, and the paternity leaves also increased to 10 from 5. It has also introduced paid adoption leave of 16 weeks for its female employees, while the paternity policy has been adjusted to include adoption leave within its mandate.

Jayanthi Vaidyanathan, Director HR, said that “At PayPal, we believe that fostering an open, diverse and innovation-driven culture is essential for our employees to be at their creative best. As part of this effort, our extended caregiving policies not only enable women to come back to work after having children, but also offer a supportive, family-friendly environment for both parents. We are aware that enabling an inclusive workplace also includes helping fathers spend more time with their newborn children and our enhanced paternity leave.”

Apparently PayPal is not alone among the big multinationals to alter their maternity leave. A number of companies in India such as Accenture, Flipkart and others recently changed their caregiving policies to add more flexibility for the new mothers in a bid to improve the work life balance and retain the high skilled talent.