Published Feb. 1, 2022 - HR Dive
Emilie Shumway
With employees complaining of burnout amid the Great Resignation, companies have increasingly explored ways of improving their compensation and benefit packages to boost retention and provide workers a needed break. Many have leaned into their PTO offerings, stretching their paid time off for specific life events and even cutting hours for all employees.
In December, for example, Pinterest informed HR Dive of a new benefit exclusive to NICU parents, which would allow parents with babies born prematurely to take time off ・separate from the company's standard parental leave ・to bond with them while in the newborn intensive care unit. Pinterest also expanded its paid leave from 16 weeks to 20 or 26 weeks of leave (depending on the birthing parent) and introduced PTO for miscarriage recovery.
Caregiving challenges, some of which have been specific to the pandemic, may have given rise to many such specific child care leave policies, as well as the increased popularity of benefits that support elder care and care for disabled dependents.
Through the pandemic, paid time off has taken shape in other ways as well. Last summer, companies like Bumble and Hootsuite gave employees a company-wide week off separate from their standard PTO, which employers hoped would force employees to rest and focus on mental health. More recently, a string of companies have enthusiastically embraced the four-day workweek, which many see as the next step in modernizing workplace policy.