• Home
  • Tv
  • Tv News
  • Netflix to Give Workers With Babies a Year of Paid Leave

Netflix to Give Workers With Babies a Year of Paid Leave

Netflix to Give Workers With Babies a Year of Paid Leave
Advertisement
Netflix is giving new parents on its payroll up to a year of paid leave in a move that could pressure other technology employers to improve their baby benefits as they vie for talent.

The employee benefit announced Tuesday on Netflix's blog is generous even by the high standards of Silicon Valley, where free meals and other perquisites supplement lavish salaries in the fiercely competitive battle for computer programmers and other technology workers.

"Netflix's continued success hinges on us competing for and keeping the most talented individuals in their field," Tawni Cranz, the company's chief talent officer, wrote in the blog post. "Experience shows people perform better at work when they're not worrying about home."

Google, which consistently ranks among the best places to work, offers 18 weeks of paid maternity leave. Parents can also take seven to 12 weeks of paid "baby bonding" time during their child's first year.

The US and Papua New Guinea are the only countries among 185 nations and territories that hadn't imposed government-mandated laws requiring employers to pay mothers while on leave with their babies, according to a study released last year by the United Nations' International Labor Organization.

Netflix's baby-benefit policy covers all of the roughly 2,000 people working at its Internet video and DVD-by-mail services, according to the Los Gatos, California, company.

Salaries at Netflix vary widely, according to Glassdoor.com, a website where workers from a variety of industries share information about their compensation. Pay at Netflix ranges from about $15 per hour for customer service representatives fielding inquiries from the company's more than 65 million subscribers around the world to more than $200,000 (roughly Rs. 1.26 crores) annually for software engineers.

Most Netflix employees also receive stock options, which have been producing huge windfalls in the past few years as the company's shares have soared. Netflix's stock closed Tuesday at $121.15, nearly 16 times more than its price three years ago.

Netflix traditionally has long given its workers more leeway than most employers. For instance, the company already allows employees to take an unlimited amount of vacation each year, as long as they get their assignments done and fulfill other requirements of their jobs.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Home entertainment, Internet, Netflix
India's Multi-Billion Dollar E-Commerce Battle Heats Up
Harman Says Car Hacking Risk Restricted to Fiat Chrysler
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »