Yum! Brands Looking After Mums And Dads
(3BL Media/Justmeans) – Surprisingly, only 12% of employees in America have paid maternity leave, unlike all other developed countries. There is no federal requirement where workers receive any payment during the time they take off for the birth of their child. While there is a federal law offering paid maternity leave, the vast majority of women in the States do not enjoy access to paid job protection after the birth of a new baby. Thankfully, over the past couple years, there has been a tremendous movement from private employers to fill the gap and provide payment to employees during their parental leave.
These companies are motivated by attracting and retaining talent who are new mums and parents in their workforce. Plus, in the long term, this mind-shift will also reduce the cost of turnover from employees who may feel unable to continue to work at the same company after the large, life-changing event of starting a family and having a baby. One such company, making these positive changes is Yum! Brands (NYSE: YUM) which is expanding parental time-off policy as part of the its ongoing commitment to its people-first culture and investment in its employees.
Yum! Brands’ expanded parental time-off policy offers birth mothers 18 weeks of fully paid time away from work, including six weeks of ‘baby bonding’ time. In addition, the policy offers six weeks of fully paid “baby bonding” time away from work to fathers, partners, adoptive and foster parents. Workers at Yum! Brands, KFC, Pizza Hut and Taco Bell, employees at its US headquarters in Louisville, Plano, Texas, and Irvine, Calif., and other restaurant leaders from across the US who are employed by the company can also take advantage of the policy, effective immediately.
This expanded parental time off and baby bonding benefit builds on the company’s strong legacy of investing in its people and culture to fuel good results. In addition to the expanded parental time-off policy, Yum! Brands has started offering increased flexibility to corporate employees with year-round half-day Fridays and a minimum of four weeks paid vacation plus two additional bonus weeks in an employee’s 10th, 20th or 30th year of service. It also offers a range of other benefits to support working parents and families including 24/7, 365-day access to a doctor through Teladoc, financial support for adoption services and infertility treatments, autism support services, daycare facilities and a host of wellness programs.
Yum! Brands is transforming itself into a growth-focused brand builder and global franchisor by investing in its culture. It is providing a meaningful way to supports its staff, ultimately helping their workforce contribute their best at work and at home. Yum! Brands knows that family leave, childcare, and flexibility aren't frills. They're basic needs and shouldn't be bonuses—they should be the bottom line.
Photo Credit: Yum! Brands