Bloomberg Benefits: Among the Most Generous Parental Leave Policies at Major U.S. News Organizations, According to Columbia Journalism Review

Feb 8, 2018 12:00 PM ET
Press Release

February 8, 2018 /3BL Media/ - Bloomberg has always aimed to provide world class benefits to employees: It’s been a business imperative that has helped propel the company to reach its 36th consecutive year of revenue growth in 2017.

Twenty five years after the U.S. Congress passed the Family and Medical Leave Act, Columbia Journalism Review is out this week with an article looking at how U.S. news organizations stack up in parental leave policies.

The bottom line: Bloomberg is among the most generous to employees. Bloomberg’s policy for new parents provides 18 fully paid weeks of leave for the primary caregiver and 4 weeks fully paid leave for non-primary caregivers. We also provide 15 days of backup child care.

In 2015, the company doubled down on parental leave, establishing a gender neutral policy that treats all parental leaves equally to better reflect the needs of modern families, including same-sex couples and adoptive parents.

As Columbia Journalism Review reports, Bloomberg also provides manager training and transition coaching for parents returning from leave, according to Erika Irish Brown, Bloomberg’s chief diversity and inclusion officer.

Brown explained that Bloomberg “aims to be world class in HR,” in order to remain a competitive employer-of-choice.

In addition to comprehensive health, dental and vision care, Bloomberg also provides employees with on-site health centers in our largest offices, fresh fruits and snacks in all of our locations and in the U.S., four weeks of vacation for full-time employees.

Our colleagues are our most important asset. As we continue to grow, Bloomberg remains focused on recruiting and retaining a talented and diverse workforce, providing comprehensive benefits evolving to meet the needs of our 19,000 colleagues around the globe.

To read more about Bloomberg Diversity and Inclusion, click here