How would you value parental leave in evaluating competing job offers? One offer has 3 months paid parental leave while the other doesn’t. Planning to have 2 bambinos in the next 3 years. Offer 1 has one extra week of regular PTO, 3 months parental leave and 100% paid health insurance but TC is $15k less than Offer 2 which has no parental leave and 70% paid health insurance.

Is it a no brainer to choose Option 1? The work is similar with Company 1 twice the size of Company 2.

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Paid parental leave of 3 months is worth 25% of annual base salary. I say base because bonuses are possibly prorated to remove leave time. 100% paid health insurance, if it is good insurance that covers more than just you, might be worth a few thousand dollars.

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Option 1 - no brainer

likesmart

Also - if anything is wrong with baby, or if you struggle with infertility, you will appreciate that better healthcare!!!!

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Actually I never thought about that. I’ve been operating under the assumption of “normality”. Thnx , food for thought

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15k after tax is nothing in your monthly/biweekly salary compared to 3 months of parental leave. What about insurance? Have you done the math on that 30% difference in the insurance for the entire family?

likesmart

Glad to hear! Good luck! 🎉

Option 1 for sure. You'll make that up in just medical bills

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Just healthcare cost will cover the 15k difference

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Option 1

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Not sure your childcare plans, but we also saved on delaying daycare costs because of parental leave. Plus it’s time you’ll never get back, and you won’t regret having that time with your new baby.

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Didn’t factor in the delaying childcare part. Every comment makes the difference even much more glaring.

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Option 1 and it’s not even close IMO

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Option 1 for sure

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Option 1 💯

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Non financial the time you spend with your kid can you really put a price tag on that. You’ll never get that opportunity to leave everything else to the side to focus on that bonding time with your kid. This is what has kept me put at current job that offers 16 weeks because your life completely changes once you welcome a little one into the world.

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Option 2 for long term. 1 for short. How many years might you stay?

I’ll stay minimum 3 years all things being equal.

Option 1. I m having a second kid shortly and will move from current job to one that has better parent support

I think the purely monetary value of option 1 is probably higher, all things considered.

That aside, I’d be very hesitant to work for any company that doesn’t give some paternity leave in 2024

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