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The #showmeyoueleave movement can be a good place for you to start!
Look at what you think is reasonable that you can afford. I work at a large tech company, but we give new mothers minimum 3 months off and new father's 2 months min.
Thank you!
So a few follow up questions here.
- Are you looking at specific policy? Or what to offer as a benefit?
- What region of the country are you located? Are you distributed or centralized?
- Being in the series B stages are you able to really blow the doors off of your offering or still limited?
- What culture are you trying to build?
- what is your total rewards philosophy?
Great questions.
- I’m looking for how many weeks we should offer
- we are dispersed and a hybrid workforce
- we are still a bit limited, but want to offer something generous and competitive leave
- we want to build an inclusive environment that retains working parents and emphasizes flexibility
- I’m not 100% sure of our total reward philosophy, that’s something that I definitely want to think about and explore more
Interested in seeing the feedback on this as well as we’re in the same position and also looking for guidance!
From the employee point of view, maybe you can do a survey on what they want/need?
Work at a startup and we get 16 weeks paid leave, both mom & dad!
Would love to explore this too! We are a series B tech company and offer 4 weeks paid currently with a loose starting point at an additional 8 weeks off unpaid beyond that.
Looking to enhance our policy and also increase total rewards!
My company is a large company but recently enhanced its program. Parental leave is 16 weeks. You can add on any paid family leave based on your work State. I’m NY, I could take 4 months leave and add up to 12 weeks paid family leave. The first 4 months are full salary. The paid family leave is considered unpaid leave by the company and you work through the state program. When i worked in tech startups- it was usually 12 weeks paid parental leave but vacation and sick days were more generous.
Look to see what SHRM may have.
I have some benchmarking data I can share if you want to send me a DM to connect. It won’t be tech/geographic specific but still good data.
DM me so we can connect offline!
I would start with what the state may have. For example, if a state has 6 weeks paid leave, you may be able to implement that. Salaries are budgeted for the entire year, so the money is available for employees to receive it, so it is a matter of your company’s pay philosophy.
Some states have mandatory paid parental leave.
Also, implement STD benefit, the benefit is very affordable, even for small businesses. Employer paid premium. From my experience, I think all you need is 5 staff to be on the plan. With a STD benefit, there is a wait time, but employees will be able to receive 60% salary on a weekly basis, average. Ask a lot of questions. Contact a small broker to assist you. Stay away from large insurance brokerage firms. Google small broker employer benefits.
I'm in the UK but work for an international tech company. For our UK employees we've just enhanced maternity, shared parental and paternity, and introduced a fertility policy.
With the exception of the fertility, I got my data from a global benchmarking company, Willis tower Watson. It provider a detailed analysis of all kinds of leave and benefits offering, based on where you want to position yourself as a company - percentile to the market.
If you're UK based, happy to share my findings with you.