More US Companies Are Giving Mom and Dad Equal Parental Leave

The number of companies ditching paid maternity and paternity leave for gender neutral parental leave is growing.

Of the largest firms in the US, 9% offer at least 12 weeks off for all new parents, regardless of their gender and caregiving role. The list of new entrants includes Morgan Stanley and Pinterest Inc., which both recently updated their benefits policies.

That’s up from 6% a year earlier, according to a recent report from JUST Capital, which analyzed policies from 951 companies in the Russell 1000 index through September. Another 16% of companies offer parity, but less than 12 weeks off. ...