Sallie Mae Delivers New Parental Leave Benefits

Oct. 17, 2016, 8:15 PM UTC

SLM Corp.'s soon-to-be parents have yet another reason to celebrate.

Sallie Mae announced Oct. 17 that it will expand its parental leave policy to offer up to 12 weeks of paid leave to new and adoptive parents.

Paid parental leave has become one of the most popular benefits, especially among younger employees, and employers increasingly see it as a way to retain talent.

With this move, the student loan company joins other large employers that have expanded their parental leave benefits this year, including Bank of America Corp., Hilton Worldwide, Chobani LLC and Ernst & ...

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