Citigroup Inc. is enhancing its parental leave and introducing a new caregiver leave for employees in the U.S. and Puerto Rico.
The financial services company is providing all employees who are new parents with 16 weeks of paid leave, regardless of their path to parenthood, according to a press release. Birthing parents will receive additional paid recovery time of up to eight weeks.
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As well, Citigroup’s employees in the U.S. and Puerto Rico will be eligible for two weeks of paid leave annually to care for an immediate family member. The organization noted it’s working to introduce similar leave programs across the globe over time.
“We are so proud of Citi’s commitment to providing all colleagues more time to focus on family at the most important moments,” said Sara Wechter, the company’s chief human resources officer, in the release. “We are confident that these changes will further foster an environment where each of us can thrive both personally and professionally. We are also thankful to our Families Matter Inclusion Network for all it has done to support our colleagues and champion family life as an integral part of well-being.”
While the same programs aren’t available in Canada, the organization is looking at potentially offering them down the road, said a company spokesperson in an email to Benefits Canada.
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