{"id":3372,"date":"2019-05-15T17:01:12","date_gmt":"2019-05-15T21:01:12","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/"},"modified":"2019-05-15T17:01:12","modified_gmt":"2019-05-15T21:01:12","slug":"bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/","title":{"rendered":"Bloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers"},"content":{"rendered":"
\n \n\t\n\t\n\t
\n\t\t\n\t\t\t
\n\t
\n \n
\n

Gender Neutral Policy Also Covers Adoptions and Foster Placements<\/p>\n

Updated Policy Is Double the Average of Communications and Finance Industries and 63% More than Average for Tech Firms<\/p>\n<\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n

\n \n\t\n\t\n\t
\n\t\t\n\t\t\t
\n\t
\n \n
\n

(New York) – Bloomberg LP is expanding its parental leave policy from 18 weeks of fully-paid leave to 26 weeks effective immediately, founder Michael R. Bloomberg announced to employees today. The policy is gender neutral and establishes a new global minimum standard for primary caregivers.<\/p>\n

“With this policy change, we are furthering our commitment to making Bloomberg a great place to work,” Bloomberg wrote in a global memo to employees. “We recognize that every family is different, so our policies should reflect the needs of each and every colleague — across the world and regardless of gender.”<\/p>\n

The updated policy is double the average leave policy for U.S. communications and finance firms, and it’s 63% more than the average policy for tech firms, according to data from the Bloomberg Gender-Equality Index. The average paid leave across industries in the U.S. is 16 weeks at technology companies, 13 weeks in the communications industry and 12 weeks at financial firms.<\/p>\n

The new policy is effective immediately and grants primary caregivers – male or female – 24 weeks of fully paid parental leave, plus 10 transition days (one day off per week for 10 consecutive weeks) immediately following an employee’s return to work. The policy serves as a new global minimum standard following the birth, adoption or foster placement of a child. Secondary caregivers will continue to receive four weeks of fully-paid leave.<\/p>\n

Bloomberg has provided among the most generous parental leave policies<\/a> of major U.S. News organizations, and today’s announcement vaults the company to the top tier of parental leave policies among major companies in the U.S.<\/p>\n<\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bloomberg expands parental leave policy to 26 weeks of fully-paid leave for primary caregivers, double the average of Communications and Finance industries. <\/p>\n","protected":false},"featured_media":0,"template":"","format":"standard","categories":[17],"press_tag":[92,94,100,104],"class_list":["post-3372","press","type-press","status-publish","format-standard","hentry","category-press-announcement","press_tag-benefits","press_tag-bloomberg","press_tag-human-resources","press_tag-parental-leave"],"yoast_head":"\nBloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers | Press | Bloomberg LP<\/title>\n<meta name=\"description\" content=\"Bloomberg expands parental leave policy to 26 weeks of fully-paid leave for primary caregivers, double the average of Communications and Finance industries.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers | Press | Bloomberg LP\" \/>\n<meta property=\"og:description\" content=\"Bloomberg expands parental leave policy to 26 weeks of fully-paid leave for primary caregivers, double the average of Communications and Finance industries.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/\" \/>\n<meta property=\"og:site_name\" content=\"Bloomberg L.P.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bloomberglp\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/data.bloomberglp.com\/company\/sites\/51\/2019\/08\/og-image-generic-lp.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/data.bloomberglp.com\/company\/sites\/51\/2019\/08\/og-image-generic-lp.png\" \/>\n<meta name=\"twitter:site\" content=\"@bloomberg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/\",\"url\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/\",\"name\":\"Bloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers | Press | Bloomberg LP\",\"isPartOf\":{\"@id\":\"https:\/\/www.bloomberg.com\/company\/#website\"},\"datePublished\":\"2019-05-15T21:01:12+00:00\",\"dateModified\":\"2019-05-15T21:01:12+00:00\",\"description\":\"Bloomberg expands parental leave policy to 26 weeks of fully-paid leave for primary caregivers, double the average of Communications and Finance industries.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":\"1\",\"name\":\"Home\",\"item\":\"https:\/\/www.bloomberg.com\/company\/\"},{\"@type\":\"ListItem\",\"position\":\"2\",\"name\":\"Bloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/#website\",\"url\":\"https:\/\/www.bloomberg.com\/company\/\",\"name\":\"Bloomberg L.P.\",\"description\":\"Bloomberg L.P. is the leader in global business and financial information, enabling customers to make smarter, faster, more informed business decisions.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.bloomberg.com\/company\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers | Press | Bloomberg LP","description":"Bloomberg expands parental leave policy to 26 weeks of fully-paid leave for primary caregivers, double the average of Communications and Finance industries.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/","og_locale":"en_US","og_type":"article","og_title":"Bloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers | Press | Bloomberg LP","og_description":"Bloomberg expands parental leave policy to 26 weeks of fully-paid leave for primary caregivers, double the average of Communications and Finance industries.","og_url":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/","og_site_name":"Bloomberg L.P.","article_publisher":"https:\/\/www.facebook.com\/bloomberglp\/","og_image":[{"width":1200,"height":630,"url":"https:\/\/data.bloomberglp.com\/company\/sites\/51\/2019\/08\/og-image-generic-lp.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_image":"https:\/\/data.bloomberglp.com\/company\/sites\/51\/2019\/08\/og-image-generic-lp.png","twitter_site":"@bloomberg","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/","url":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/","name":"Bloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers | Press | Bloomberg LP","isPartOf":{"@id":"https:\/\/www.bloomberg.com\/company\/#website"},"datePublished":"2019-05-15T21:01:12+00:00","dateModified":"2019-05-15T21:01:12+00:00","description":"Bloomberg expands parental leave policy to 26 weeks of fully-paid leave for primary caregivers, double the average of Communications and Finance industries.","breadcrumb":{"@id":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-lp-expands-parental-leave-policy-18-26-weeks-fully-paid-leave-primary-caregivers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":"1","name":"Home","item":"https:\/\/www.bloomberg.com\/company\/"},{"@type":"ListItem","position":"2","name":"Bloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers"}]},{"@type":"WebSite","@id":"https:\/\/www.bloomberg.com\/company\/#website","url":"https:\/\/www.bloomberg.com\/company\/","name":"Bloomberg L.P.","description":"Bloomberg L.P. is the leader in global business and financial information, enabling customers to make smarter, faster, more informed business decisions.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bloomberg.com\/company\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"featured_image_rendered":"","category_info":{"name":"Press announcement","blog_landing_name":"Press"},"_links":{"self":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/3372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press"}],"about":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/types\/press"}],"version-history":[{"count":0,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/3372\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/media?parent=3372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/categories?post=3372"},{"taxonomy":"press_tag","embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press_tag?post=3372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}