Bank of America is making life a little easier for new parents. The Charlotte-based bank announced Wednesday it is extending maternity and paternity leave to 16 weeks from 12 weeks for its U.S. employees.
“As we typically do, we listened to employee feedback (and) as we started to see changes in the marketplace, we took another look at our benefits and made the decision of providing an additional four weeks,” said Jim Huffman, the bank’s U.S. health and wellness benefits executive.
Huffman, who is based in Charlotte, told me in an interview Tuesday the bank started offering 12 weeks of paid parental leave in 2009. Since then, employee surveys and focus groups showed the desire for more paid time off for new mothers and fathers.
“We knew it was the right time to do it,” Huffman said.
Read more: Charlotte Business Journal »