Employers Expand Paid Family Leave

(Image credit: Graham Oliver)

published 2 November 2016

Every year, millions of American workers take time off to care for aging parents, and they must use unpaid leave to do it. But that's changing. Last September, Deloitte LLP, a professional-services firm with more than 70,000 employees, announced that workers may take up to 16 weeks of paid time off to care for children, elderly parents, or a sick spouse or partner. Earlier, Nike announced that its employees may take up to eight weeks of paid leave to care for ill family members.

As elder-care demands continue to affect employee productivity, more companies will likely follow Nike and Deloitte's example, says Jody Gastfriend, vice president of senior care at Care.com, an online marketplace for family-care services. Although the benefit is attractive to older workers, it's also valued by younger employees, she says. About 25% of millennials are caregivers, according to the National Alliance for Caregiving.

And expanding paid leave beyond time off for new parents creates a more equitable workplace, Gastfriend says. “Not all employees have children, or their kids have grown up.”

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How to Manage Your Parents’ Care From Afar

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.