It’s been an interesting year for the staff at Yahoo (NASDAQ:YHOO).
CEO Marissa Mayer — who earlier revoked telecommuting to rebuild the corporate culture — has now decided to expand the company’s perks, New York Daily News reports.
The latest move applies to new parents. Yahoo has elected to double the amount of paid maternity and paternity leave that new parents receive. Now new mothers will get 16 weeks of leave while new fathers will receive eight weeks. Adoptive parents will receive eight weeks off, too. The new parents will also receive a $500 bonus to spend on groceries and other items for the baby.
The move comes as Yahoo attempts to stay competitive with rivals Google (NASDAQ:GOOG) and Facebook (NASDAQ:GOOG). By increasing the perks and other considerations — long-time employees get a bonus eight weeks of vacation at each five-year anniversary — the company hopes to lure top employees and maintain established staff.
More stories about benefits and perks:
- American Airlines Test Perks for Those Without Carry-Ons
- Google’s Amazing Employee ‘Death Benefits’
- Dozens of IRS Workers Accused of Stealing Benefits