When it comes to family-friendly corporate policies, Yahoo CEO Marissa Meyer is all over the lot. Last year she ordered most work-at-home employees back to the office, but on Tuesday she extended paid maternity and paternity leave to 16 weeks for mothers, 8 weeks for fathers.
CNNMoney sorts it out by saying Mayer, a new mother, is rightly focusing on turning the company around. That’s what Yahoo really needs — a clear definition.
Can Connecticut companies, especially the old-line ones, offer as much paid leave? Silicon Valley is a different culture, so for most the answer is no. Let me know about exceptions.
At Quinnipiac University, management professor David Cadden points out that Yahoo’s new paid leave policy is middle-of-the road — for Europe:
“It is extremely gratifying to hear that Yahoo has decided to double the maternity and paternity leave time….CEO Mayer has recognized that employees aren’t singularly driven by just the paycheck. They look and are motivated by other benefits. These include the ability to raise a family. She had curtailed Yahoo’s employees’ ability to work at home which aided many of them in raising their family. While extremely generous by American standards, Yahoos’ policies for maternal and paternal would be merely average in the Northern European context. Such policies are critical in attracting and retaining technically competent individuals. For a period of time, Xerox Corporation had in many of its facilities on-site daycare for young children. CEO Mayer has a comparable capability for herself. She had a nursery built next to her office.”