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How unequal paid parental leave for men and women can reinforce gender inequality at Fortune 500 firms
Paid parental leave is essential to helping new parents balance the demands of work life and home life. But, a new study released by Ball State University finds that many Fortune 500 firms offer far more paid leave to mothers than they do fathers.
The report, published in August 2020, looks at paid parental leave policies at 353 of the Fortune 500 firms; the remaining companies failed to provide information on their policies. Of the companies examined, 72% have some form of paid parental leave, meaning that 28% of the companies don’t offer paid parental leave at all. For the companies that do offer paid parental leave, nearly half of them offer at least twice as much paid leave to moms than they do dads.
The study, which is the first of its kind to examine and compare parental leave policies only at top U.S. companies, finds that, on average, mothers receive 10 weeks of paid leave from Fortune 500 firms. Meanwhile dads, on average, receive less than 5 weeks of paid leave.
