In a bid to enhance parental support benefits for its employees, PayPal India has announced a new Adoption Assistance Program.
Under new policy, the employees will get financial support of up to ₹1 lakh per adoption for the parents. This covers reimbursement of adoption expenses such as CARA registration, child placement, foster care and establishment of legal guardianship.
Besides this, the company offers paid adoption leave of 16 weeks for female employees and paternity leave of 2 weeks.
The initiative is a part of PayPal’s endeavor to ensure a work- life balance for employees keeping in mind the evolving family dynamics and work culture. This leave must be used in one block and cannot be carried forward or accumulated. Any unused adoption leave will lapse.
Jayanthi Vaidyanathan, Senior Director, Human Resources, PayPal, said “At PayPal, fostering an open, diverse and innovation-driven culture is essential for our employees to be at their creative best. As part of this effort, we have enhanced our parental support benefits for adoptive parents so they have constant support throughout the process and can truly embrace their journey of parenthood".
Parents can also avail counselling assistance or tips on parenting from PayPal’s Employee Assistance Program.
Other parental support programs include, IVF/Infertility treatment coverage under medical insurance, Maternity expenses coverage under medical insurance, Maternity leave of 26 weeks, paternity leave of 2 weeks, need-based extended maternity and paternity leaves, [email protected], where children can be enrolled in a near-site daycare or reimburse daycare expenses up to ₹ 10,000 per month.
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