On the same day that shares within the company rose to a new high, Netflix announced that they would be establishing a new policy which offers unlimited leave for new mothers and fathers for the first year following the birth or adoption of a child.

According to its guidelines, employees will receive normal pay and be entitled to return to work in a full or part time position.

In addition to this, employees have the option of returning to the workplace before taking additional time off if required.

Explaining the motivation behind the change in policy, Tawni Cranz, chief talent officer at Netflix, said: "This new policy, combined with our unlimited time off, allows employees to be supported during the changes in their lives and return to work more focused and dedicated."
 


Elaborating on this point and offering an insight into the advantages such a move will have on business, Tawni explained: "Netflix’s continued success hinges on us competing for and keeping the most talented individuals in their field."

The announcement comes just two months after Virgin introduced a one-year paid parental leave policy at two European offices, however employees were required to have provided four years' service in order to be considered eligible.


 

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