Charlotte’s largest employers have parental leave policies that range from four weeks of paid leave for non-birthing parents to more generous offerings — like 16 weeks fully paid, IVF coverage and $50,000 in adoption reimbursement.
We checked in on the parental leave policies of some of the largest employers in the region, who employ nearly 176,000 people locally combined.
Why it matters: Businesses are constantly competing for talented employees in Charlotte and beyond. Offering progressive parental leave policies is a way many local employers work to recruit and retain young talent and show their staff they value them.
- Financial institutions generally tend to have the most robust parental leave policies and other benefits for new families.
Other perks: A number of the companies below (Bank of America, Wells Fargo, EY, Ally) offer back-up care or subsidies for when an employee’s usual child care options fall through.
- Others offer alternative support for families to grow their families. EY, for instance, offers up to $50,000 per family to cover expenses related to infertility, surrogacy and/or adoption. Ally offers adoption and/or surrogacy assistance of up to $35,000 each for two children.
Note: All of the benefits below generally apply to full-time employees who are enrolled in each company’s health care plan. These details came from the companies’ spokespeople or executives directly. These employers are in order by their local workforce size. Employee counts are current as of October 2023 and include those working in the Charlotte metro area.
Editor’s note: We first published this in July 2021 and updated it in October 2023.
Atrium Health
Policy: Six consecutive weeks of paid leave for birth mothers; four consecutive weeks of paid leave for parents who do not give birth…