Wow! Standing Ovation! Eventually those type of economics will come to an end.
She's just following (playing catch-up, trying to keep up) with MicroSoft,
who has had this policy for about the last 15 years or so...She's just trying to stay competative to keep high-tech employees.When will the rest of Corporate stop seeing their employees as their
most important asset, and NOT some filthy, dirty, nasty necessary evil
liability?BTW - Happy May-Day!
FYI - ALL Other countries offer a minimum 16 weeks, With MOST european
countries offering 1 year or more (paid time off).America offers
ZERO.If you want to be competative Globally, and hire the best of
the best...You have to offer a competative benefits package.This is a reaction to Global competativeness, not the goodness of a CEO.And Happy May-Day, again.
@airnautThose progressive countries that provide more maternity
leave also have much higher taxes and much more governmental regulations. France
has 30 hour work weeks to guarantee that more people will have work. It also
taxes it's richest population up to 75%. Mrs. Mayer is
responding to market pressure not social pressure. She is doing what it takes to
keep benefits competitive, not because it's her social duty, but because
the market is dictating.
Well there's a company that will probably go broke. Companies are not
social programs and employee's are not the purpose of companies.
@DuckhunterYou obviously don't understand economics. Businesses
have to provide competitive benefits packages to lure talent. If there was a
dirth of fry cooks, then McDonalds would likely have to up their benefits
package as well.
Duckhunter needs to understand that these kind of benefits are normal for high
tech companies, even here in Utah Valley. A field trip to Qualtrics or Vivint in
the Riverwoods in Provo would illustrate that. It is a competitive thing. The
way Yahoo has declined over the past decade or so dictates that they have to do
everything they can to keep up in order to NOT go broke. If all the best and
brightest go to Google, Yahoo will wither away into nothingness. I
don't think we can ascribe this action completely to market demands,
however. I'm sure Ms Mayer has a very strong social conscience. That is
pretty normal for Silicon Valley.