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Netflix Announces Unlimited Maternity and Paternity Leave Policy

Netflix Announces Unlimited Maternity and Paternity Leave Policy

Netflix made a big change to their maternity and paternity policy.

On Tuesday, they announced that they are starting an unlimited leave policy for new mothers and fathers during the first year after the birth or adoption of a child, The New York Times reports.

Employees will receive their normal pay in the new policy. According to The New York Times report, employees will be able to return to work part-time or full-time, and they may also return to work and then take additional time off, if needed.

Tawni Cranz, chief talent officer at Netflix, explained that the new policy will help them attract and keep the "most talented individuals in their field."

"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," Cranz said in a blog post on the company's website.

Big name companies, such as Twitter and Google, also have maternity and paternity policies that exceed the United States' Family and Medical Leave Act of 1993 that mandates 12 weeks of unpaid leave.

Netflix's announcement came the same day that shares in the company reached a new high, $122.79. 

NEXT: New York Times and Netflix Reveal Disturbing Truths about Women's Prison »

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Photo Credit: Shutterstock / Twin Design