Employee Benefits, Surrogacy

Morgan Stanley increases parental leave in employee benefits overhaul – memo

Source KFGO

(Reuters) – Morgan Stanley has increased parental leave in a major overhaul of employee benefits aimed at easing the strain on its workers, according to an internal memo seen by Reuters on Thursday, as major Wall Street banks battle for talent.

The investment bank said parents – whether through new birth, adoption, foster care or surrogacy – would be entitled to a minimum of 16 weeks of paid leave.

Employees would also get between six and eight weeks of medical leave post-pregnancy, it said in the memo.

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