Netflix just announced it’s offering
paid leave for new mothers and fathers for the first year after the birth of
adoption of a child. Other high-tech firms are close behind.
Some big law firms are also getting
into the act. Orrick, Herrington Sutcliffe is offering 22
paid weeks off for both male and female attorneys.
All this should be welcome news. Millennials
now constitute the largest segment of the American work force. Many are just
forming families, so the new family-friendly policies seem ideally timed.
But before we celebrate the dawn of
a new era, keep two basic truths in mind.
First, these new policies apply
only to a tiny group considered “talent” – highly educated and in high demand.
They’re getting whatever perks
firms can throw at them in order to recruit and keep them.
continued success hinges on us competing for and keeping the most talented
individuals in their field,” writes Tawni Cranz, Netflix’s chief talent officer.
Neflix has a “chief talent officer” tells you a lot.
Netflix’s new policy doesn’t apply to all Netflix
employees, by the