NE NEWS SERVICE
BANGALORE, JAN 2
With its vision to provide an opportunity to employees to adopt children and raise a family, PayPal India on Thursday announced a new Adoption Assistance Programme (AAP) under its HR policy, a company release said.
As part of the company’s continual effort to enhance the parental support benefits for employees, the new policy will offer financial support of up to Rs 1 lakh per adoption for adoptive parents. This covers reimbursement of adoption expenses such as CARA registration, child placement, foster care and establishment of legal guardianship. This AAP has come into effect from December 2019.
In addition to that, PayPal offers paid adoption leave of 16 weeks for female employees and paternity leave of 2 weeks. The move is a part of PayPal’s endeavor to ensure a work-life balance for employees keeping in mind the evolving family dynamics and work culture. This leave must be used in one block and cannot be carried forward or accumulated. Any unused adoption leave will lapse, the release added..
An employee who intends to take adoption leave is requested to give two months’ prior notice to his/her manager and the Human Resources Department.
“At PayPal, fostering an open, diverse and innovation-driven culture is essential for our employees to be at their creative best. As part of this effort, we have enhanced our parental support benefits for adoptive parents so they have constant support throughout the process and can truly embrace their journey of parenthood,” said Jayanthi Vaidyanathan, Senior Director, Human Resources, PayPal.
Parents can also avail counselling assistance or tips on parenting from PayPal’s Employee Assistance Program.
Other parental support programmes include:
- IVF/Infertility treatment coverage under medical insurance
- Maternity expenses coverage under medical insurance
- Maternity leave (26 weeks), paternity leave (2 weeks), extended maternity and paternity leaves (need-based)
- Childcare@PayPal, where children can be enrolled in a near-site daycare or reimburse daycare expenses up to Rs 10k per month
