Bank of America has extended available paid leave time to its maternity, paternity and adoption policy. Adding four weeks of available parental leave for full- and part-time employees who have been with the bank at least a year, increasing total leave time to sixteen weeks.
Bank of America regularly reviews its leave policies, taking into consideration what other companies do. Facebook recently upped its offering to four months, Netflix offers a whopping year! Rival JPMorgan Chase & Co., the largest U.S. bank by assets, announced in January the same leave increase from 12 to 16 weeks.