The 50 Best Places to Work For New Dads 2018: PayPal
Our list of 50 Best Places to Work For New Dads in 2018 recognizes companies with exceptional paternity leave and benefits programs.
Fatherly’s annual “50 Best Places to Work for New Dads” ranking is a celebration of corporations committed to helping men manage their dual roles as providers and caregivers. Though only one company can be ranked number one, every company featured has provided real support for working parents with exceptional and thoughtful offerings.
2017 Rank: 31Full-Time Employees: 18,700Median Salary: N/A
Based in the heart of Silicon Valley, PayPal’s team of corporate engineers operate a worldwide open digital payments platform, allowing vendors and individuals to pay and get paid. Earlier this year eBay, which bought PayPal in 2002 and spun it off in 2015, announced that PayPal will cease processing its credit card payments as of 2020, although it will remain an option for shoppers on eBay. Until then (and perhaps long after) PayPal will continue to offer a competitive 8-week parental leave program for its 18,700 employees.
Although PayPal does not offer on-site childcare in the U.S. it does provide flex time for busy parents, as well as 10 days of backup childcare support per year, in case of emergencies. The company also offers the innovative MilkStork program, which lets mothers ship their breastmilk home at no cost, and provides hospital-grade breast pumps in dedicated nursing rooms. They’ve also made strides in helping employees become pregnant in the first place, with a new surrogacy program that provides up to $10,000 for expenses.
Fatherly’s 2018 rankings are based on a scoring metric inclusive of data related to company policies on the following issues: paid parent leave, ramp-back time, flextime, onsite childcare, childcare subsidies, backup childcare, number of sick days, support groups, fertility aid, adoption aid, student loan assistance, education funding, bereavement leave, elder care planning. Length of paid leave, onsite childcare, and ramp-back time were the most heavily weighted ranking factors.
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