Corp Crunch

Working parents, rejoice! A new study by Just Capital has identified the top companies offering the most comprehensive support systems for working moms and dads. Leading the pack are financial giants Goldman Sachs and American Express, alongside Deckers Outdoor, S&P Global, and Splunk.

So, what sets these companies apart? According to Just Capital's research, all five prioritize parental leave by offering a minimum of 20 weeks of paid leave for both primary and secondary caregivers. This benefit goes beyond the national standard and allows parents valuable time to bond with their newborns or newly adopted children without financial worry.

"The pandemic highlighted the struggles of working parents, especially mothers who shoulder a disproportionate share of childcare responsibilities," said Katie Omens, Managing Director of Corporate Engagement at Just Capital. "Paid parental leave is a crucial element in supporting working families, and these companies are leading by example."

But generous leave policies aren't the only perk. The top-ranked companies also offer parental leave parity, ensuring equal benefits for all caregivers regardless of gender or family structure. Additionally, they provide backup subsidized dependent care, a lifesaver for parents facing unexpected childcare disruptions.

This recognition is a significant win for Goldman Sachs and American Express, solidifying their reputations as employers who prioritize work-life balance for their employees with families. It also sends a strong message to the broader business community about the importance of investing in parental support programs.

The study's findings are a welcome update for working parents seeking employers who understand the challenges of juggling career and family. With companies like Goldman Sachs and American Express leading the way, hopefully, more businesses will follow suit, creating a more supportive and equitable workplace environment for all.