However, there's more to this story than we are seeing in the headlines. Yes, the new policies will help tech companies retain highly skilled employees in a competitive job market, and that's an important priority for Netflix, Microsoft, and companies like them. But let's not forget what parental leave is really about: healthier babies, parents who are able to thrive professionally, and strong and resilient families.
I saw only limited coverage—such as this article—that focused on how the new policies will help parents and babies. We can debate about how leave should be structured to maximize its impact, but what's not in question is that when mothers and fathers get paid leave, they benefit, and so do their children.
Paid leave has been linked to higher birth weights and lower rates of infant mortality. Mothers who get paid leave breastfeed more and for longer, which is one of the best ways to protect the health of a newborn. This is to say nothing of the long-term emotional health of both parents and children who are able to form a strong attachment from birth.
The benefits extend beyond newborn health: When fathers take leave, they participate more in early child rearing, and that level of engagement continues after the leave ends. The evidence also shows that mothers who take leave are more likely to get raises in the year following their leave—54 percent more likely.
Netflix and Microsoft made these changes because parental leave is a benefit their employees really want. Parents know intuitively that spending more time with each other and with their newborn is the best thing for their family.
I hope that we see more companies improve their parental leave policies. If that's how businesses start competing for the best employees, society will benefit greatly. When all Americans have the ability to stay home with their new babies without incurring financial hardships or professional disadvantages, our country will be healthier, happier, and more productive. It's a goal we should all be working towards, for the health of our children.
Melinda Gates is co-chair of the Bill & Melinda Gates Foundation. Along with Bill, she shapes and approves the foundation's strategies, reviews results, and sets the overall direction of the organization. Together, they meet with grantees and partners to further the foundation's goal of improving equity in the United States and around the world. Through her work at the foundation over the last fifteen years, Melinda has seen first-hand that empowering women and girls can bring transformational improvements in the health and prosperity of families, communities and societies. In 2012, Melinda spearheaded the London Summit on Family Planning, which adopted the goal of delivering contraceptives to an additional 120 million women in developing countries by 2020. Her work has led her to increasingly focus on gender equity as a path to meaningful change.