Companies are offering parental benefits to attract and retain employees. Number of firms such as Flipkart ,Mondelez India Foods, formerly Cadbury India, Mumbai-based real estate developer K Raheja Corp, App-based fashion retailer Myntra have restructured their parent policies with many innovative additions.
The new parent's policy offer adequate time away from work at six months for new mothers, flexi-work timings, paternity leave for new fathers, and alternative forms of parenthood (adoption, surrogacy). Some companies are providing 'Adoption Assistance Policy' which is a company-sponsored policy that financially assists employees and provides paid leave for the adoption of maximum two children.
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