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JPMorgan Chase bumps up parental leave to 16 weeks

November 18, 2022


JPMorgan Chase broadened its parental leave policy Thursday. The bank, starting Jan. 1, will give 16 weeks of time off to either parent for the birth or adoption of a child, regardless of whom is the primary caregiver, according to a memo seen by Bloomberg.

The “primary caregiver” clarification may come in recognition of a $5 million settlement JPMorgan agreed to pay in 2019 over a discrimination claim an employee filed, asserting the bank’s policy was biased against fathers.

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