Intel Announces Expanded Paid Leave Benefits
18 December 2019 - 2:00AM
Business Wire
What’s New: Beginning Jan. 1, 2020, Intel is expanding
U.S. paid leave benefits to better support employees during life’s
critical moments. These changes are part of Intel’s holistic,
comprehensive and inclusive benefit offerings.
“When our employees and their families are supported, they
perform at their best. We strive to care for our employees and
their families through every stage of life, whether they are caring
for small children, aging parents or anyone in between. We want our
employees to know we are here to support them through all the
situations they and their families may encounter.”
–Julie Ann Overcash, Intel vice president of Human Resources and
global director of Compensation and Benefits
What Expanded Benefits will Include:
- New paid family leave: Paid leave for up to eight weeks
to care for a seriously ill family member.
- Expanded paid bonding leave: Bonding leave for new
parents expanded from eight to 12 weeks.
- New parent reintegration program: New parents may work a
part-time schedule (up to four weeks) with full-time pay. Parents
who opt-in will also receive a gift in celebration of the event.
Intel will also provide breast milk shipping at no cost.
- Expanded bereavement time: Paid time off for bereavement
expands to up to two weeks.
- Short-term disability coverage: The benefit, which
includes pregnancy, approximates regular pay for up to 52 weeks and
will be provided at no cost.
Why It Matters: These enhancements are part of Intel’s
continued investment in benefits to support employee well-being. By
enhancing its paid leave benefits, Intel allows employees to focus
on their families and loved ones in times of need so they can
return to work with the proper support. This makes Intel a better
place to work for everyone.
About Intel
Intel (NASDAQ: INTC), a leader in the semiconductor industry, is
shaping the data-centric future with computing and communications
technology that is the foundation of the world’s innovations. The
company’s engineering expertise is helping address the world’s
greatest challenges as well as helping secure, power and connect
billions of devices and the infrastructure of the smart, connected
world – from the cloud to the network to the edge and everything in
between. Find more information about Intel at newsroom.intel.com
and intel.com.
© Intel Corporation. Intel, the Intel logo, and other Intel
marks are trademarks of Intel Corporation or its subsidiaries.
Other names and brands may be claimed as the property of
others.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191217005153/en/
Patricia Oliverio-Lauderdale 408-653-5478
patricia.oliverio-lauderdale@intel.com
Intel (NASDAQ:INTC)
Historical Stock Chart
From Apr 2024 to May 2024
Intel (NASDAQ:INTC)
Historical Stock Chart
From May 2023 to May 2024