AUSTIN, Texas--(BUSINESS WIRE)--CSID, a leading provider of global identity protection and fraud detection technologies for businesses, their employees, and consumers, today announced the company is implementing a new parental leave policy for 2016 for its male and female employees that includes 12 weeks of 100% paid time off (PTO) with the flexibility to distribute the leave over a six-month time period as best suits their families and careers.
The policy was developed to reflect the evolving modern landscape of parenting, encouraging employees to spend more time with their newborn or newly-adopted children and potentially combine their leave with that of their co-parent, easing the transition back to work and allowing new parents to spend more time at home with their new addition to the family.
“At CSID, we’ve always believed that the happiness and personal fulfillment of each and every one of our employees is directly related to our company success, and strived to create an environment reflective of our core values,” said President and Co-Founder, Joe Ross. “We’re glad that technology industry behemoths like Facebook have brought parental leave to the forefront of the benefits conversation and more in line with the modern family. We want to demonstrate that mid-size companies are also capable of offering these types of policies for their employees. We believe we are one of only two companies in Austin offering parental leave at this level.”
Under the Family and Medical Leave Act (FMLA), companies with more than 50 employees are required to provide 12 weeks of job-protected leave for family and medical reasons with continuation of group health insurance, but there are no requirements for employers to provide paid leave during this period.
“Research has continued to show the benefits of paid parental leave – including the psychological well-being of new parents and also the probability that they will return to work,” said Senior Director of Human Resources at CSID, David Darrow. “We’re excited to roll out a policy that we strongly believe will be mutually beneficial for our employees and the company.”
CSID’s parental leave policy joins a host of other competitive benefits, including:
- Flexible, open vacation policy for exempt employees
- Free identity protection coverage
- 401k with generous company match
- On-site gym and bi-weekly on-site yoga classes
- Open office environment that fosters collaboration.
A comprehensive list of benefits can be found at https://www.csid.com/careers/benefits/.
About CSID
CSID is a leading provider of global identity protection and fraud detection technologies for businesses, their employees, and consumers. With CSID’s enterprise-level solutions, businesses can take a proactive approach to protecting the identities of their consumers all around the world. CSID’s comprehensive identity protection services extend beyond credit monitoring to include a full suite of identity monitoring and fraud detection services; identity theft insurance provided under policies issued to CSID; full-service restoration services; and proactive data breach services.