Mercy offers paid parental leave to 40,000 co-workersStaff Writer | June 12, 2018
Two weeks of paid parental leave are now available to nearly 40,000 Mercy co-workers across Arkansas, Kansas, Missouri and Oklahoma.
Parenting 54 percent of Mercy’s nursing workforce is under age 40
For Mercy, it’s a significant commitment. With 54 percent of Mercy’s nursing workforce under age 40, compared with an industry average of 37 percent, Mercy has a higher ratio of employees at the prime age for having children.
In 2017 alone, nearly 1,000 Mercy co-workers gave birth. Although the Family and Medical Leave Act (FMLA) requires all large employers to provide 12 weeks of unpaid leave, the U.S. has no law requiring paid leave.
In addition to paid parental leave, Mercy is piloting a program to provide child and elder care assistance.
Mercy also recently rolled out a program for co-workers to refinance student loans, as well as share the benefit with family and friends.
One co-worker refinanced a $314,244 loan, the largest submitted to date, and will likely save almost $80,000 over the life of the loan. ■