will be one of the Labor government’s key economic reforms, according to Prime Minister Anthony Albanese, who made the announcement on Saturday.reduce the cost of childcare and extend and reconfigure its paid parental leave schemesKPMG is one of the companies with the most generous parental leave policies in Australia. Employee Toby Schulze took six months off work to spend with his son, Archer.In any case, employers are increasingly taking matters into their own hands.
A peculiar byproduct of this arrangement means that a father who is otherwise eligible to receive the payment will be unable to access it if the mother fails the income test. This means that if the mother earns above $156,647 a year the household will be blocked from accessing the payments, regardless of how little the father earns, which acts as another disincentive against dads using the scheme.
Fifty-five per cent offered the benefit to both women and men, and 5 per cent offered it to women only.WGEA head of research Janin Bredehoeft said employers were increasingly realising that offering paid parental leave was an effective way of attracting and retaining staff. Indeed’s Asia-Pacific economist Callam Pickering said Australian employers had to find new ways to stand out in a jobs market wracked by labour shortages.“It’s coincided with a period where flexible work and work-life balance has been at the forefront of many employee’s minds.
Mr Pickering said Australia ranked 29th out of 38 economically advanced countries for the length of paid parental leave offered to primary caregivers in 2021. The average length among OECD countries was
Some compensation for kids spending the next three to four years in childcare as parents are urged return to work to pay for this and “free” childcare…