What: Neiman Marcus Group announced that as of Jan. 1, 2022, employees have been offered 16 weeks of paid leave for anyone welcoming a child, including via adoption, surrogacy, or foster care, and up to 24 weeks of paid maternity leave for birthing mothers. And as of Aug. 1, 2022, the new policy will also provide two weeks of paid leave to care for a child, spouse, partner, parent or other family member defined by the Family Medical Leave Act.

Why it is important: In the current labor market, businesses are searching for ways to attract and retain workers. Employers are developing enticements beyond wage hikes, which is now only one factor for people considering where to work.

Neiman Marcus is also offering those employed for at least 1 year USD 3,000 towards adoption to ease costs like placement, legal, or medical expenses.

As store associates and warehouse employees don’t have the luxury of working from home, retailers are offering other incentives such as tuition assistance and better leave benefits.

Neiman Marcus Group expands paid parental leave