Exelon Adopts Industry-Leading Family Leave Benefits for Parents and Caregivers
December 19 2016 - 09:00AM
Business Wire
New policies include up to 16 weeks of paid
leave after the birth of a child, eight weeks following adoption
and two weeks to care for a critically ill family member
In recognition of the challenges many employees face balancing
work and family responsibilities, Exelon has announced expanded
company leave policies that provide additional paid time off to
eligible employees following the birth or adoption of a child or
when a family member is critically ill. The progressive new package
for eligible full-time employees will provide mothers who have
given birth with up to 16 weeks of paid leave. New fathers and
adoptive parents will receive up to eight weeks of paid leave.
Primary caregivers will also be able to take two weeks of paid
leave to care for a family member with a critical health condition.
The new benefits program will be effective on January 1, 2017.
While Exelon already offered a competitive benefits package that
included family leave options, adoption assistance and caregiver
support, the new policies are part of the company’s continuing
effort to identify opportunities to strengthen its employee
programs.
“Exelon’s updated leave policies reflect our position and values
as an innovative, forward-thinking, people-focused organization,”
said Chris Crane, president and CEO of Exelon. “We believe our
employees are the best in the business and we will continue to
invest in programs and policies that enable them to be successful
and that make Exelon their workplace of choice.”
“We are excited to see leading companies, like Exelon, recognize
and take action that supports women, men and families in meaningful
ways,” said Debra Ness, president of the National Partnership for
Women & Families. “As the National Partnership moves forward
with efforts to secure federal legislation that creates a national
paid family and medical leave standard, we will look to companies
that have taken the lead in implementing family-friendly policies
to help us articulate the importance, value and return on
investment of helping families take the time they need when serious
family and medical needs arise.”
The update of Exelon’s family leave benefits closely follows and
aligns with another significant corporate action that supports
working parents and all employees. Earlier in December, Exelon
announced a first-time partnership with the White House as a
signatory to the Equal Pay Pledge, an initiative to encourage major
companies to take action and commit their support to closing the
national gender pay gap. As part of Exelon’s commitment, the
company conducted an organization-wide gender pay analysis of all
occupations and will renew this analysis on an annual basis.
Exelon is committed to implementing programs to attract and
retain the very best talent to continue to drive growth across our
diverse businesses. To learn more about Exelon’s employee benefits
and innovative workplace policies and practices, visit
exeloncorp.com/careers.
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2015 revenue of $34.5 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
32,700 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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Exelon CorporationRhea Lewis Marshall,
202-637-0780rhea.marshall@exeloncorp.com
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