Get All Access for $5/mo

JPMorgan Reportedly Giving 16 Weeks Paid Leave to All New Parents After Settling $5 Million 'Anti Dad' Bias Case The bank faced a lawsuit that said it gave fathers two weeks of paid parental leave and mothers 16 weeks, which it settled in 2019. This policy is another boost in leave at the bank.

By Gabrielle Bienasz Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Bloomberg I Getty Images
JPMorgan Chase offices in the UK.

Every new parent at JPMorgan will get 16 weeks of paid parental leave, according to company documents, Insider reported Friday. The policy reportedly begins in January.

JPMorgan Chase was the subject of what was thought to be a record-breaking lawsuit filed in 2017 on the heels of an Equal Employment Opportunity Commission complaint by Derek Rotondo.

Rotondo filed it after he said he was denied more than two weeks of parental leave and said the company told him only women are considered "primary caregivers" and thus eligible for 16 weeks of paid time off.

The suit contended "that J.P. Morgan discriminates against men by designating biological mothers as the default primary caregivers… while presumptively considering fathers to be non-primary caretakers, who are eligible for just two weeks of paid parental leave," according to The American Civil Liberties Union, which took up the case.

It became a class action suit where other dads at the company said the bank had denied them adequate leave. It settled in June 2019.

The JP parental policy before this newly-reported change is 16 weeks of primary caregiver leave and six weeks for the nonprimary caregiver. It still was gender neutral, which was another condition of the 2019 settlement.

Now, all new parents at the financial giant get paid four months leave. The company says it has over 240,000 employees around the world.

Unequal parental leave likely makes gender inequality worse, research has shown. It can be even more complicated for LGBTQ+ parents.

JPMorgan Chase did not immediately respond to a request for comment.

Gabrielle Bienasz is a staff writer at Entrepreneur. She previously worked at Insider and Inc. Magazine. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick


ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.