Magazine article Independent Banker

How Does the U.S. Stack Up?

Magazine article Independent Banker

How Does the U.S. Stack Up?

Article excerpt

Many countries offer statutory policies to help workers reach a work-life balance. Here's a snapshot.

U.S.

* Parental leave: No national policy, but companies with at least 50 employees are entitled to 12 weeks unpaid leave

* Sick time: No national policy

* Vacation: No minimum paid annual leave

Sweden

* Parental leave: At least 480 total days paid for one or two parents, including 390 days at a set sickness benefit level and another 90 days at a lower rate per day

* Sick time: Employers or the government pay the first 14 sick days based on income or a set cap. After that, the government may pay sickness benefit indefinitely if an employee is unable to work.

* Vacation: 25 paid days for most workers

U.K.

* Parental leave: 52 weeks for mothers, including 39 weeks on an income-based rate. Parents may opt to share 50 weeks of leave and up to 37 weeks of pay. Mothers must take two weeks of leave following the birth, or four if they work in a factory. …

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