Bed Bath & Beyond is expanding its benefits package for full- and part-time employees to include paid parental leave, disability benefits and financial relief programs.
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The shift is part of a broader ESG initiative designed to help employees “home happier,” and provide an equitable and inclusive work environment. The benefits were also put in place to help employees weather the challenges of COVID-19.
“As a people-powered organization, our goal is to create an inclusive work environment where everyone feels at home,” Mark Tritton, president and CEO of Bed Bath & Beyond, said in an online announcement.
Through the paid parental leave program, Bed Bath & Beyond will pay their employees in full for up to two months following childbirth, adoption, or welcoming foster children.
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Bed Bath & Beyond’s new short-term disability program was previously funded by their employees on a voluntary basis and will convert to being company-funded. Employees will receive full pay for up to two months and subsequently receive 60% of their pay for up to 26 weeks.
A newly created Associate Relief Fund will support both full- and part-time employees through financial hardships; the company will fund the program with an initial investment and match 50% of all employee donations up to $500,000 through the end of the fiscal year.
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Bed Bath & Beyond is also looking ahead and offering more PTO to help employees reset around the holiday season, and the chain will close all U.S. stores on November 25th for Thanksgiving.
“We’re thrilled to implement these new company-paid programs to support the well-being of our associates and their loved ones,” Lynda Markoe, EVP and Chief People and Culture Officer at Bed Bath & Beyond, said in a press release. “As we look ahead to a ‘new-normal,’ we want our associates to be home, happier.”
