Yum! Brands, KFC, Pizza Hut and Taco Bell Expand Parental Time-Off Policy and Family Benefits for U.S. Corporate Employees
February 27, 2017
Louisville, KY, February 27, 2017 – Yum! Brands (NYSE: YUM) today announced an expanded parental time-off policy as part of the Company’s ongoing commitment to its people-first culture and investment in its employees. The expanded parental time-off policy offers birth mothers 18 weeks of fully paid time away from work, including six weeks of “baby bonding” time. In addition, the policy offers six weeks of fully paid “baby bonding” time away from work to fathers, partners, adoptive and foster parents.
Yum! Brands, KFC, Pizza Hut and Taco Bell employees at its U.S. headquarters in Louisville, Plano, Texas, and Irvine, Calif., as well as other above restaurant leaders across the country who are employed by the company can take advantage of the policy effective immediately.
“As we transform Yum! Brands into a more growth-focused brand builder and global franchisor, investing in our unrivaled culture while engaging and attracting talent is a top priority,” said Tracy Skeans, Chief Transformation and People Officer, Yum! Brands. “This expanded parental time off and baby bonding benefit builds on our strong legacy of investing in our people and culture to fuel great results and continuously providing meaningful ways to help our employees be and contribute their best at work and at home.”
In addition to the expanded parental time-off policy, Yum! Brands recently started offering increased flexibility to corporate employees with year-round half-day Fridays and a minimum of four weeks paid vacation plus two additional bonus weeks in an employee’s 10th, 20th or 30th year of service. The Company also offers a range of other benefits to support working parents and families including 24/7, 365-day access to a doctor through Teladoc, financial support for adoption services and infertility treatments, autism support services, daycare facilities and a host of wellness programs.
About Yum! Brands, Inc.
Yum! Brands, Inc., based in Louisville, Kentucky, has over 43,500 restaurants in more than 135 countries and territories and is one of the Aon Hewitt Top Companies for Leaders in North America. The company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in international retail development.