Paid Maternity Leave Is Worth Every Penny

“…While our [Blackstone]expanded policy is still relatively new, we made the decision based on the knowledge that it would aid our recruiting and retention efforts, cut down on costs associated with employee turnover and, over time, produce a more diverse and loyal workforce – conditions that lead us to be smarter, better investors. Our optimism was grounded in compelling research suggesting that women receiving paid leave are 93% more likely to be in the workforce nine to 12 months after a child’s birth than women without paid leave (Rutgers, 2012), and that companies like ours would be 80% more likely to experience higher morale and 70% more likely to see increased productivity…”

The Wall Street Journal, Letter to the Editor, June 19, 2017

Stephen A. Schwarzman

Founder, Chairman and CEO


New York