A new perk in the struggle to hire and retain talent.
Bloomberg News reports that billionaire co-founders Henry Kravis and George Roberts in May extended the company’s leave time for new parents and added a benefit allowing them to bring a new child and caregiver on business trips, paid for by KKR.
It’s the only major private equity firm, and one of the few U.S. companies, to offer the travel policy, according to the Families and Work Institute.
Brittany Bagley, a member of KKR’s technology deals team in Menlo Park, California, was one of the first to take advantage of the firm’s new travel benefit. Many parents face a 'moment of guilt' when they prepare to go back to work after having a child, said Bagley. So when the 32-year-old returned from maternity leave last week and immediately needed to travel, Bagley was relieved to bring her 4-month-old son and a caretaker with her across the country.
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