Skip to main content

What does paternity leave have to do with a company’s success?

Companies in Latin America cannot find the human talent they’re looking for. An international survey of 41,000 companies found that more than 60% of employers in countries like Brazil and Peru have problems filling vacancies. In Costa Rica, more than 45% of the companies surveyed are dealing with this—they simply cannot find the right people.

What does paternity leave have to do with a company’s success?

[caption id="attachment_5636" align="alignnone" width="735"]Paternity leave, father daughter More than 60% of employers in Brazil and Peru have problems filling vacancies. Paternity leave can contribute to fixing this.[/caption]

These recruitment challenges mean that retaining employees has become a priority for the private sector, even more so in the hotel industry, where schedules are tough and workdays are long.

In order for hotels to operate effectively, they need staff members specializing in technical areas, in management, and in sales. But such professionals can be difficult to identify and attract in a country like Costa Rica, and keeping them is extremely important for a company’s productivity and financial success.

Marriott Costa Rica has taken an important step in meeting this challenge, having recently obtained a gender equality certification, EDGE, that served as a starting point for introducing new staff policies. The EDGE (Economic Dividends for Gender Equality) methodology uses a business-driven approach to assess a company’s talent pool, policies and corporate culture, helping create a more balanced workforce through equal pay for equivalent work, recruitment and flexible working. As a result of the certification process, Marriott Costa Rica became one of the first private businesses in the country to offer paid paternity leave.

Although government employees in Costa Rica get up to five days of paid paternity leave, private-sector workers do not, and whether or not paternity leave is provided is up to each individual company.

[caption id="attachment_5704" align="alignleft" width="484"]marriott-5980 Marriott Costa Rica became one of the first private businesses in the country to offer paid paternity leave.[/caption]

Why did Marriott Costa Rica decide to support new fathers?

According to Xenia Parra, Marriott Costa Rica’s human resources manager, paternity leave and other similar measures can be very beneficial for companies. Marriott analyzed the associated costs and concluded that offering five days of paid leave would significantly increase the loyalty of its male employees.

“When we looked at the possibility of offering paternity leave, we realized that the economic impact for Marriott was quite low,” she said.

The hotel chain offers three days of paid leave for fathers with newborns, as well as two days of leave they can take during the two months following the birth. Before this policy was adopted, fathers could request unpaid leave. According to Parra, “the problem with that was the employee didn’t get paid right when he most needed the money.”

Work-life balance

The benefit of these policies for Marriott Costa Rica was that they offered a way to promote a balance between work life and personal life. It is also one of the measures that is most effective at increasing gender equality in the workplace, since it enables fathers to get involved with family responsibilities from the very start. Mothers, on the other hand, enjoy the advantage of more experience and opportunities for promotion thanks to their quicker return to work.

“Thanks to this leave, Marriott is earning the loyalty and commitment of its staff,” said Luis Bolaños, Marriott Costa Rica’s procurement director and the first employee to use the leave after the birth of his twins. For Bolaños, sharing time with his children from the start has a special value. “Marriott recognizes that for its employees, family is the most important thing.”

Along with introducing paternity leave, Marriott Costa Rica is providing training to its managers and employees on gender bias. The hotel company has become aware of the medium- and long-term benefits of these measures and just completed the second of three levels for the EDGE certification.

Xenia Parra, the human resources manager, is convinced that Marriott is on its way to continue being successful in Costa Rica. “In addition to creating an equitable work environment, equal opportunities for men and women contributes to improving companies’ financial results. We will continue to pursue these efforts throughout our operations.”

[caption id="attachment_5714" align="alignleft" width="960"] Marriott Costa Rica obtained an EDGE gender equality certification, a starting point for introducing new staff policies such as paternity leave.[/caption]

Authors

Sanola Daley

Sanola Daley trabaja en la Corporación Internacional Financiera (IFC). Anteriormente, se desempeñó como Especialista Senior de Liderazgo y Desarrollo del Banco Interamericano de Desarrollo. También trabajó como oficial de gestión de inversiones para productos y servicios no financieros de BID Invest. Sanola se enfocaba principalmente en desarrollar productos y programas para apoyar a los clientes de BID Invest y para potenciar el empoderamiento económico de la mujer y la igualdad de género en las estrategias y operaciones del sector privado. Oriunda de Jamaica, ha vivido en Nueva York, Puerto Rico y Costa Rica.

Jimena Serrano

Jimena Serrano is a gender, diversity and inclusion officer in the IDB Invest Advisory Services team in Washington DC. Since 2015, she has advised IDB Invest clients in promoting practices to ensure equal access to opportunities for men and women in the business world, including leadership positions, value chains, and strategies to meet the needs of underrepresented groups as a market opportunity. She has designed gender programs tied to results in the context of blended finance and was one of the leaders in the design of a business tool based on the Women's Empowerment Principles (known as the WEP tool). Before her arrival at IDB Invest, Jimena worked in the public policy consulting area of ​​The Economist Intelligence Unit; she was also part of the core team that prepared the Report on the Full Participation of Women and Girls for the Gates Foundation and the Clinton Foundation. She is a lawyer from the Universidad de Los Andes in Colombia and has a master's degree in international economics from Johns Hopkins University School of Advanced International Studies (SAIS).

Financial Institutions

Related Posts

  • Business professionals seated around a conference table during a meeting, with one participant reviewing information on a tablet while others applaud, in a modern office setting with glass walls and colleagues working in the background.
    Governance and Succession: Securing the Future of Mexico’s Nonbank Financial Institutions

    IDB Invest study: key findings and a roadmap to strengthen governance and CEO and senior management succession planning in nonbank financial institutions (NBFIs).

  • The image shows a waterfront scene with calm water in the foreground and a row of colorful buildings along the shore in the background.
    Facing the Storm: How IDB Invest Supports Caribbean Private Sector Resilience

    IDB Invest is partnering with the Green Climate Fund to help Caribbean businesses better withstand future climate shocks through blended finance and technical assistance.

  • FINNLAC optimezed pic_0.jpg
    Reimagining the Future of Finance in Latin America and the Caribbean

    At the FinnLAC Forum 2025 in Miami, the IDB Group hosted over 500 industry leaders and experts to help redefine the future of finance in Latin America and the Caribbean. The event focused on improving the ability of individuals and companies to better manage their finances, withstand economic shocks, and invest in their long-term prosperity. By highlighting innovations that broaden access, strengthen resilience, and promote overall financial health, the forum set the stage for more sustainable financial systems across the region.