Microsoft increases paid leave for new parents

1	SAN FRANCISCO - Microsoft says it will offer more paid leave to new parents and increase other benefits for U.S. employees, a day after Netflix announced generous new-parent benefits for its workers.
2	Under its new policy, Microsoft Corp. will increase total paid leave for new mothers to 20 weeks, from a current 12 weeks paid and eight weeks of unpaid leave.
3	New fathers will get 12 paid weeks, instead of four paid and eight unpaid.
4	Microsoft is also increasing its contribution to employees' 401k plans.
5	The move follows Netflix's offer of up to a year of paid parental leave.
6	Many tech companies offer generous benefits as they compete to attract talented engineers and other workers.
7	Netflix has about 2,000 workers, while about half of Microsoft's 110,000 workers are based in the United States.