Benefits of Skin to Skin

Regulates breathing (no your baby does not need to be immediately suctioned)
Stabilizes heart rate
Increases temperature stability (no your baby does not need to be taken away to be put in a warmer)
Decreased cortisol levels for you and for baby
More rapid weight gain of your baby
Less caloric expenditures (babies naturally lose some weight while there is still colostrum)
Longer periods of sleep (who does not want that?)
More successful breastfeeding sessions
Increased breastfeeding duration

Not breastfeeding? Do S2S anyway!

Honestly your titties should be out constantly for at least the first 4-6 weeks of babies life with baby just in a diaper and a blanket over the both of you.

It can also be performed by a partner or other support person/family members.