This CEO makes the financial case for a paid family leave program
Employee Benefit News
The leading information resource for the ever-changing HR and Benefits marketplace.
PAID FAMILY LEAVE: Without a federal paid family leave program, employers have had to shoulder the administrative and financial burdens of providing paid time off for new parents. Yet employers are often more focused on their immediate bottom line than the long-term benefits an equitable paid leave policy will reap.?
"Employers are generally going to see 40-60% more in cost savings than the cost of a paid parental policy,” says Dirk Doebler , CEO of Parento, a paid family leave management program. Parento works with employers to establish an insurance-based paid parental leave program of up to 16-weeks off at 100% pay, with the hope of reducing turnover costs and preventing lost productivity. Doebler chatted with EBN on the current state of paid family leave and how employers can fill in the gaps.?
‘THE NEW NORMAL’: It's time to nix overused corporate jargon. In order to seem professional in the workplace, corporate America has created its own language of business buzzwords to motivate employees, encourage team building and describe work-specific tasks. Yet employees are getting tired of this "new normal" and no longer want to "think outside the box" in order to do their jobs effectively. A recent survey by language learning app Preply found that 20% of employees dislike corporate jargon, though 70% use these phrases a few times a week to several times per day.?
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MENTAL HEALTH: Employers lose $300 billion annually due to their employees experiencing mental-health-related issues. Losses can be from decreased productivity, absenteeism, medical and disability expenses and employees quitting. Yet non-traditional solutions offered by employers have the potential to change this. Contributor Brad Kirkpatrick shares how virtual solutions can help meet employees where they are, and remove the stress or hassle of finding a provider that's affordable, available and accessible.?
EMPLOYEE BENEFITS: As employers struggle to prioritize new benefits, culture perks and policies, career insights platform Lensa recorded the number of 谷歌 searches for 50 #employeebenefits across the last 12 months. Unsurprisingly, #remotework remains the number one demand from job applicants and employees alike, with nearly 500,000 Google searches this year. For companies that aren't shifting to an entirely WFH model, flexibility is still paramount, with both 4 day work-weeks and hybrid work following closely behind remote work. Check out the full list of top demands:?