With unemployment at its lowest in 50 years, extending paid time off (PTO) for family caregiving is one way that HR professionals are revamping rewards packages outside of wage increases. A new study highlights the advantages of family PTO for employees and employers, and it’s a lesson the federal government and cutting-edge companies are taking to heart as they increase family PTO benefits.
Retaining New Mothers
U.S. states that have implemented paid leave policies found a 20 percent reduction in the number of women leaving their jobs in the first year after giving birth—and up to a 50 percent reduction after five years—according to a study for the March of Dimes Center for Social Science Research. The study, conducted by the nonprofit…
Credit to Stephen Miller, CEBS for the original post.