The Paid Leave Project Releases Policy Template for Employers
(7 months ago)
SEATTLE: The Paid Leave Project today released a template to help employers create an effective paid leave policy. The template is a new resource in the Paid Leave Playbook, which helps companies build a business case for offering paid leave to all employees.
The Paid Leave Project's step-by-step Playbook equips companies to design custom paid leave programs that fit their culture and values. It provides comprehensive guidance and tools for human resource (HR) teams, legal and compliance officers, and business leaders who are ready to explore how paid parental, caregiver, and medical leave benefits make sense for their business and employees. The need for a policy template was surfaced through strategic conversations with large employers nationwide.
"Employers are facing new demands of the 21st century workforce," said Angela Romei, director of The Paid Leave Project. "We're finding paid leave to be a major benefit consideration for employees, and employers are working to figure out how to administer and pay for it."
The environment facing U.S. employers is complex. Five states and the District of Columbia have already passed paid leave laws, and more than 18 states are actively discussing the potential for policy. As a result, arming employers with resources to successfully implement or expand their paid leave offerings is becoming critical.
The policy template was created in partnership with Jeff Nowak, partner, Franczek Radelet P.C., and author of the FMLA Insights blog, which provides practical guidance to employers when administering leave under the Family and Medical Leave Act. It is based on research conducted by Panorama and the Boston Consulting Group (BCG) over the past year. In February 2017, BCG and Panorama released Why Paid Family Leave Is Good Business, a summary report from initial research into the paid leave practices of more than 250 U.S. companies. The team also interviewed more than 55 HR and benefits administrators from some of the largest employers in the United States for their detailed experience creating and managing paid leave programs.
Employers can access the new policy template here. The Playbook also offers industry benchmarking and a cost calculator. To address the changing needs of employers, The Paid Leave Project will continue to expand the Playbook to help HR, benefits, and company leaders design custom paid leave programs that fit their culture and values.