Companies commonly cite five benefits as reasons for and outcomes of PFML implementation:
Providing employees with Paid Leave during pivotal times of change – either positive or negative – in their lives can result in significant benefits for employers.
Offering PFML can result in significantly improved retention of employees who might have otherwise left the organization due to competing parenting or medical demands. This not only increases talent in the organization but also reduces turnover costs.
Offering enhanced employee benefits, particularly PFML, can attract more talented individuals to apply to your company as well as make talented offerees more likely to accept your company’s job offers.
Implementing a PFML policy signals your corporate values, both to employees and to the market. This creates goodwill among employees across diverse groups and can elevate your company’s reputation and brand with the public.
Knowing their employer cares about them can inspire employees to go the extra mile at work, resulting in better productivity and business outcomes.
Recent announcements of new PFML policies have been met with significant positive press coverage that celebrates these companies. This suggests companies implementing PFML may receive external recognition and a resultant boost in reputation.