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Leave Management

Leave management is a broad category encompassing paid voluntary leave such as paid time off (PTO),  vacation or sick leave; disability and absence programs like short-term disability; and other leave categories including parental and bereavement leave.

Paid leave is consistently one of the highest benefit expenses for employers.  The average cost of paid leave is $4.20 per hour worked (8.6% of total compensation) for U.S. private industry employers with more than 500 employees.  In comparison, insurance benefits (including health, life, short-term disability and long-term disability insurance) averaged $4.62 per hour worked (9.5% of total compensation) and retirement and savings averaged $2.94 per hour worked (6.0% of total compensation).1

While leave may seem like a costly perk for employers, the benefits of well-managed leave programs often outweigh the expense through positive impacts on performance, employee health and well-being, talent acquisition, retention and absence management.

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Featured Resources

Leave Management Toolkit Trends & Solutions in Leave Management: What Employers Need to Know 
This toolkit shares the associated costs and value of leave, an overview of leave programs and business considerations and current trends and innovative practices in leave management.

Empowering Parents TD Bank’s Parental Leave Success Empowering Parents TD Bank’s Parental Leave Success
This webinar presentation features how TD Bank built the business case for parental leave, developed a generous, inclusive policy, engaged multiple stakeholders throughout the process and successfully rolled out its new benefit to employees..

State and Local Mandated Paid Sick Leave ToolState and Local Mandated Paid Sick Leave Tool
The tool allows you to choose the applicable localities in which you have employees and produces a custom chart that includes the detailed requirements for each state/locality and identifies standard requirements across the laws/ordinances of interest to aid companies in creating standardized sick leave benefits across all relevant jurisdictions (with caveats noted).

 

 

Also of Interest

Mandated Paid Sick Leave and Parental/Family Leave: What Employers Ought to Know
The Business Group reviewed federal, state and local paid sick leave laws and highlighted state and local paid parental and family leave laws.

Family Medical Leave Act (FMLA) / Paid Leave Policy
Policy information on FMLA and Paid Leave.

Caregiving
Business Group resources on Caregiving

Blog Post: "Paid Leave Is Worth Every Penny" according to Blackstone CEO
Blackstone offers not 6 but 16 weeks of paid maternity leave as well as paternity leave, adoption leave, phase-back to work, caregiving and other benefits

Chart: State and Local Wage Replacement Laws for Parental and Family Leave
A regularly updated chart tracking State and local laws on paid parental and family leave.

Plan Design Network Discussion
Network and exchange information on designing leave and absence management programs.

Institute on Health, Productivity and Human Capital
The Institute develops and shares solutions aimed at improving employee health and productivity.

Blog Post: State and Local Governments Enact Paid Leave Mandates
Mandates require employers to provide paid sick and parental/family leave.

 

Also of Interest


1 Department of Labor Bureau of Labor Statistics. Employer Costs for Employee Compensation -- June 2017

 

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