Posts tagged human resources
New BCG Report Shows Why Paid Parental Leave Makes Good Business Sense

We’ve never doubted that paid family leave is good business — but the Boston Consulting Group (BCG) has recently released a report that shows just how good it is.

Like Fairygodboss, where we track which employers are improving their paid leave policies, the BCG team has taken note of this trend. To get a better sense of why companies are moving in this direction, BCG analyzed the policies of more than 250 mid- and large-size companies and spoke to 25 HR leaders at large organizations.

What did they conclude? Employers find that there’s a strong business case for providing paid family leave for a variety of reasons, including improved talent retention and attraction.

The goal of BCG’s report is to make this information more accessible to companies that are considering updating their policies. When the team did case work on paid family leave, oftentimes companies reported that when they looked into restructuring their paid family leave policies, they spent a lot of time just trying to figure out what was going on in the market.

“We wanted to provide a synthesized view of the current state as well as share the learnings we gained from talking to a diverse set of companies about their experience designing and implementing paid leave policies,” says BCG partner Trish Stroman, who co-authored the report (along with Gabrielle Fitzgerald, Wendy Woods, Shalini Unnikrishnan, and Liz Bird).

Read the rest of the article at FairyGodBoss

The Business Case For Paid Family Leave At Your Company

If you’re the head of HR, or in charge of benefits at your company, the topic of paid family leave has probably come up in the past few years. There’s not only a national conversation around the topic, but many employers have been making announcements of improved paid leave policies over the past few years.

While Fairygodboss research higher shows that levels of female job satisfactioncorrelate with longer paid maternity leaves taken, the business case for enhanced parental leave still is not necessarily apparent for some employers. That’s why I loved seeing a new research report published earlier this month by Boston Consulting Group, which found 5 reasons paid family leave can deliver “significant rewards that outweigh the costs”

View the full Forbes article