You've Evaluated the Expected Benefits and Costs of PFML...What Next?

Many companies find it helpful to compare their anticipated benefits and costs side-by-side to understand the potential impact of offering PFML, even if it does not provide an exact numerical cost-benefit analysis.

Steps in Evaluating the Business Case

1. Summarize your findings

• Gather expected business benefits (See "Evaluate the Business Benefits")
• Gather estimated program costs (See "Estimate the Potential Costs")
• Compare the benefits and costs side-by-side: If helpful, download and fill in the cost-benefit worksheet below

2. Examine different PFML policy options

• Consider if adjustments to your proposed PFML policy could increase the business benefits or lower the costs
• Test multiple alternative scenarios to evaluate your company's options (See "Estimate the Potential Costs" for a sample, preliminary PFML labor costs calculator.)

3. Finalize your recommendation

• Could/should your company offer PFML to U.S. employees?
• If yes, what will the parameters of that policy be?
• If no, why not? What would have to change for your organization to offer PFML in the future?