Panorama is studying how U.S. employers understand the impact of their paid family and medical leave (PFML) programs. While some findings have been shared on the impacts businesses have seen after adopting PFML programs, a thorough analysis of the costs and returns of a policy does not exist. In the absence of this information, stakeholders are left with an incomplete picture of the investment required to implement and manage a paid leave program, as well as the potential returns that it offers.
To help companies understand the impact of their policies, Panorama has created a draft framework that outlines the costs (inputs) and benefits (outputs) associated with paid family and medical leave. We believe this to be a starting point from which companies can better understand, evaluate, and measure the impact of their policies to make strategic decisions for both their workforce and their bottom lines. To that end, we are currently workshopping our approach with business leaders and plan to release our final framework in fall 2018.