How Much Does It Cost NOT To Provide Paid Leave?
The Center for Law and Social Policy (CLASP) and the Center for Economic and Policy Research (CEPR) have updated their turnover calculator for employers.In many cases, employers often don't understand just how inefficient employee turnover can be.
Businesses incur costly expenses through the processes of searching for and assimilating their employees into the workforce, not only due to the actual cost of details such as background checks and training, but also due to the loss in productivity while new employees learn their jobs.
Because of this, many businesses have realized that it is in their interest to improve work place conditions and implement worker protections to reduce turnover - protections such as earned sick days and paid family and medical leave.
Still, 39 percent of workers still lack paid sick days while an incredible 87 percent of civilian workers do not have access to paid family leave. Without worker protection, employees can lose their jobs if they take time off in order to recover from illness or care for sick family members.
As the passing of paid sick days laws gains momentum throughout the U.S., thanks in part to employer support, it's important to keep in mind the inclusive benefits of paid family leave. Employees with paid leave are productive and loyal, and therefore will help level the playing field between small and large businesses. Companies will no longer have to continually invest in new employees. And employees will no longer have to choose between their job and taking care of a loved one.
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