Building an Economy that Works for Everyone

Is Family Leave Good for Business?

“When I could help [my co-workers] deal with the challenges that they faced in their lives, not only did I feel good, the business prospered. Productivity was up, turnover was lower, and our customers had a more positive experience,” -Paul Orfalea, Kinko’s founder and Chairperson Emeritus

The research says family-friendly policies help businesses prosper:
Studies have found that when workers have paid family leave, businesses profit from lower turnover and training costs, reduced absenteeism, and higher productivity, loyalty, and morale.

• Economists from the University of California and University of Chicago estimate that employers in California will save $89 million a year in turnover costs when family leave insurance is implemented.

• Business consultant Leigh Branham estimates that hiring and training a new employee costs several thousand dollars for a low skilled employee and tens of thousands for higher level workers.

• Last-minute no-shows are hard on businesses. Policies that allow workers to schedule time off in advance enable the employer to plan for those absences.

• Studies confirm that customers are happier and more likely to continue patronizing a business when served by knowledgeable, satisfied employees.

• Profits go up when workers have paid time off to care for sick family members.

  • Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More To Read

September 24, 2024

Oregon and Washington: Different Tax Codes and Very Different Ballot Fights about Taxes this November

Structural differences in Oregon and Washington’s tax codes create the backdrop for very different conversations about taxes and fairness this fall

September 10, 2024

Big Corporations Merge. Patients Pay The Bill

An old story with predictable results.

September 6, 2024

Tax Loopholes for Big Tech Are Costing Washington Families

Subsidies for big corporations in our tax code come at a cost for college students and their families