Life happens, and when it does, you want to make sure that you’re prepared. This is a sentiment that all employees share, and it’s more than possible to help them ensure that they’re covered during times of crisis and need. After all, when your employees are happy, you’re happy.
One such benefit that all employees should be extended is paid family leave. But what exactly is paid family leave, and why is it crucial for every organization to offer? Let’s take a closer look at paid family leave and give you the insight you need to understand why you should provide it to your workforce immediately.
What Is Paid Family Leave?
Family emergencies can be distressing and costly, requiring employees to take weeks or months off at a time in order to tend to the emergency at hand.
Unfortunately, it’s not uncommon for employees to have to choose between their financial stability as well as job security and taking care of their loved ones. This is where paid family leave comes in.
Paid family leave supports employees financially as they take needed time off, and it also offers essential benefits like job protection, defense against discrimination and retaliation, and continued health insurance benefits. Paid family leave often covers situations such as:
- Spending time and bonding with a newborn or an adopted child or a foster child.
- Taking time off to care for a loved one who is severely ill.
- Assisting loved ones when someone is deployed for military service.
Put simply, paid family leave gives employees peace of mind knowing they can take time off to care for loved ones without the risk of loss of employment, income, or benefits.
Why Should You Offer Paid Family Leave?
There are many benefits to offering paid family leave to your employees. Some of the most notable benefits include:
- Cultivating a positive company image and culture that demonstrates you care for and fully support your employees.
- Improving your talent acquisition strategy and reducing employee churn.
- Helps create more satisfied productive employees.
It’s a competitive job market, and making the decision to offer paid family leave as an employee benefit is one that’s certain to pay off. But with all this in mind, where do you begin when you want to make paid family leave a part of the employee benefits package?
Margolis & Associates Is Here to Help You Navigate Employee Benefits Packages
Regardless of whether you’re searching for Suffolk County employee benefits assistance or Westchester County employee benefits assistance, Margolis & Associates is ready to help you find the most cost-effective insurance benefits package that supports you and your employees. With over 50 years of experience offering personalized service to hundreds of clients just like you, we understand the market and what you’re looking for when you’re shopping around for employee benefits.
Discover the next steps and get employee benefits that satisfy everyone by getting in touch with us today!