| Hi John, A breakthrough study demonstrates paid leave offers quantitative, as well qualitative, benefits to businesses, employees and their families. The study found that companies with paid leave programs averaged increases of 4.6% in revenue and 6.8% in profit on a full-time equivalent (FTE) basis. We’ve known that paid leave programs provide strong benefits to employees and family well-being. And now, from Panorama in partnership with ASBC, comes the first-known quantitative study to consider the potential return on investment (ROI) from paid leave programs. “This new research provides evidence that you can offer paid leave to your employees and still run a profitable business,” said Gabrielle Fitzgerald, CEO and Founder of Panorama. “Companies don’t have to choose between supporting their workers and growing their profits. They can do both.” “These findings should help policymakers understand that paid leave is not just a benefit to society, but to businesses’ bottom lines and the economy as a whole,” said David Levine, Co-founder and President of ASBC. “That’s why we need a comprehensive paid leave program offered to every American family, no matter where they work or live.” | |
