You want to take care of your great employees when they start a family and other life events. How can you create a competitive paid-leave policy while staying within your tight budget?
A. Remember the Cost Is Worth It
The current United States mandated maternity leave policy is 12 weeks of unpaid leave for mothers of newborn babies. This is significantly less than most other countries in the world in terms of benefits and compensation. Creating a paid-leave policy will be expensive, but if done right, it should pay off in terms of being able to hire and retain the best employees for your company. – Mattan Griffel, One Month
A. Be Smart About Budgeting
The simple answer is budgeting. Set aside a designated amount in the event that an employee will need to take leave due to a major life event. When and if this budget is needed, you won’t have to scramble around because you planned for it. – Travis Smith, V.I.P. Waste Services, LLC
A. Give Unlimited Vacation
Our team at SEE Forge has unlimited vacation and does not track hours, days off, sick days, etc. We believe if people are passionate at what they do, they’ll want to be part of the team and contribute their share. Life happens and everyone needs a break, gets sick, gets married or has a friend or family member pass away. Hire passionate people and let life happen. – James McDonough, SEE Forge creators of FAT FINGER