paid parental leave - apex benefits€¦ · organizations, paid parental leave has quickly become a...

1
Once thought of as a nice-to-have benefit for larger organizations, paid parental leave has quickly become a must-have for employers of all sizes. More of the workforce is demanding it — and the number of Indiana and U.S. employers offering this benefit continues to grow. Adopters of paid parental leave are discovering cost-effective policies that meet specific workforce needs. Request a free custom benchmarking assessment and report. Our financial and healthcare analysts will compare your submitted data against Indiana benchmarks and analyze the results. One of our strategic advisors will follow up with you to present the findings. No fees or commitments required. Email us at [email protected]. For assistance with Paid Parental Leave Policies, contact us at [email protected]. of Indiana companies report offering paid parental leave 29.8% How do you compare? MORE ORGANIZATIONS ARE ADOPTING PAID PARENTAL LEAVE MORE U.S. ORGANIZATIONS OFFERING PAID PARENTAL LEAVE EACH YEAR OF THOSE INDIANA ORGANIZATIONS OFFERING PAID PARENTAL LEAVE, COVERAGES VARY Maternity 26% 35% 21% 29% 20% 28% 13% 21% 6% 12% Paternity Adoption Foster child Surrogacy 2016 2018 317.254.1600 | apexbg.com SOURCES: 2018 Employee Benefits (SHRM); Apex Benefits 2019 Indiana Employee Benefits Benchmarking Study; 4Regus – The Flexible Road to Workforce Productivity; Fox Business – Advantages of Flexible Work Arrangements; Boston College; Center for Work & Family. Retrieved from www.bc.edu of millennial new parents are willing to make a job change based on family benefits offered 83% MILLENNIALS 88% up to 12 weeks 55% up to 2 weeks 88% up to 12 weeks MOMS DADS ADOPTIVE PARENTS WHY OFFER PAID PARENTAL LEAVE? • Increased organizational commitment and engagement • Opportunities for colleagues covering for employees on parental leave to learn new skills • Lower incidence of maternal depression • Reduction in healthcare costs due to higher rates of breastfeeding, which promotes infant health READY TO LEARN MORE?

Upload: others

Post on 19-Jul-2020

4 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: PAID PARENTAL LEAVE - Apex Benefits€¦ · organizations, paid parental leave has quickly become a must-have for employers of all sizes. More of the workforce is demanding it —

Once thought of as a nice-to-have benefit for larger organizations, paid parental leave has quickly become a must-have for employers of all sizes. More of the workforce is demanding it — and the number of Indiana and U.S. employers offering this benefit continues to grow. Adopters of paid parental leave are discovering cost-effective policies that meet specific workforce needs.

Request a free custom benchmarking assessment and report. Our financial and healthcare analysts will compare your submitted data against Indiana benchmarks and analyze the results. One of our strategic advisors will follow up with you to present the findings. No fees or commitments required. Email us at [email protected].

For assistance with Paid Parental Leave Policies, contact us at [email protected].

of Indiana companies report offering paid

parental leave

29.8%

How do you compare?

MORE ORGANIZATIONS ARE ADOPTING

PAID PARENTAL LEAVE

MORE U.S. ORGANIZATIONS OFFERING PAID PARENTAL LEAVE EACH YEAR

OF THOSE INDIANA ORGANIZATIONS OFFERING PAID PARENTAL LEAVE, COVERAGES VARY

Maternity 26%

35%

21%

29%

20%

28%

13%

21%

6%12%

PaternityAdoptionFoster childSurrogacy

2016 2018

317.254.1600 | apexbg.comSOURCES: 2018 Employee Benefits (SHRM); Apex Benefits 2019 Indiana Employee Benefits Benchmarking Study; 4Regus – The Flexible Road to Workforce Productivity; Fox Business – Advantages of Flexible Work

Arrangements; Boston College; Center for Work & Family. Retrieved from www.bc.edu

of millennial new parents are willing to make a job change based on family benefits offered

83%MILLENNIALS

88% up to 12 weeks

55% up to 2 weeks

88% up to 12 weeks

MOMS

DADS

ADOPTIVE PARENTS

WHY OFFER PAID PARENTAL LEAVE? • Increased organizational commitment and

engagement• Opportunities for colleagues covering for

employees on parental leave to learn new skills• Lower incidence of maternal depression• Reduction in healthcare costs due to higher rates

of breastfeeding, which promotes infant health

READY TO LEARN MORE?