Paid leave not only benefits working families, but also the businesses that employ them. But don’t just take our word for it, check out what these six business owners had to say about the benefits of paid leave:
1. Jennifer Kimmich, owner of the Alchemist Cannery, a brewery in Vermont
2. Tony Sandkamp, owner of Sandkamp Woodworks in Jersey City, New Jersey, a small business that makes handcrafted cabinetry and furniture
4. Molly Moon Neitzel, owner and CEO of Molly Moon’s Homemade Ice Cream, a company comprised of six ice cream shops in Seattle serving homemade, locally sourced ice cream
5. Vittorio Colao, CEO of Vodafone
Greater productivity. Safer workplaces. These are just some of the many benefits paid leave has provided for businesses, big and small. But the truth is not only in the words, but numbers as well. A survey of 253 employers in California found that over 90 percent reported the state’s mandatory paid family leave as having either positive or no noticeable effects on profitability, turnover and morale. Additionally, workers across the nation who have access to paid sick time are over a quarter less likely to suffer a non-fatal injury on the job, resulting in lower health care and employer costs. This is a clear win-win situation for employers and employees.
This isn't just a matter of doing the right thing— offering paid leave is also a sensible strategy for reversing the decline in labor force participation, something that's critical to sustained economic growth and shared prosperity. It’s possible to have thriving businesses and flexible workplaces – the two aren't mutually exclusive but mutually reinforcing. For the good of our families and the strength of our economy, it’s time to lead on leave.