Paid leave encapsulates several benefits, allowing employees to take a leave of absence for approved reasons. But what do these policies mean for workers and small businesses? Are they affordable, or do they unbearably balloon entrepreneurs’ budgets? Do they contribute to staff well-being and productivity? Read on to learn how paid leave policies can help your business.
What are paid leave policies?
Paid leave policies are regulations that extend job protection and paid time off (PTO) to workers for specific situations, such as illness and family emergencies. Different kinds of paid leave policies exist, including sick leave, family leave and parental leave. The exact provisions of these laws tend to vary widely locally and by state. Here’s a quick look at two of the most common types of paid leave policies.
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