While millions of American workers do not currently have access to paid sick leave, multiple studies show that it provides tangible benefits to companies – reducing absenteeism, the number of employees working while sick, and reducing turnover.
“Enhancing parental leave has a significant impact in terms of improving productivity, retention, and employee morale,” Morgan Stanley’s David Stark tells JUST Capital.
While 41% of companies offer paid parental leave for working dads, they receive, on average, three weeks fewer than mothers.
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