The U.S. stands alone among high-income nations, lacking a mandatory paid parental leave policy, making it critical for organizations to reevaluate their policies to attract talent.
Employee turnover can be a significant financial burden, costing companies between six to nine months of an employee's salary, emphasizing the need for supportive parental leave.
The best parental leave policies provide flexibility, accommodating new parents' needs while maintaining productivity. Flexibly phased back-to-work options are particularly favored.
Companies like Ally Financial exemplify effective parental leave by offering a generous 14 weeks off with flexible scheduling, allowing employees to ease back into work.
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