Thursday, August 19, 2010

Paid Parental Leave a crucial retention tool

Human Capital Magazine reports today "As the paid parental leave policy debate heats up in the final stage of the Federal election campaign, Hewitt Associates has found 71% of Australian corporate organisations are already offering some form of paid parental leave.

"According to the Hewitt Paid Parental Leave Pulse Survey, conducted in July-August 2010, the majority of corporations recognise the long-term value of offering paid parental leave to primary carers; to support and retain loyal employees, as well as attracting them back to work after leave. However, some are not yet sure how to address this issue." Read more

Mums@work advises clients that it's not just as simple as implementing a paid parental leave scheme to ensure talented staff are retained.

Employers need to support the employee transitioning to and from parental leave by providing a series of initiatives like introducing a simple process to negotiate a viable flexible work arrangement, allowing a gradual return to work over a period of a month and offering return to work toolkits and coaching. For client case studies read on.

Top-line findings on paid parental leave status in corporate sector

71% of corporate organisations offer paid parental leave to the primary carer; 36% are given 12 or more weeks
59% of corporates offer a secondary carer paid parental leave; 37% receive at least a week of paid parental leave
57% of corporates are undecided what changes they will make to paid parental leave.
89% of corporates that offer paid parental leave make no attempt to recover paid funds if the carer does not return to work within the agreed timeframe
* (2008) HRPulse Research Report, Australian Human Resources Institute (AHRI)

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