Paid Leave Policy Survey

Do your Leave policies reflect current employee needs? Are your policies competitive?
 
A recent survey by NFP has provided a current snapshot of what leave plans employers are offering, such as;

• 53% of employers offer a PTO Plan; 36% still offer a traditional vacation plan
• 52% of employers provide 15 days or more in the first year of employment
• PTO accrual typically starts on hire date
• 61% of employers provide more than five paid sick days per year
• 74% of employers still do not provide family caregiver leave
• Almost 50% offer maternity leave as a stand-alone benefit separate from Short-Term Disability
• Employers are increasing Bereavement leave and expanding the definition of bereavement leave
• Since Juneteenth is now a Federal Holiday, 45% of employers include this day in their holiday schedule

 
Note: Many states have enacted state mandated Paid Sick or Paid Family Leave plans; however Texas does not have any state mandated plans for employee leaves.   The survey included various size employers with the majority in the 1-999 employee range. NFP is a leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor.
 
 The survey may be found at: 
Work, Home, and Life Insurance | NFP