New Report Shows Paid Parental Leave Can Save Government Money in Turnover Costs

From Press Release:
The federal government could save an estimated $50 million in recruitment and retention costs by putting in place a paid parental leave benefit, according to new research by the Institute for Women’s Policy Research (IWPR). The report, and its conclusion, was presented today at a Capitol Hill briefing co-hosted by the National Treasury Employees Union (NTEU).

“NTEU has long believed that commonsense benefits which assist employees in balancing competing work and home responsibilities help agencies hold on to talented workers,” said NTEU President Colleen M. Kelley. “This report shows that is true, with an added benefit of saving the government money.”

The IWPR report calculates that an additional 2,650 employees would remain with the government each year, if this benefit were in place. That would save $50 million in recruitment and retention costs, according to the report.

Source: IWPR via NTEU

Download full pdf report | Link to online press release