Paid Maternity Leave Would Help

“If there was one thing I could do to help women advance in business, it would be for the US to have a mandated paid maternity leave. We are the only developed country in the world that does not. It's effing nuts.” -Sally Krawcheck ⁦@Ellevest⁩

Via:

The Fed, an Interview With Sallie Krawcheck, and Stocks We’re Watching

We are one of two countries in the world that do not. That's effing, effing nuts, and just sort of cruel, quite honestly. We're the richest country in the world. We say we love mothers. We say we want the economy to grow. And yet we have no mandated paid family leave. No wonder we've seen a decline in the percent of women in the workforce over the past few decades, which hurts our economy, keeps us below the growth rate that we could achieve. All for the view that this is some unbearable expense, that we will have women out of the office for X number of weeks when they have babies. But wait, there's research from KPMG that shows that a family leave policy, specifically a maternity leave policy, pays for itself within a year, because if you're giving a break to people when they have a newborn at home or a family event, they are more likely to return to work and, therefore the company doesn't have to pay to replace them and pay to train their replacement.It's not an expense. It's an investment. Businesspeople, we would invest in anything that would pay back in a year all day long. Not even think about it. All day long. And yet, as a country, we have not managed to raise awareness of this issue or affect this change, which is just crazy to me. It's just crazy.

- Sally Krawcheck

Benefits:

Keeps families economically self sufficient

Leave improves productivity

and more...

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