Infographic – Some employers are quietly cutting paid parental leave — should yours?

Over the last decade, paid parental leave went from a perk to a standard — offered by just 25% of employers in 2015 to nearly 75% today. But recently, some high-profile companies have reversed course, trimming or eliminating their policies as benefit budgets come under pressure.

Before you put paid parental leave on the chopping block, do you actually know what it’s costing you — and what cutting it will really save? The math may surprise you. In many states, your employer benefit is simply topping up a mandated state paid family leave program — meaning cuts only reduce the top-up, not the base. And the indirect costs of cutting — lost trust, disengagement, and turnover — are real, even if they don’t show up on a spreadsheet.

Paid parental leave is no longer a differentiator — it’s an expectation. The decision to reduce it deserves more than a line-item review, explore our four things to consider before your organization takes action.

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Employee Benefit News (EBN) is the primary media resource for decision makers in the worlds of employee benefits, human resources and workplace culture. As the dynamics of these spaces continue to shift and become increasingly complex, EBN delivers expert insights to allow business leaders to navigate their industries with agility. From helping benefits managers meet the challenges of reducing care costs and improving retirement plans to providing HR leaders with guidance on building a talented and diverse workforce, EBN drives the conversation and delivers the research and analysis to help readers support their companies’ objectives.

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