For our company, a paid family leave policy makes good business sense. A key factor in our success as a small business is the longevity of relationships and institutional knowledge established with our clients. Any benefit policy that improves employee retention and helps us avoid the costs of employee replacement and retraining only strengthens our success. However, as a small business, our commercial options to cost-effectively provide this leave benefit are limited, and a publicly-administered family and medical leave insurance fund would correct that. In fact, a Small Business Majority poll released in 2017 found that 61 percent of small business owners support paid family and medical benefit programs set up by the state and funded by employer and employee contributions to pay a portion of the employee’s wages for a limited number of weeks. Five states and the District of Columbia have passed laws that provide such a program, and state legislators recently announced that a similar Family and Medical Leave Insurance Bill will soon be introduced in Ohio.
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