Leave of absence request form (Image: iStock)

It may not always be top of the HR list of priorities but outdated leave management policies can add up, a new study shows. NFP, a benefits consultant firm, says that lack of coordination of maternity leave offerings with short-term disability, and state provided medical leave benefits leaves money on the table. Procedures and policies are key elements to the process whether companies are using a third-party administrator or have dedicated benefits specialists to handle leave administration.

“Despite efforts to ensure compliance, many employers are finding it a challenge to create comprehensive leave policies. Hybrid, remote and dispersed workforces have only added to the challenges,” says Maria Trapenasso, Human Capital Solutions national practice leader, NFP. “With HR leaders taking on more and more within their organizations, it can be difficult to stay on top of regulatory complexities, avoid missed financial opportunities, and provide the support employees need. Our Leave Benchmarking Study is designed to start conversations with these leaders and work toward enhancements that can make a meaningful difference for their people and ultimately the overall performance of their organizations.”

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