paid parental leave: lessons for silicon valley and beyond · 2018-02-17 · 19 0 50 100 150 200...
TRANSCRIPT
Paid Parental Leave:
Lessons for Silicon
Valley and Beyond
Brian Gifford, Ph.D.
Research Director, IBI
Betty Zong
Research Associate, IBI
2
Today’s Agenda
• About IBI
• What’s driving interest in paid parental
leave?
• Summary of interview findings
• Panel of Silicon Valley employers
• Break-out discussions
• Group reports
3
About IBI
• 501(c)(6) non-profit business association
• Established 1995
• 1,200+ organizational members—90% employers
• Help business leaders to:
• Understand the toll that illness takes on workers’
productivity
• Recognize the competitive advantages of helping
employees get and stay healthy
• Educational activities
2017 IBI Annual Forum
4
• 500+ employers, suppliers, and thought leaders
• Companies present their own health and
productivity success stories
• Networking opportunities
5
Forum Opportunities
• Many employers can attend for free
• Enterprise Health Management &
Performance Award
• 2016 Winner: American Express
• Submit your company’s success story by
February 1st
Jacy Bryla [email protected]
Gia Harris [email protected]
6
About IBI
• 501(c)(6) non-profit business association
• Established 1995
• 1,200+ organizational members – mostly employers
• Help business leaders to:
• Understand the toll that illness takes on workers’ productivity
• Recognize the competitive advantages of helping employees get and stay healthy
• Educational activities
• Research, data, tools
7
IBI’s Content Addresses the Health and
Productivity Spectrum
Simpler Intermediate More complex
What are the
costs of
illness?
What is
driving
costs?
What does
all this mean
for
businesses?
8
Absences and Underperformance on the
Job Cost US Employers $443B Annually
$965
$185
$258
$0
$200
$400
$600
$800
$1,000
$1,200
Healthcare Productivity losses
Bil
lio
ns
OpportunityCosts
Wagereplacements
Source: IBI Full Cost Estimator
9
IBI’s Content Addresses the Health and
Productivity Spectrum
Simpler Intermediate More complex
What are the
costs of
illness?
What is
driving
costs?
What Does
All This
Mean for
Businesses?
10
$38
$9
$28$16
$9
$15
$22
$23
$27
$10
$35
$31
$5$8
$0
$20
$40
$60
$80
$100
Metabolicsyndrome
Depression Heartconditions
Low backpain
Cancer
Th
ou
san
ds
Costs in a 100 person workforce
Presenteeism
Illness absence
Medical treatment
Understand What Impacts Your Business
Source: IBI Chronic Disease Profiles
11
IBI’s Content Addresses the Health and
Productivity Spectrum
Simpler Intermediate More complex
What are the
costs of
illness?
What is
driving
costs?
What does
all this mean
for
businesses?
12
Understanding the Impact of Policy
Decisions
Driving the Conversation from
Costs to Value
13
Feeling well,
ready to
work
Healthy, high-performing
workforce
Business
Output
Business
Performance
On the job,
performing
well
Company
delivers its
products and
services
Company meets
its business
objectives
14
For Every 10 CFOs Who Say Controlling
Costs is the Most Important Benefits Goal
4 say “helping enrollees become healthier, better consumers of care”
4 say “attracting, retaining talent or improving productivity”
1 says “improving customer service or business performance”
9 Other CFOs Report Another Goal as the Most Important
Source: Finding the Value in Health, IBI February 2016
The Past, Present and Future of
Paid Parental Leave
16
U.S. Is Only Developed Nation That Does
Not Guarantee Paid Parental Leave
17Source: National Partnership for Women & Families, National Conference of State Legislatures
Only 12% of U.S. private sector
workers have access to paid family
leave through their employer
Paid Leave Laws in Place Laws Expanding FMLA Pending Paid Leave Proposals
18
19
0
50
100
150
200
250
J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N J M M J S
2009 2010 2011 2012 2013 2014 2015 2016
Mo
nth
ly m
ed
ia m
en
tio
ns
Netflix Adobe, Microsoft. Amazon, Spotify,
Facebook, PayPal
White House Summit on Working Families; EEOC
parity rule
Mark Zuckerberg
BofA, Twitter, Wells Fargo
NY, SF
Yahoo! hires Marissa
Meyer CEO
Lean In; Yahoo!
Federal, State, and
Municipal Events
Private Sector
Events
New Jersey Family
Leave Program
2014-15: Paid Parental Leave Becomes Big News
20
Paid Parental Leave is Now Top
of Mind for HR and Benefits
Teams
Why Now?
21
Why Now?
Social and Economic
Factors Explain Only So
Much
22
0
1
2
3
4
5
6
0
50
100
150
200
250
J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Nas
da
q c
los
ing
pri
ce
(E
OM
)
Th
ou
sa
nd
s
Mo
nth
ly m
ed
ia m
en
tio
ns
Monthly media mentions Nasdaq closing price (EOM)
Booming NASDAQ …
23
2%
3%
4%5%
J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J MM J S
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Monthly media mentions Male Female
Low rates of tech
unemployment …
But not as low as during
the recession
0.0
0.5
1.0
1.5
2.0
2.5
3.0
0
50
100
150
200
250
J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
ST
EM
wo
rkers
in
tech
in
du
str
y
Millio
ns
Mo
nth
ly m
ed
ia m
en
tio
ns
Female Male Monthly media mentions
24
Stable gender imbalance
in STEM/tech …
25
0.0
0.5
1.0
1.5
2.0
2.5
3.0
0
50
100
150
200
250
J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O J A J O
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
ST
EM
wo
rkers
in
tech
in
du
str
y
Millio
ns
Mo
nth
ly m
ed
ia m
en
tio
ns
Females without babies Females with babies Males without babies Males with babies Monthly media mentions
Stable gender imbalance
in STEM/tech …
And relatively few
workers with babies
26
Why Now?
Companies Explain
Their Actions in
Their Own Words
27
First Steps
• In-Depth Interviews
• H.R./Benefits Professionals from
15 High-Tech Firms
• What are their policies?
• What are they trying to accomplish?
• What are the challenges?
• What are the productivity
implications?
28
Typical Leave Policy—Birth Mother
0%
20%
40%
60%
80%
100%
0 4 8 12 16 20 24 28 32 36 40 44 48 52
Am
ou
nt
of
wag
es p
aid
to
em
plo
yee
Weeks with fully paid time off
Disability
plan
63%
Employer
37%
Bondin
g leave
100%
FMLA eligibility runs for
12 weeks
Total leave costs
employer 17% of the
employee's annual
wages
29
0%
20%
40%
60%
80%
100%
0 4 8 12 16 20 24 28 32 36 40 44 48 52
Am
ou
nt
of
wag
es p
aid
to
em
plo
yee
Weeks with fully paid time off
FMLA eligibility runs
for 12 weeks
Total leave costs
employer 12% of the
employee's annual
wages
Typical Leave Policy—All Other Parents
Bond
ing leave
100%
30
How Does Silicon Valley Stack Up?
10
3
6
10
3
6
8
2
5
8
2 2
7
1
33
2 2
13
7 7
Birth mothers New Dads Adoptions
Avg. fully paid weeks off
Finance(25 companies)
Tech—Working Mother 2016 list(6 companies)
Tech—IBI interviews(15 companies)
Source: Working Mother Research Institute; Integrated Benefits Institute
31
Motivations Driving PPL
1. Competing for Talent
• With some skepticism
2. Corporate Social Values
3. Formalizing
Leave Policies
32
Other Important Themes
1. Resolving Tensions between Leave
Policies and Business Needs
2. Challenges with Paid Parental Leave
• Ensuring fairness
• Easing return-to-work
33
Key Lessons for Employers
1. Design the policy for what your business
is trying to accomplish
2. Leverage FMLA and disability
experiences to help maintain
business performance
3. Focus on improving
return-to-work
experiences
34
What’s Next for Paid Parental
Leave?
• How can companies keep up with the local
laws?
• Can family leave really solve the problem of
fairness?
• What are the implications for other
industries?
35
What Are We Missing?
Not a Rhetorical Question …
36
Panel of Experts
• Robin Wilson, Senior Global Leaves &
Workers Compensation Program Manager,
Intuit
• Rosemary Arriada-Keiper, Senior Director of
Global Benefits, Adobe
• Renee Albert, Manager of Benefits,
37
Questions?
Brian Gifford, Ph.D.
Director of Research, IBI
415-222-7217