Reduce preventable turnover
STD policies are not cutting it and still lead to turnover.
STD misaligns cost and risk, and doesn't provide enough pay or time off after the qualifying event, so moms are still more likely to quit. Parento will make your client's existing STD policy more impactful enabling up to 16 weeks of leave for birth, adoption, and foster.
Employees are 20x more likely to have a child than a disability
of women without paid maternity leave quit when they have a child
Decrease in turnover with at least 12 weeks of paid parental leave
It can cost up to 150% of an employee's base salary to replace them