As cases of coronavirus rise and states enforce even greater restrictions, nearly half, or 42%, of U.S. households said their income is still below pre-pandemic levels as a direct result of the outbreak, according to a recent report by Bankrate.com.
While half of all households saw their income take a hit at some point during the pandemic, only 1 in 6 said their take home pay has returned to normal, or pre-pandemic, levels, Bankrate found.
Even those that are still employed are likely working fewer hours or with less pay, particularly in hard-hit industries, such as leisure and hospitality, arts and entertainment and retail.
Offering paternity leave is a good way to attract and retain employees.
Only 9% of workplaces in the U.S. offer paid paternity leave to all male employees.
Unlike other wealthy nations, the United States does not have comprehensive mandates for both maternal and paternal paid leave.
This article is for small business owners and HR professionals who are considering a paid paternity leave policy.
As a small business owner, you have the opportunity to make a big difference in your employees lives by allowing them to spend time with their family when they welcome a new child. While offering some form of leave for new mothers is fairly common, U.S. companies rarely offer the same benefit for new fathers. If you re thinking about offering paternity leave, it s important to understand existing laws regarding family leave, the pros and cons of offering paternity leave and how to develop a paternity leave policy.