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Why Companies Should Value Parental Leave (For Both Men And Women)

Why Companies Should Value Parental Leave (For Both Men And Women)

My recollection of requesting parental leave was nothing short of a nightmare. There were lots of forms and paperwork to go through–not to mention the amount of planning, preparing, budgeting and coordinating efforts for the arrival of a newborn. Plus it is a stressful situation and conversation to have when you approach the company’s Human Resources (HR) department or manager in charge to request parental leave.

Depending on your professional track record, the company you work for and length of time you are requesting, the level of apprehension about requesting a leave of absence naturally skyrockets.

Parental leave is one of the crucial and pivotal moments for practically new or existing parents to deal with. Why? There are layers and layers of complications when it comes to trying to balance family and work life.

When it comes to accommodating paid leave there are a couple of harsh realities hitting the workforce at the present time. According to the Department of Labor (DOL) just 12 percent of United States (U.S) private sector workers have access to paid family leave through the company they are employed.

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Evidently taking time off from work means loss of income. What ends up happening is too many workers cannot afford to be on parental leave and cut it short. So the pressures not only mount at work to make up for lost time, but also disrupts your time with family, which becomes a whole other issue.

Benefits and advantages of paid leave

Once an employee has proven his place and worthiness within a company, independent of size, they should be entitled to parental paid leave. This is not a matter of economics or number of hours he or she has accrued. It is about the well-being of parents and maximizing their living conditions.

This can be done in a number of ways. When we reserve enough resources for a parental leave request through a company you will retain your best and most talented in the company, while at same time eliminate the risk of turnover. According to a CIO Magazine analysis, when companies adopt a parental leave policy the work options for parents lead to higher employee engagement and retention.

In both cases, paid paternity and maternity leave brings with it numerous and favorable payoffs. Below is a list of the positive effects of paid leave asserted by the DOL:

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  • Maternity leave overall improves the child´s health outcomes and increased birthweight.
  • Leave decreases premature birth and decreased infant mortality.
  • Paid leave encourages men to take paternity leave and serve as good caregivers.
  • Paid maternity leave increases work retention and reduces retention.
  • Paid paternity leave encourages men to be better caregivers.

It is essential for the current employee workforce to have the conditions and financial support for parental or maternal leave. This will not only help parents, but companies will reduce expenses for training and hiring new staff. Currently states like Massachusetts, California, New Jersey, Rhode Island, Connecticut and various cities have passed legislation for paid family and medical leave.

Parental paid benefits around the globe

Parental employment benefits outside of the U.S is a different narrative altogether. A visual graphic on Visual.ly paints a picture of the top countries for maternity and paternity leave, including the nations with the least amount of days to take leave.

So who are the countries with the top rank for parental (maternity) leave? They are as follows, including the maximum length of leave (days):

  • Croatia  (406 days)
  • Albania (365 days)
  • Australia (365 days)
  • Bosnia and Herzegovina (365 days)
  • Montenegro (365 days)
  • Serbia (365 days)
  • UK (365 days)
  • Norway (322 days)

On the other hand, here are the 10 worst countries when it comes to maternity leave:

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  • United States (84 days)
  • Lesotho (84 days)
  • Swaziland (84 days)
  • Nepal (84 days)
  • Libyan Arab Jamahiriya (50 days)
  • Qatar (50 days)

The paternity paid leave length for men is far less in comparison. For the top 10 countries for paternity leave you have Iceland (91 days), Norway (70 days), Spain (28), Finland (18 days), Slovenia (15 days), Azerbaijan (14 days) and others.

Momentum has shifted since legislation began promoting and advocating parental leave. Between 1994 and 2013 countries that provided at least 14 weeks of maternity leave increased from 38 to 51 percent. Up until last year, eight countries offer incentives to encourage new fathers to take parental leave.

Takeaways and conclusion

As the 21st century continues to be flooded with innovation and technological tools for the workplace, progress must be made primarily with regards to parental policies before anything else. Legislative action must introduce and approve the ability to really tackle the harsh reality and financial burdens of parental leave. Otherwise you are forcing people to improvise on their own without any sort of support during these important personal events. One natural consequence is this will lead to and perhaps discourage young professionals from starting families.

From coast to coast in the U.S things have begun to change. In a detailed news report by the New York Times corporations are shifting to more family-friendly benefits. For example, companies for Accenture and Microsoft would be implementing generous parental leave rules. The tech streaming giant, Netflix, recently instituted a full paid leave measure for new mothers and fathers for up to 365 days.

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Still there is much work to be done. Drafting company policies tailored towards new parents will strengthen the families, balance work and family life, allow for a full recovery and better control of finances.

Featured photo credit: Winter Day 10 – Seeking balance/lisaclarke via flickr.com

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Anthony Carranza

Multilingual writer and journalist covering all things technology and productivity.

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Last Updated on May 15, 2019

10 Most Successful Entrepreneurs and What We Can Learn from Them

10 Most Successful Entrepreneurs and What We Can Learn from Them

Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Melanie Perkins: Know Your Worth and Keep Trying

    Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

    She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

    Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

    2. Bill Gates: Keep Learning and Exploring

      If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

      Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

      He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

      “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

      Gates’ success is built on self-improvement and the seeds of an idea.

      3. Elon Musk: Never Stop Innovating

        Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

        Elon Musk, however, breaks that rule.

        Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

        When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

        Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

        4. Richard Branson: Develop People First

          British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

          The billionaire is strongly particular about working with a team that shares his core values and aspirations.

          Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

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          A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

          Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

          5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

            Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

            For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

            While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

            While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

            6. Mark Zuckerberg: Start Small, Think Big

              Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

              “The biggest risk is not taking any risk.”

              He’s always daring to explore with a fearless mindset.

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              The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

              However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

              7. Steve Jobs: Live Your Own Dreams

                Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                8. Warren Buffett: Balance is Essential to Success

                  Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                  After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                  With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

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                  9. Jack Ma: Never Give up

                    On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                    Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                    His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                    Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                    10. Tan Min Liang: Passion Can Pay Off

                      Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                      Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                      The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                      So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                      Final Thoughts

                      In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

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                      Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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                      Featured photo credit: Patrick Tomasso via unsplash.com

                      Reference

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