The number of employees taking medical leave has increased by 5% in the past four years, while the duration of those leaves has jumped 44%. That's according to Sparrow, provider of an end-to-end leave-management solution to help employers assist their employees during major life events.
Citing data from "The State of Employee Leave: Sparrow's Annual Benchmark Report," Samarth Keshava, the company's co-founder and chief technical officer, recently told BenefitsPRO why it's more important than ever for bosses to provide leave.
"Over the last few years, Sparrow has seen a steady increase in medical leaves. Within our customer base, we also see various trends," he says. "For example, larger companies [with more than 1,000 employees] tend to have a higher medical leave rate. That also means that the increase in medical leaves is not spread evenly across companies, and some employers can be affected disproportionately by this trend."
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