During the 2016 presidential campaign, both Donald Trump andHillary Clinton pledged their support for more paid family leave.Now big business is countering the calls with a proposal of itsown: Congress should establish a certain optional amount of paidleave and, if companies meet that threshold, they should beprotected from state or local laws that might require more.

The proposal was part of a report released Tuesday by the HRPolicy Association, a coalition of more than 380 major U.S.companies. Together, the group's members employ 9% of America'sprivate-sector workers. Executives on the committee behind thereport represent companies including Marriott International,Procter & Gamble, IBM, Cigna, General Electric, Wendy's, Oracleand General Mills.

The preemptive strike from the business community is also aresponse to the increasing number of states and municipalities thathave taken matters into their own hands, passing local laws thatrequire employers to offer paid time off.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.