Businesses Support Passage of Paid Family Leave in NY
Point to Positive Impact on State’s Economy
New York, NY (April 1, 2016)—Today, business owners and leaders applauded the passage of paid leave for New York State. The plan provides all private sector workers a benefit currently available to only about 12% of workers in the state and will cost employers nothing, since it is funded entirely by small deductions from employees’ paychecks. The business owners and leaders say the benefit will lead to growth for the state’s economy.
David Bolotsky, CEO of UncommonGoods based in Brooklyn, said, “It’s gratifying to see New York pass Paid Family Leave legislation. It will make our state an even better place to work, raise a family and care for ailing relatives. And it will be good for business too – allowing productive workers to balance their work and family commitments during times of need.”
"We are very happy that paid leave is now the law of the land for New York State,” said Greta Twombly, Campaigns Manager for the American Sustainable Business Council, which has a member network spanning more than 200,000 businesses nationally. “Many of our New York members like EILEEN FISHER, UncommonGoods, and Manufacture NY, already provide paid leave because they know it is the smart business decision. Paid leave will help businesses across the state retain more loyal, more efficient employees, boosting productivity and bottom lines. When businesses succeed the whole economy succeeds. Paid leave is an important step towards a high road economy."
"By passing a paid family leave program, our state leaders have made NYS a more attractive place to do business," said Laura Ornstein, Coordinator of the New York State Sustainable Business Council. "Business owners understand that treating employees well is good for the financial bottom line. Paid family leave will cut costs by reducing turnover and boosting job loyalty and productivity since employees will no longer be forced to choose between losing pay or quitting their job to care for a sick family member or showing up to work distracted by their worry for a loved one.
The American Sustainable Business Council www.asbcouncil.org advocates for policy change and informs business owners and the public about the need and opportunities for building a vibrant, sustainable economy. Through its national member network it represents more than 200,000 businesses and more than 325,000 entrepreneurs, executives, managers and investors.