Company Quote by Sallie Krawcheck
“Companies that put a mandated parental leave in place save money in the first year, FIRST YEAR. Because they don't have to hire to replace the woman.”
About This Quote
Source Interview: CNBC, 2023 on corporate benefits
Mandated parental leave reduces short‑term hiring costs because existing staff cover duties.
In simple terms: Paid leave saves money initially.
Key Takeaway
Implement leave policies to cut hiring expenses.
Themes
workplace policy
cost management
family support
Mood
pragmatic
analytical
Type
business
advisory
When to use this quote
- HR planning
- small business budgeting
- employee retention
- budget forecasting
Key Concepts
human resources
economics
gender equity
Questions to Reflect On
- How does paid leave affect long‑term productivity?
- What hidden expenses might arise?
A Different Perspective
May increase other costs like temporary staffing or overtime.
