Costs Quote by Tom Perez
“Companies are recognizing that paid leave reduces training and turnover costs, that it's a formula for recruiting and retaining good workers.”
About This Quote
Paid leave lowers expenses by reducing onboarding time and employee churn, while boosting attraction and retention of talent.
In simple terms: Paid leave cuts costs and improves hiring.
Key Takeaway
Invest in leave to save money and keep staff.
Themes
employee retention
cost efficiency
talent acquisition
work-life balance
human resources
Mood
pragmatic
optimistic
Type
policy statement
business insight
When to use this quote
- HR policy design
- budget planning
- recruitment strategy
Key Concepts
financial impact
organizational culture
Practical Applications
- HR budgeting
- employee benefits design
Questions to Reflect On
- How does paid leave affect long‑term productivity?
- What metrics best capture its ROI?
