Newsflash: Dayforce and JUST Capital Launch Paid Leave Toolkit

Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, and JUST Capital, an independent nonprofit that seeks to build an economy that works for all Americans, released a new toolkit for companies seeking to implement effective paid leave policies to better support their employees as parents, spouses, and caretakers. 

Strong paid leave policies have been shown to help organizations improve talent recruitment, retention, productivity, morale, and reduce absenteeism. In the midst of back-to-school season and associated caregiving responsibilities, JUST Capital’s A Guide for Corporate Leaders on Paid Leave Policies, developed in partnership with Dayforce, provides actionable insights to businesses for the following categories of paid leave: paid time off (PTO), paid sick leave, paid parental leave, paid family and medical leave, and dependent care.

Informed by years of data collection, extensive research, and input from subject-matter experts, JUST’s toolkit offers the following insights from disclosures of companies within the Russell 1000:

• The type, frequency, and length of paid leave policies
• Industry-specific insights and trends 
• Leading paid leave practices and how to implement them 

Key findings from the toolkit include:

• Continued gains for paid parental leave, sick leave, and PTO: Out of the Russell 1000 companies assessed that disclose such information, the frequency and strength of paid leave policies continues to grow and improve.
  • They provide an average of 11 weeks of paid parental leave to primary caregivers and 8 weeks to secondary caregivers.
  • They most frequently offer between 15 and 19 days of PTO. 
  • They most frequently offer 10 days of paid sick leave. 
• Parental leave parity is on the rise: Providing parity in paid parental leave to primary and secondary caregivers has risen significantly over the past few years. Out of the Russell 1000 companies assessed that disclose this information, offering parity has risen from just 11.5% in 2020 to over 30%.
• Unlimited paid leave policies have increased: Although still rare, unlimited paid leave policies have become much more common. Since 2020, the number of companies that offer them increased by 58% for PTO and 67% for sick leave.  
• Dependent care policies are still limited: Nearly one-third (32%) of companies have some form of dependent care policies, with 10% providing both subsidized and backup dependent care. 
• Gaps persist in workers’ access to medical and family leave: Of the 100 largest companies in the Russell 1000, 53% offer paid family and/or medical leave, with the majority disclosing only paid medical leave.  

“At Dayforce, we believe every employee deserves the opportunity to realize their potential and enjoy happy, healthy, and productive lives,” says Jason Rahlan, Vice President of Corporate Responsibility & Sustainability, Dayforce, Inc. “We’re committed to making work life better, and this report quantifies how effective care policies are good for people and good for business through improved talent attraction and retention, productivity, morale, and absenteeism. It’s the right thing to do for people and the smart thing to do for businesses.” 

“Industry leaders are not falling for the false binary between shareholder value and stakeholder value. Instead, they are pulling ahead by prioritizing policies like paid leave, which reflect the priorities of the American public and boost their bottom line,” says Tolu Lawrence, Chief Impact Officer at JUST Capital. “We are proud to partner with Dayforce on this guide to provide companies with an actionable roadmap so more can strategically invest in their workforce and drive enduring business value.” 

A Guide for Corporate Leaders on Paid Leave Policies is the second report published in Dayforce’s new WorkWell research series, which seeks to help organizations empower their people through providing solutions in four key areas of human capital management: pay, leave, retirement, and scheduling. 

Additional information: 

• Read the blog – New research: How does your organization stack up on paid leave? 

Methodology: Every year, JUST Capital undertakes a rigorous, multi-step process to identify and define the most pressing business issues for the American public, analyzing their perceptions and understanding the scope of these issues. Drawing on available research, in-house expertise, and input from external subject matter experts, JUST Capital translates these insights into quantifiable metrics. These metrics inform JUST Capital’s annual Rankings of America’s Most JUST Companies and underpin the analysis presented in this toolkit. Full details can be found in the report here.  

About Dayforce    
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, payroll, talent, workforce management, and benefits equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable for organizations of all sizes and industries, visit dayforce.com.   

JUST Capital 
JUST Capital is an independent 501(c)3 nonprofit organization on a mission to demonstrate that just business is better business. We envision a world where business and markets are a force for the greater good. We believe by shifting the resources of the $19 trillion private sector, we can address systemic issues at scale. Guided by the public’s priorities, our research, rankings, indexes, and data-driven tools measure and improve corporate performance in the stakeholder economy. We are committed to the integrity of our corporate performance research; it is not affiliated with or influenced by any entity, corporation, corporate interest, or political group. *Editor’s Note: Dayforce, Inc. is a financial supporter of JUST Capital and this “Guide for Corporate Leaders on Paid Leave Policies.” This content reflects independent analysis by JUST Capital’s research and rankings team. 

Media Contact   
Allison Hacker  
+1 425-785-8276   
allison.hacker@dayforce.com