Deloitte, PwC, EY Take Stock After Parental Leave Expansions

Carolyn O’Boyle, managing director of Deloitte Talent, noticed in 2016 that turnover for employees was significantly higher in the year following a family-related leave. With a workforce spanning four generations, workers at the consulting firm increasingly were facing challenges supporting the well-being of their families, and those challenges manifested in the workplace as higher turnover, lost productivity, and disengaged employees.

That year, Deloitte LLP decided to expand its paid family leave program to better reflect the scope of caregiving needed in families, O’Boyle, who also is chief operating officer of the talent strategy and innovation team, told Bloomberg Law via ...