New ComPsych® Report: Employee Leaves Surge During COVID-19
CHICAGO – Mar. 29, 2021 – Today, FMLASource® (a ComPsych® company) released its summary report on the effects of the COVID-19 pandemic on employer absence programs. According to FMLASource data, leave usage increased substantially due to new pandemic-related leaves. Organizations with less than 500 employees were the most affected, seeing overall leave usage increase by more than 28%.
“COVID-19 shattered the traditional work environment and created extraordinary challenges for HR departments responsible for managing absence,” said Dr. Richard A. Chaifetz, Founder, Chairman and CEO of ComPsych®. “With continued changes to the federal and state regulations, employers are leaning more and more on the expertise of third party absence solutions to ensure compliance and relieve the administrative burden of day-to-day leave operations.”
Click here to access the summary report.
FMLASource®, Inc. is a ComPsych company and absence management administrator that specializes in reviewing, approving, processing and tracking FMLA and other leave requests with the oversight of expert legal staff. FMLASource® provides leave administration services to more than 4,700 customers covering more than 5.5 million employees throughout the U.S.
ComPsych® Corporation is the world’s largest provider of employee assistance programs (EAP) and is the pioneer and worldwide leader of fully integrated EAP, behavioral health, wellness, work-life, HR, FMLA and absence management services under its GuidanceResources® brand. ComPsych provides services to more than 56,000 organizations covering more than 127 million individuals throughout the U.S. and 190 countries. By creating “Build-to-Suit” programs, ComPsych helps employers attract and retain employees, increase employee productivity and improve overall health and well-being. For more information, visit www.compsych.com.