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.
About FMLASource®
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.
About ComPsych
ComPsych® Corporation is the world’s largest provider of mental health services and GuidanceResources® for life. Fueled by a commitment to relentless innovation and a comprehensive approach to care, ComPsych provides services to more than 163 million individuals across 200 countries. Under our GuidanceResources® brand, our personalized and fully integrated programs include behavioral health, absence, and wellness journeys, which empower employees to lead healthier and more productive lives, while driving organizational excellence. Visit compsych.com to find out why 40% of the Fortune 500 choose ComPsych for their mental health needs.