Big Businesses Have It Wrong: Family Leave Is an Investment, Not an Expense

Sallie Krawcheck, CEO of Ellevest, breaks down why big businesses have it wrong when it comes to family leave.
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Do big businesses have it wrong when it comes to family leave?

Sallie Krawcheck, CEO of Ellevest, thinks so. 

"First of all, are we so mean a country that only we in Papua, New Guinea don't have mandated family leaves. Or the richest country in the history of the world and we can't give working women...Women who work outside the home...A little break when they have a baby? That's how mean we are," Krawcheck said. 

"Well, it gets meaner. Because we talk about the family leave as being an expense. It's an investment. And there's research by KPMG that points to that investment pays off for itself in less than a year," she continued. "When I was running big businesses, if you came to me with an investment that paid off in less than a year, we did it every time. We got rid of other investments too, every time. How can it pay for itself in a year?"

Krawcheck also discussed the importance of mentors and sponsors. 

Watch the full interview here

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