If you are like many employers, you recognize the benefits of outsourcing leave management, but want to know how it could impact your company’s bottom line.
Our Absence Management Savings Calculator can help you review the costs associated with managing leaves based on providing the information requested below. We’ve started the process for you by filling in some of the fields. You can tailor the information based on your company and experience with leave management.
If you would like to make an adjustment or input another scenario:
For more information and to review your options, visit:
This tool is for illustrative purposes only. This information is not intended as financial advice and should not be relied upon as the only source of information. Results are based on certain assumptions and industry data. Actual results will vary and are not guaranteed. For more information about the sources of data used with this tool,.
Guardian® is a registered service mark of The Guardian Life Insurance Company of America.
© Copyright 2021. The Guardian Life Insurance Company of America, New York, NY
Average Annual Salary: 2020 Department of Labor
Average Incidence Rate: 2020 Disability Management Employer Coalition
Average FML Rate: 2020 Disability Management Employer Coalition Whitepaper
Average HR Salary: 2020 salary.com
Average FML Leave Duration: Integrated Benefits Institute, 2019
Average Legal & Compliance Expenses: EEOC
Average Litigation Expenses: Department of Labor
Average Improved Incidence Rates: 2021 Guardian Absence Management Redefined Study
Average Improved Approval Rates: 2021 Guardian Absence Management Redefined Study