Riding the ups and downs of economic trends is nothing new to People Teams. In good times and bad times, it always seems to be that they’re asked to do more with less and yet still they persevere because their people depend on it. Identifying opportunities to have a positive on profit hasn’t always been historically easy, but with a leave of absence management solution like TIlt’s it’s now simpler than ever to demonstrate to your organization that your team can be a source of cost savings and positive cash flow.
How do leave management solutions save you money?
Being a good steward of your budget is important for every department, so when pointing the microscope inward as a People Ops pro, auditing your existing processes to identify compliance risks, outdated platforms and processes, payroll inaccuracies, and causes for turnover is critical for identifying ways to sustainably save some green. When evaluating the way you manage your leaves of absence, all three of these come into play.
Saving money by staying complaint: From confirming and informing employees about their FMLA eligibility to managers (knowingly or unknowingly) breaking the law in the way they manage their employee’s leave, there are countless landmines an organization needs to be aware of and execute on to stay compliant with leave laws across the country. Did you know the average cost to defend one FMLA lawsuit is $78,000? If you’re found guilty of wrongdoing your organization could face upwards of $450,000 in damages.
Tilt automates the FMLA eligibility process for your employees and educates both the employees and their managers on their rights and responsibilities as it pertains to leaves. Our platform is informed by our in-house leave law experts who ensure that your organization has the tools, and your employees the guidance, to stay compliant throughout the leave journey.
Do away with outdated platforms and processes: Have you ever thought to yourself, “Why are we paying for this platform when the platform doesn’t deliver the way you need it to?” You aren’t alone. When it comes to LOA management, carriers just can’t cut it because of the many solutions they provide, leave is a platform afterthought. On top of that, they don’t provide the compliance confidence that comes with in-house leave law experts or 1-to-1 empathetic human support. Similarly, most vendors still leave you questioning if your employees are getting the support they need, if they can scale as you grow, and if you’re being exposed to risk.
Having one solution like Tilt to manage all aspects of a leave, including payroll, while giving you the peace of mind that your employees are being taken care of by some of the most empathetic humans you’ll ever meet not only saves you time, but it also saves you money. Say goodbye to lighting cash on fire with solutions that don’t deliver.
A good leave leads to happy employees: We don’t need to tell you how much energy goes into finding a great candidate and getting them onboarded. It’s a lot, and that energy is rarely cheap. Having a bad leave of absence experience increases the likelihood of your employees feeling like they aren’t really cared about when life requires support from their employer. We know some of you reading this know someone who has had a bad leave experience (perhaps this has happened to you yourself) and oftentimes it creates a broken bride that can’t be repaired.
Tilt’s easy-to-use personalized leave plans and Leave Success Managers (AKA our Empathy Warriors) provide the support and personal touch necessary for a successful leave every time. Not only are your employees more likely to return to work after their leave (not always a guarantee if mishandled) they’ll also return more engaged and ready to produce greatness once again. Save time and money on recruitment and onboarding by delivering a seamless LOA experience.
How payroll plays a role: With Tilt’s automated payroll adjustments, you can rest easy knowing that you’re not navigating overpayments or discrepancies with your employee’s pay. TIlt gives platform access to your payroll teams so they can see exactly how much they’re getting paid and from where. It looks something like this:
With Tilt managing your leaves of absence, saving time and money by having accurate pay calculations has never been easier.
How do leave management solutions make you money?
Saving money is one thing, and a great thing at that, but with Tilt’s simple and scalable approach to applying for State benefits programs, you can also make sure your organization can confidently collect on government cash that’s available to them.
Tilt walks your employees through every step of the process all the way up until filing themselves (if you’re looking for a solution that files forms on behalf of your employees, we suggest looking more into the risks of that here). Even still, we know that applying for state benefits might raise some questions, so if they come up our 1-1 LSM has you covered. As one of our customers puts it:
“If an employee comes to us and they say “oh my gosh, what do I do here? I got this paperwork and I need to work with the government, but I’m not sure what to do.” I can just say ‘Talk to Sabrina.’ We just pass it along to Tilt and we have no hesitation in doing so.” Chelsea Leppo – Sauce Labs
Some organizations don’t ask their employees to file for state benefits because they cover them 100%, which is commendable to be sure, but if you’re working for an organization that is doing this you’re potentially leaving a tremendous amount of money on the table that could be going into your organization.
How much? Well, the numbers change based on the state and the benefits program, and they update all the time (oh yeah, we stay on top of all these changes for you as well), but for example, the California Paid Family Leave program could allow your company to cash in on upwards of $1,540…per week…per employee on leave.
With Tilt, we make it easy for your people to take advantage of this windfall so that you don’t even have to worry about it. Your leadership team will thank you!
Shake your money maker with Tilt
Leveraging a solution like Tilt for your leave of absence needs makes your organization beaucoup bucks by trimming the fat off your tech stack, streamlining processes, reducing turnover costs and increasing employee engagement, reducing payroll mishaps, and keeping you and your people compliant. We do this with endless empathy and a simply elegant platform backed by humans hellbent on making leave not suck.
About Tilt
Tilt is leading the charge in all things leave of absence management through easy-to-use tech and human touch. Since 2017, our proprietary platform and Empathy Warriors have been helping customers make leave not suck by eliminating administrative burdens, keeping companies compliant, and providing a truly positive and supportive leave of absence experience for their people.
