Parento

About Parento

ParentoLeave.com is a unique startup that provides paid parental leave insurance to employers, enabling them to support their working parents. The company operates in the insurance and human resources market, serving businesses of all sizes. Parento's comprehensive program aids parents in transitioning to and from leave, offering dedicated re-onboarding and return-to-work plans.

The company's business model is straightforward. It collects non-identifiable employee data from employers to create a custom quote. Once the employer signs up, all full-time employees are automatically enrolled in the program, with no need for opt-in or medical questions. This makes the enrollment process hassle-free for both employers and employees.

Parento's revenue comes from the premiums paid by employers for the parental leave insurance. The company also offers a Leave Concierge service, which is an integrated leave management system for HR and provides proactive parenting support for employees. This service helps HR manage leave and claim processes and guides employees through the process.

The company also works with Short-Term Disability (STD), Paid Family Leave (PFL), and state benefit programs, providing detailed payroll calculations and reconciling payroll to include offsets. Parento's leave experts help employees understand their eligibility for state benefit programs and collect benefit confirmation letters.

In addition, Parento offers emotional support and parent coaching to help employees navigate through various stages of their personal and professional lives. The company prides itself on being compliant with all city, state, and federal requirements, including the Family and Medical Leave Act (FMLA).