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In this video, Josh, founder of HR University, explains bereavement leave, which allows employees time off to grieve and manage issues related to the death of a loved one. He highlights the emotional and logistical challenges that arise, such as contacting family and arranging services, which necessitate time away from work. While many businesses offer paid bereavement leave, not all do, so it's important to consider establishing a formal policy. The video also covers the meaning of bereavement leave and discusses how current developments impact related policies and qualifications.