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In this video, Josh, founder of HR University and Certified HR Professional, explains bereavement leave, highlighting its significance in allowing employees to take time off work to cope with the death of a loved one. He notes that bereavement leave is essential due to the emotional and practical demands that follow a loss, such as contacting family and arranging services. While many companies offer a specific amount of paid bereavement leave, not all do, and he emphasizes the importance of having a formal policy in place. The video also addresses current developments affecting bereavement leave policies and qualifications, providing a comprehensive overview of the topic.