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In this video, Josh, founder of HR University, explains bereavement leave, which is designed to provide employees time away from work following the death of a loved one. This period allows employees to manage related tasks, such as contacting family and arranging services, while also enabling them to process their grief. Many businesses offer a specified amount of paid bereavement leave, but not all do, making it crucial for companies without a formal policy to consider implementing one. The video outlines the meaning of bereavement leave and discusses current developments affecting policies and qualifications related to it.