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In this video, Josh, founder of HR University and a Certified HR Professional, explains bereavement leave and the circumstances that warrant it. He discusses the significant impact of losing a loved one, which creates a need for time off to manage grief and important tasks like coordinating services and informing family. While many businesses offer a designated amount of paid bereavement leave, not all do, so it's crucial to implement a formal policy if one doesn't exist. The video aims to clarify what bereavement leave entails and how recent developments are influencing policies and eligibility.