Finance Monthly. 42 Business & Economy found saying childcare benefits are among the second most important reasons for them staying with their current employer. What’s more, many parents have cited their family duties as one of the top five reasons for leaving their jobs, while nonparent workers cited family care as number 18. Company executives, employers, and managers are now being urged to weigh in on the matter as employees, and more so, working parents call for more progressive and forward-thinking benefits and policies. How can companies respond? Like many other employees, working parents are stressed about a great deal of work and family-related matters. While it’s not always as easy as changing a few rules or introducing a new set of policies and benefits, companies will need to respond if they’re hoping to hold onto talented workers. Provide flexibility and autonomy The shift from in-office to remote work helped many employees enjoy a greater deal of autonomy, and also see better schedule flexibility. For both nonparent and parent employees, remote working, perhaps even hybrid working models, gave them more time in their day to complete projects, attend to work-related matters, and also have more freedom to serve their families. What’s more, remote employees were found to be at least 13% more productive compared to their in-office colleagues according to a Stanford study. It’s hard to conclude whether remote workers, even perhaps, remote-working parents are more productive when working away from the office. Around half of the parents surveyed in the KinderCare report were found saying flexible working schedules or hybrid roles are their ideal scenarios, an increase of around 5% from 2021. Remote workers are also shown to have higher levels of job satisfaction and overall happiness according to a recent study. Research found that remote workers are about 20% happier in their current jobs compared to their in-office colleagues. It’s not an easy call to make, and for employers that are hoping to hold onto their current employees, as the labor market continues to be an arduous battle, and workplace trends rip through the job market - working parents will need to be offered a flexible opportunity to prove their abilities both in the workplace and at home. Support working mothers It’s no secret that women still face a greater deal of challenges in the workplace compared to their male peers. The number of women in leadership roles, those considered managerial, and executive of C-Suite positions has steadily increased over the years but is 13% Remote employees were found to be at least more productive compared to their in-office colleagues. 1/3 of all mothers either left or scaled back work since the start of the COVID-19 pandemic in March 2020 18% of surveyed parents were found saying childcare benefits are among the second most important reasons for them staying with their current employer.
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