Results of a new survey show a “direct correlation between family-care benefits and workplace performance, as well as employee recruitment and retention,” says Donna Levin, cofounder and vice president of Care.com Global Workplace Solutions, the survey sponsor.
The Care.com Workplace Solutions Better Benefits Survey indicates that the lack of support or added benefits that relate to families decrease overall work performance and wind up impacting companies in the way of lost productivity.
The largest part of today’s workforce is composed of Millennials (age 18 to 34), who represented 90% of new mothers in 2014. It may be important for employers to re-think the way they support working parents.
How do family/lifestyle benefits impact employee productivity and the bottom line?
Of respondents, 35% think a lack of benefits related to family assistance has negatively impacted their work performance. This rises to 41% of those with children.
Also, 90% of employees have left work due to family responsibilities, with 39% indicating they did so “frequently” and 47% choosing “occasionally/often.”
How are work hours affected by family-care needs?
Survey results show 30% of respondents have cut back more than 6 hours per week due to family responsibilities, while 11% of employees have cut back more than 10 hours per week.
Which family/lifestyle benefits would boost employee work performance?
When asked which family-assistance benefits would most improve their ability to do their job well, workers chose these top five responses:
- Backup child care,
- Discounted care/reimbursement for care,
- Help hiring a housekeeper,
- Help finding reliable child care, and
- Long-term or tailored senior-care planning.
Some of these may seem out of the question to employers and understandably so. Therefore much of the workforce has turned to flexible work schedules, such as work from home benefits or job sharing.
Interestingly, respondents indicated they feel working fathers and employees caring for elderly loved ones are least supported by employer benefits. It’s important to remember that many families are not only responsible for their children, but also their aging parents.
And one in five respondents said they believe their employer offers fewer such benefits than other companies. Offering benefits such as backup child-care, senior care, work from home options, you not only increase productivity, but decrease absenteeism on the job.
For a summary of survey results concerning employee retention and family-care benefits, “Family/lifestyle benefits make greatest impact on Millennial retention, says new survey.”