The Business Case for Family-Friendly

Employees today are juggling various aspects of their lives, from personal commitments to family responsibilities, all while striving to excel at work. Forward-thinking employers recognize the importance of creating family-friendly workplaces, not only to attract and retain top talent but also to meet the expectations of the evolving workforce. Businesses of all sizes and industries can take steps to cultivate a family-friendly culture. We invite human resource professionals, business owners, and leaders to consider completing the Family-Friendly Workplace Assessment as a starting point to enhance their organizations' appeal to employees seeking a supportive work environment. 

 

Family-friendly workplaces have a competitive advantage. With the majority of today's workers prioritizing work-life balance and family support, businesses must adapt to maintain their competitive edge. Offering family-friendly benefits not only fosters employee loyalty and productivity but also delivers real advantages such as reduced healthcare costs and enhanced retention rates. 86% of US millennials, now a significant portion of the workforce, prefer employers offering paid parental leave, indicating a strong link between family-friendly policies and employee satisfaction. Studies suggest that up to 5 million additional workers would enter the US labor force if more businesses provided family-friendly benefits like paid parental leave and access to child care solutions. Highlighting the significance of this trend, a recent 2022 study revealed that nearly half of job departures were attributed to a lack of adequate child care benefits and child care challenges. The economic impact of this issue is substantial, with Missouri alone experiencing a staggering $1.35 billion loss in economic revenue, as reported by the Missouri Chamber of Commerce in 2021. Embracing family-friendly workplace practices is not only about fostering a supportive culture but also about realizing cost savings for employers and the community in the long run. Key elements of a family-friendly workplace typically include policies related to: 

 

Perhaps you are ready to take the next step in creating a family-friendly workplace. Let's connect and explore tailored solutions that align with your business needs. Reach out to us at concierge@mochildcareawre.org.

Together, we can foster a workplace culture that supports both employees and business success.