Many well-known companies are making headlines for pushing—and in some cases mandating—a return to the office. While C-suite leaders at these companies may cite a lack of collaboration, camaraderie, and even productivity, employees have made it loud and clear that they value flexible work.
In fact, a Deloitte survey found 94% of workers said they would benefit from workplace flexibility, with the top gains being less stress, improved mental health, and better integration of work and personal life.
Working parents and caregivers are at the front of the line when it comes to needing better integration of work and home life.
Research from McKinsey & Company found that parents were more likely to have left their jobs since the start of the pandemic than their nonparent colleagues, and women with children were significantly more likely than men to leave their jobs.
At the end of 2022, the U.S. labor force reported the loss of more than one million women from the workforce since February 2020.
While the pandemic may be behind us, the need for workplace flexibility is still very real.
In 2022, working parents dealt with an unprecedented formula shortage along with record inflation that increased the cost of everything—food, diapers, gas, and childcare. Then, the fall and winter brought a “tri-demic” of RSV, COVID-19, and the flu. The outbreak was so severe that the Children’s Hospital Association and the American Academy of Pediatrics called on the federal government to declare a state of emergency.
This rollercoaster over the last three years has left caregivers of all ages, from young kids to elderly parents, feeling burned out and worrying what’s next.
What working parents and caregivers need is some extra help holding down the fort while holding down their jobs.
Providing latitude in working arrangements is a great starting point for employers, along with a reevaluation of their benefits offerings, including childcare, mental health, dependent care, and financial wellness programs. In fact, 75% of employees think more choices in benefits would reduce their stress and improve their financial wellness.
Work-life balance will never be perfect for working parents, but employers play a large role in helping to make it better. Not only is flexibility foremost to achieving improved employee wellness for caregivers, but from a benefits perspective, it’s one of the cheapest benefits employers can offer—especially when stacked against the rising cost of healthcare.
An invigorating communication strategy can help close the gaps for employees, connecting them directly to their benefits and other resources.