Here are four compelling reasons why employers should make workplaces more family-friendly.
1. Female workforce participation is good for the economy
Experience shows people perform better at work when they’re not worrying about home.
2. Flexible workplaces reduce staff turnover
Major corporations are increasingly offering flexible working conditions as a way to reduce staff turnover. In 2014, Telstra rolled out its “All Roles Flex” policy. According to a blog post published at the Telstra website titled, ‘Why flexible working is good for business’, company CEO Andrew Penn says that the policy has been“been great for Telstra in terms of diversity, inclusion, employee engagement and attracting and retaining good people.” The policy’s success is illustrated by the fact that since the its launch more women have joined Telstra than left it, reversing a long-term trend.
3. Paid parental leave schemes keep talented parents in the workforce
One way to stop talented staff dropping out of the workforce – or going to work for a competitor – is to support them when they become parents. Netflix made headlines in 2015 with the announcement of its world-leading paid parental leave scheme. The streaming service now offers new parents unlimited leave in the first year after the birth or adoption of a new child.
Tawni Cranz, Netflix’s Chief Talent Officer, explained the surprise move in a blog post. “We want employees to have the flexibility and confidence to balance the needs of their growing families without worrying about work or finances,” she wrote. “Parents can return part-time, full-time, or return and then go back out as needed.”