The Great Resignation: Offer Perks That Retain Top Talent
We’re in the midst of “The Great Resignation.” The latest stats show that four million people quit their jobs in April, per CNBC’s Make It. And, as the outlet also reports, it’s because workers feel that they can find better jobs—either ones more specifically suited to their skills or those that offer an increase in pay and benefits.
When you’re thinking about how your company can either keep its talent or attract the talent out there right now, you’ll want to keep in mind all the extra benefits that you can offer.
And it helps to cater some of those extras to provide benefits that offer support at home. When it comes to working parents or adults in caregiver roles, these individuals are looking for a balance between home and work life. They’re searching for jobs that acknowledge their role at home while also respecting that they’re top-notch workers, too. In other words, they don’t want to have to choose.
This commitment to outside roles is a boon for employers. As organizational psychologist Adam Grant, a professor at The Wharton School at The University of Pennsylvania, notes on IG, family is not a distraction from work, as “people with multiple commitments are more absorbed in their work. Outside responsibilities can motivate us to stay focused.”
You can support working parents with perks like Helpr, which offers benefit pages for employees to offer affordable (and sometimes no-cost), in-home care for adults or children. Here’s what it can do for your company:
Keep Female Talent
After having a baby, the return to work can look bleak, with sub-par pumping rooms, inflexible schedules, and a crazy rush to get home to spend a small amount of time with baby. The imbalance leads almost half of highly qualified women to leave work after having a baby. The bright news? The majority of those women say they’d be able to stay if they just had more help. This support, however, applies to #allfamilies—not just mom.
Save Work Days
Helpr allows employees to save up to 60% on hourly care costs and can be used by working parents 24/7 when they need last-minute backup care. (Often, employer help can take down copays on care to as low as $0 for parents.) We’re talking the times when the nanny is sick, surprise snow days, or spring break—all unanticipated times when the kids need to stay home and mom/dad would otherwise be forced to take a day off to care for them.
Also consider that Helpr can be used to find care in other situations, like during work conferences or travel. In short, with care support, parents can choose both work and family.
Employers that have happy employees also know that offering a benefit like Helpr is about more than just saving a productive work day or providing backup care so that their worker can, well, do more work. It allows parents to pursue the personal passions that act as self-care so that they can build a full life. Ultimately, this reduces the risk of burnout and can lead to healthier, happier employees. For example, parents can use Helpr to book a sitter for date night or schedule a two-hour block to go get a haircut or head off to a nail appointment, or head to the gym. All acts that seem small, but make a big difference in stress levels day-to-day.
The burnout problem is hitting its peak. According to a recent Monster.com survey, 95% of workers are thinking about quitting their jobs—most notably because of burnout. Companies lose as much as 213% of annual salary for senior leadership when those employees quit. Providing support to employees and encouraging their outside pursuits can go a long way to retaining your top talent.
Come Up With A Care Plan
For parents who are trying to figure out their own care situation, Helpr can also provide 1:1 consulting through Helpr’s Core Care employee benefit, to help parents determine what their best daycare or nanny options are, taking into consideration factors like an employee’s work schedule, plus in-home, daycare, or extracurricular activities—a tough puzzle for families to figure out on their own.