New Study Proves Supporting Working Parents Is Good for Business

ED FRAUENHEIM

Author

CATEGORIES

Categories
The Department of Education (DepEd) has assessed that homeschooling is an education format that isn’t for every Filipino family. As an alternative, they introduced the Learning Continuity Plan (LCP) . This is to address challenges in the basic education and to ensure that students’ learning progresses even amidst the social distancing challenges brought by the pandemic. This would still require learners below the age of 18 to stay at home.
The reality is, parents’ role in their children’s education due to the recent turn of events has been more essential than ever. With children spending more waking hours at home, it is a challenge for Filipino parents to adjust to this new kind of normal.
Support from the employers and their companies are critical to accommodate these adjustments in work-life integration. Luckily, there are workplaces who have made it their priority to care for their employee-parents even before the pandemic, and this has proven to be beneficial too in their bottom-line results. – GPTW Philippines

 

During a pandemic that has shuttered schools and disrupted childcare arrangements, employees with children need the support of caring leaders and organizations more than ever before.

Thankfully, the Best Workplaces™ are stepping up to provide that support for both working parents and parents-to-be.

And as our new research has revealed, by helping parents, the Best Workplaces are improving their business results through increased innovation, talent retention and productivity.

What’s more, creating a great work experience for parents can bolster a company’s diversity and inclusion, and help to close the gender wage gap.

These are among the findings of a new report, Parents at the Best WorkplacesTM, a joint study between Great Place to Work® and Maven, the world’s largest virtual clinic for women’s and family health.

The report represents the largest-ever study of working parents, with more than 440,000 parents surveyed at 1,244 U.S. companies.

Great Place to Work released the report in conjunction with the 2020 Best Workplaces for Parents™ list. The new ranking recognizes the 100 companies whose support for parents has stood out during an unprecedented and challenging year for employees with caregiving duties.

Study of working parents – key findings

Investing in working parents is better for business

Companies that invest in employees and their families experience higher levels of innovation and reap significant competitive advantages in employer branding, retention and productivity.

Supporting parents should be core to companies’ Diversity, Equity & Inclusion strategies — yet we often talk about these two priorities separately

Underrepresented racial groups are more likely to be working parents, and they’re more likely to experience burnout:

  • 33% of Black mothers are experiencing burnout
  • 25% of Black fathers are experiencing burnout
  • 25% of White mothers are experiencing burnout
  • 21% of White fathers are experiencing burnout

Mothers are 28% more likely to experience burnout than fathers and are experiencing 2.4 million estimated additional cases of burnout due to unequal demands of home and work.

When companies reduce burnout, their employees are 20 times more likely to stay — but policies need to address the unique reasons for burnout.

Paid parental leave doesn’t just help growing families — it helps close the wage gap and allows parents to bring their best selves back to work

Working mothers lose nearly a month of income on average when supplementing their allotted maternity leave, adding a financial burden to the physical and emotional challenges new parents face.

Companies with generous leave policies see both mothers and fathers taking more time — ensuring that women don’t leave money on the table and that caregiving is a family affair.

Benefits shouldn’t start or stop with baby. The best companies are thinking beyond maternity leave to support employees throughout the entire journey of planning and raising a family
  • More than 8 in 10 (81%) of Best Workplaces are providing reimbursement for fertility treatments, and over the past three years, nearly half have increased their coverage
  • Best Workplaces are also offering benefits like telemedicine for pregnant and postpartum families (49% of Best Workplaces), return-to-work career coaching (48% of Best Workplaces), and breast milk shipping (52% of Best Workplaces)
  • They are also supporting their parents’ childcare needs by helping them find childcare (78% of Best Workplaces) or backup childcare (56% of Best Workplaces) and offering parent Employee Resource Groups (ERGs) (61% of Best Workplaces)

Amid tough times, the Best Workplaces are proving that it is possible to build a positive employee experience for parents and parents-to-be. And when companies make that investment, their businesses and their employees’ children are better off as a result.

For detailed findings and to learn more about supporting your working parents, read our full report on Parents at the Best Workplaces.  

ED FRAUENHEIM

Author

Great Place To Work identifies Best Workplaces™ in Asia by surveying over 1 million employees in Asia and the Middle East about the key factors that create great workplaces for all and analyzing company workplace programs impacting over 4.7 million employees in the region.

To be considered, companies must first be identified as outstanding in their local region by appearing on one or more of our Best Workplaces lists in Greater China (including China, Hong Kong and Taiwan), India, Indonesia, Japan, Kuwait, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Sri Lanka, UAE, Vietnam during 2021 or early 2022.

Companies rank in three size categories: Small and Medium (10-499 employees); Large (500+); and Multinational. Multinational organizations are also assessed on their efforts to create great workplaces across multiple countries in the region. They must appear on at least two national lists in Asia and the Middle East and have at least 1,000 employees worldwide with at least 40% (or 5,000) of those employees located outside the headquarters country.

Great Place To Work identifies Best Workplaces in Asia™ by surveying 2.1 million employees in Asia and the Middle East about the key factors that create great workplaces for all and analyzing company workplace programs impacting 5.9 million employees in the region.

To be considered, companies must first be identified as outstanding in their local region by appearing on one or more of our Best Workplaces lists in Bahrain, Greater China (including China, Hong Kong and Taiwan), India, Indonesia, Japan, Kuwait, Oman, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Sri Lanka, UAE, Vietnam during 2022 or early 2023.

Companies rank in three size categories: Small and Medium (10-499 employees); Large (500+); and Multinational. Multinational organizations are also assessed on their efforts to create great workplaces across multiple countries in the region. They must appear on at least two national lists in Asia and the Middle East and have at least 1,000 employees worldwide with at least 40% (or 5,000+) of those employees located outside the headquarters country.

For All™ Methodology

Great Place To Work, the global authority on workplace culture, determined the Philippines Best Workplaces™ 2023 List by conducting annual workforce studies through our Trust Index Survey™ and Culture Management platform Emprising®, representing the voices of over 450,000 employees across the Philippines.

Employees responded to over 60 survey questions describing the extent to which their organization creates a great place to work For All™, meaning that the company empowers all individuals to reach their full human potential. Eighty-five percent of the evaluation is based on what employees report about their experiences of trust and reaching their full human potential as part of their organization, no matter who they are or what they do. We analyze these experiences relative to each organization’s size, workforce makeup, and what’s typical in their industry and region. The remainder of the evaluation is an assessment of all employees’ daily experiences of the company’s values, people’s ability to contribute new ideas, and the effectiveness of their leaders to ensure they’re consistently experienced.

To ensure surveys truly represent all employees, we require enough people in each organization to respond that results are accurate to a 95% confidence level and 5% margin of error or better. We review any anomalies in survey responses, news, and financial performance to ensure there aren’t any extraordinary reasons to believe we couldn’t trust a company’s survey results.

For All™ Methodology

Great Place to Work, the global authority on workplace culture, determined the Philippines Best Workplaces™ 2022 List by conducting annual workforce studies through our Trust Index Survey™ and Culture Management platform Emprising®, representing the voices of over 130,000 employees across the Philippines.

Employees responded to over 60 survey questions describing the extent to which their organization creates a great place to work For All™, meaning that the company empowers all individuals to reach their full human potential. Eighty-five percent of the evaluation is based on what employees report about their experiences of trust and reaching their full human potential as part of their organization, no matter who they are or what they do. We analyze these experiences relative to each organization’s size, workforce makeup, and what’s typical in their industry and region. The remainder of the evaluation is an assessment of all employees’ daily experiences of the company’s values, people’s ability to contribute new ideas, and the effectiveness of their leaders to ensure they’re consistently experienced.

To ensure surveys truly represent all employees, we require enough people in each organization to respond that results are accurate to a 95% confidence level and 5% margin of error or better. We review any anomalies in survey responses, news, and financial performance to ensure there aren’t any extraordinary reasons to believe we couldn’t trust a company’s survey results.

Categories:
These organizations’ assessment is based 100% on employee responses to the Trust Index survey.

  • Small 10-99 Employees

For larger organizations with more than 100 employees, we also use our Culture Audit™ tool, asking organizations to share with us their practices, policies, and programs to create a great workplace For All™ and evaluate the approach they take.

  • Medium 100-999 Employees
  • Large 1000+ Employees

Why do you say in one place your national list scoring is based on 85%/15% and in another place that it is 75%/25%?

We are explaining two different things:
1.  The criteria we evaluate

  •  85% concerned with Trust and Maximizing Human Potential and
  • 15% concerned with everything else

2.  Where the data comes from

  • 100% Trust Index for organizations with less than 100 employees
  • 75% based on the Trust Index survey analytics and 25% based on responses to the Culture Audit for organizations with more than 100 employees.
For All™ Methodology

Great Place To Work, the global authority on workplace culture, determined the Philippines Best Workplaces™ 2023 List by conducting annual workforce studies through our Trust Index Survey™ and Culture Management platform Emprising®, representing the voices of over 450,000 employees across the Philippines.

Employees responded to over 60 survey questions describing the extent to which their organization creates a great place to work For All™, meaning that the company empowers all individuals to reach their full human potential. Eighty-five percent of the evaluation is based on what employees report about their experiences of trust and reaching their full human potential as part of their organization, no matter who they are or what they do. We analyze these experiences relative to each organization’s size, workforce makeup, and what’s typical in their industry and region. The remainder of the evaluation is an assessment of all employees’ daily experiences of the company’s values, people’s ability to contribute new ideas, and the effectiveness of their leaders to ensure they’re consistently experienced.

To ensure surveys truly represent all employees, we require enough people in each organization to respond that results are accurate to a 95% confidence level and 5% margin of error or better. We review any anomalies in survey responses, news, and financial performance to ensure there aren’t any extraordinary reasons to believe we couldn’t trust a company’s survey results.

Categories:
These organizations’ assessment is based 100% on employee responses to the Trust Index survey.

  • Small 10-99 Employees

For larger organizations with more than 100 employees, we also use our Culture Audit™ tool, asking organizations to share with us their practices, policies, and programs to create a great workplace For All™ and evaluate the approach they take.

  • Medium 100-999 Employees
  • Large 1000+ Employees