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CEOWORLD magazine - Latest - CEO Advisory - How Offering Family-Friendly Benefits Can Improve Your Company’s Reputation

CEO Advisory

How Offering Family-Friendly Benefits Can Improve Your Company’s Reputation

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It’s more important than ever to find and keep top talent in today’s tough job market. More and more employers are learning that giving their workers benefits that are good for families is not only good for them but also helps the company’s reputation and overall success. Policies that are good for families, like paid parental leave, flexible hours, and on-site child care, are becoming an important part of a company’s image.

What Does Family-Friendly Mean in the Workplace? 

Family-friendly policies are designed to support employees as they balance their work responsibilities with their family obligations. These policies aim to create a more supportive, flexible, and inclusive work environment, helping employees manage their personal lives while maintaining their productivity at work. Family-friendly benefits include paid family leave, flexible working arrangements (such as remote work or flexible hours), childcare assistance, eldercare support, and wellness programs aimed at helping employees balance their personal and professional lives.

Why Family-Friendly Benefits Matter 

Benefits that are good for families are not just “nice to have. ” They are necessary to keep employees happy and engaged. A 2020 poll by Glassdoor found that 60% of workers said that work-life balance was an important reason for them to stay at or leave a job. In 2019, Harvard Business Review did a study that showed employees who feel supported by their boss in balancing work and family life are less likely to get burned out and more likely to stay with their current job.

Studies also show that companies that give benefits that are good for families tend to have lower turnover rates. A 2020 study from the National Bureau of Economic Research found that companies with family-friendly policies had higher rates of keeping employees. This saved businesses money because they didn’t have to pay as much to hire and train new workers. It has been shown that when workers can take time off for family obligations, they stay with the company longer.

How Family-Friendly Benefits Improve Company Reputation 

Offering family-friendly benefits can significantly enhance a company’s reputation, both internally and externally. Here are some ways these policies positively impact an organization:

  1. Attracting Top Talent: Family-friendly benefits are a major draw for potential employees, particularly in industries with a competitive talent pool. Millennials and Gen Z, the two largest generations in the workforce today, place a strong emphasis on work-life balance. By offering family-friendly policies, companies can differentiate themselves and attract highly skilled employees who value their personal time and family commitments.
  2. Building Employee Loyalty and Trust: When employers offer family-friendly benefits, they demonstrate that they care about their employees’ well-being. This makes people trust and stay loyal. When employees feel like they are respected, they are less likely to look for work elsewhere. A Deloitte study in 2021 revealed that employees who perceive their employer as supportive of their family life report greater job satisfaction and are more likely to recommend their company to others.
  3. Improving Productivity: When employees are supported in their personal lives, they tend to be more focused and productive at work. Offering flexible working hours, for example, allows employees to manage their personal and professional responsibilities without the stress of rigid schedules. Employees can balance their work with family obligations in a way that works best for them, which makes them more productive.
  4. Enhancing Corporate Image: Companies known for their family-friendly policies often gain a strong reputation within their industry. This reputation can lead to positive media coverage, a boost in public perception, and greater recognition in the job market. Companies like Google, Microsoft, and Starbucks are recognized for their family-friendly policies and are regularly ranked among the best places to work.

USIQ Certification: Family-Friendly Employer 

One of the most effective ways to showcase your company’s commitment to being family-friendly is by obtaining a USIQ (United States Institute for Quality) certification for family-friendly employer. The USIQ certification is a mark of excellence, recognizing companies that prioritize family-friendly policies and practices in their workplace.

To get this certification, a business has to go through a thorough review of its policies and practices regarding work-life balance, employee health, and family support. The basis for being awarded the seal of quality as a family-friendly employer is a representative employee survey. This was developed on the basis of scientific research by PhDr. Oliver Scharfenberg. In addition, an online audit (HR interview) takes place. Employers receive an evaluation of their family friendliness and a marketing package including a press release to increase their visibility.

The certification is very helpful for employers because it can be used as a marketing tool to get top talent, boost morale, and improve the company’s image in the industry. It makes it clear that your company cares about its workers and knows how important it is to help families at work.

Conclusion 

In conclusion, giving perks that are good for families is not just a trend; it’s a smart move for a business to make for the future. Family-friendly policies improve employee satisfaction, boost productivity, and enhance a company’s reputation in the market. Companies that recognize the value of supporting employees’ family needs will attract and retain top talent, increase employee loyalty, and maintain a competitive edge in their industry. By obtaining the USIQ certification for family-friendly employers, companies can show their commitment to work-life balance and family support, further solidifying their positive reputation as an employer of choice.


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CEOWORLD magazine - Latest - CEO Advisory - How Offering Family-Friendly Benefits Can Improve Your Company’s Reputation
Christina Miller
Associate News Editor at CEOWORLD Magazine. I lead the reporting team that covers US financial services and I write a business column for the opinion section. I write news pieces about the US and European market for start-ups and interview CEOs for our interview slot. I also presented one of the CEOWORLD magazine's early podcast hits, Money Stories, in which I persuadeded notable CEOs to share insights into the breaking news, moments of crisis and key decisions that enabled them to build successful international companies.