{"id":4078,"date":"2023-11-09T22:18:17","date_gmt":"2023-11-09T22:18:17","guid":{"rendered":"https:\/\/www.care.com\/business\/?p=4078"},"modified":"2023-11-09T22:18:17","modified_gmt":"2023-11-09T22:18:17","slug":"empower-your-diverse-workforce-with-work-life-benefits","status":"publish","type":"post","link":"https:\/\/www.care.com\/business\/empower-your-diverse-workforce-with-work-life-benefits\/","title":{"rendered":"Empower your diverse workforce with work\/life benefits"},"content":{"rendered":"\n

By prioritizing work\/life balance for employees, companies stand to gain more than just increased employee retention and productivity. <\/p>\n\n\n\n

A report by Harvard Business Review analyzed data from more than 800 U.S companies over the past 30 years and found that companies with prioritized benefits such as flexible work schedules, family leave, and child care support also saw a significant improvement in the percentage of women and people of color succeeding in their careers and moving into management roles.<\/p>\n\n\n\n

Who do these benefits support?<\/h2>\n\n\n\n

While most employees need work\/life support at some point during their career, women, and especially women of color, face the greatest work\/life challenges in the workforce. <\/p>\n\n\n\n

Because more women are single parents, with 41% of Black single mothers, 25% of Hispanic single mothers, 13% of white single mothers, and 11% of Asian American single mothers as the head of their household\u2014child care support is a top priority when choosing where to work.<\/p>\n\n\n\n

Child care costs are rising<\/h2>\n\n\n\n

Making child care a priority during career decisions becomes even more important when we take into account that according to the findings from our latest Cost of Care Survey<\/a>, child care has become more expensive over the past year for 63% of parents.<\/p>\n\n\n\n

This makes it no surprise that 59% of parents report being more concerned about child care costs now than in years prior, which leads to parents making big changes in their careers, such as:<\/p>\n\n\n\n