More of a ‘Great Rethink’ than ‘Great Resignation’

Working parent

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Almost 40% of working parents want to leave their careers within a year, even if they enjoy their positions.

Parents are seeking new employers for improved assistance and understanding, according to the annual Modern Families Index.

Bright Horizons, a backup care and nursery provider that created the Index, recommends businesses to include extra care into their systems for existing employees who are parents in order to keep them from leaving.

According to the Index, many people are shifting into positions that allow them to maintain the more pleasurable work-life balance they discovered during the pandemic. This is especially true for organisations that do not appear to be devoted to providing long-term support for family life.

It’s possible that this is more of a “Great Rethink” than a “Great Resignation,” according to the report.

“This data overwhelmingly illustrates that the world of work has changed, and organisations that don’t realise that risk losing their finest workers,” said Denise Priest, Director of Employer Partnerships at Bright Horizons. The ‘Great Rethink’ is already beginning for many employees, with many indicating that they would be searching for a new job within the next year.

Any employee has the potential to leave.

 

According to the research, three quarters of respondents consider their childcare and eldercare duties before accepting a new job or promotion, indicating that companies should be cautious about any employee leaving. According to the study, 66 percent of parents believe their workplace is unsupportive of their childcare requirements.

According to the business, 59 percent of senior executives are seeking for work elsewhere, putting organisations at danger of losing some of their most skilled and experienced employees.

“Employers have an opportunity here to assist and ease some of the emotional load for their working parents,” Ms Priest added. Employers who are forward-thinking are giving access to tutoring programmes for their workers’ children, as well as flexible childcare options at work or near home, and assistance in locating eldercare. They can also develop internal networks where parents and caregivers can share support and guidance.”

Workers are glad to be back in the workplace, but many want to work more flexibly.

 

Most employees preferred flexible working hours above flexible location, according to the Index. Flexible hours are preferred by nearly four-fifths of workers (79 percent), whether they are front-line workers or knowledge professionals.

There is a growing demand for a hybrid of office and home working for individuals whose jobs  led themselves to it during the pandemic. When asked, nearly half of the parents (49%) prefer a “hybrid” option, with the preferred balance leaning toward more days working from the office rather than from home.

Meanwhile, 22% of respondents told the Index that they would want to work solely from the office, up from 13% last year. This indicates that the office is once again becoming a more favourable place to work.

Ms Priest stated that regardless of how workers choose to provide work schedules for their staff, it is critical to address their requirements.

“Working parents have reported in our study that life is getting more stressful, not less stressful,” she added. The majority of parents are concerned about their children’s scholastic progress as well as their emotional wellbeing. Eldercare duties weigh heavily on many employees, especially young individuals.

“As we adjust to life after the pandemic, it’s apparent that many groups require care help,” she continued. Supporting them would assist to safeguard the talent pipeline and make a firm more appealing to job seekers.”

 

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