When an employee walks into the office, they bring their experiences, their emotions, and their responsibilities. This all affects how an employee performs, how they relate to others in the workplace, and how they view their company.
For many of us, family is a key component of this context. By fostering a family-friendly culture, your company shows employees that you embrace them fully and that you view them as people — not just employees. Informal activities, such as throwing family-friendly events, hosting a bring-your-kids-to-work day, or participating in conversations about others’ families are a great start. However, at the end of the day, if your company doesn’t have formal policies or benefits in place, employees will start to seek companies that do.
And for many of us, family is a key component of this context. By fostering a family-friendly culture, your company shows employees that you embrace their full context, and that you view them as people not just employees.
Here are four policies for you to consider to foster a family-friendly company culture:
Generous Paid Parental Leave
Offering paid parental leave is a great way to put your company's family values at the forefront. Recently, Alexis Ohanian, the co-founder of Reddit, expressed to the New York Times how important it was for him as a leader to take his parental leave. Essentially, he wanted to lead his employees by example and take the full amount of parental leave. Bonding with his newborn was the most important benefit of taking his full 16 weeks and he wants his employees to do the same whenever they enter that stage of life.
It’s important to note that it isn’t just large companies that are making parental leave a priority. Parental leave is accessible for small companies as well and a great way to attract and retain new talent.
Parental leave not only increases bonding between the parent and child, but it also plays a role in closing the gender gap. Parental leave policies that are gender inclusive are shown to “boost male participation in the household, enhance female participation in the labor force, and promote gender equity in both domains,” according to an article in the Atlantic. Reworking your parental leave policy — and creating the culture to support it — is one of the biggest things you can do to create a more equal, family-friendly company. Consider not only the length of leave, but also who gets access and how leaders supports the policy.
Learn which perks and benefits employees want the most.
Flexible Working Arrangements
Flexible working arrangements — from flextime to remote working — make it easier (and less stressful!) for employees to fulfill their parental responsibilities, such as taking children to appointments or attending important school functions.
When crafting your policy, draw inspiration from companies that have successfully implemented these arrangements and combine it with what works best for your team. And there’s no need to guess at that part -- survey your employees to understand their specific needs and have an honest conversation with leadership.
Fertility and Adoption Benefits
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One in eight couples struggle with fertility, meaning that this probably affects some of your employees. Companies can offer fertility benefit coverage to assist with the expensive treatments.
For example, Intel provides $40,000 of coverage for medical services and $20,000 for prescription services — quadrupling their coverage from the previous policy!
Offering financial assistance for adoption is another family-friendly option.This benefit tends to be inexpensive because few employees ever use the option. Even so, the benefit has a positive impact on how employees (nonusers and users of the benefit) feel about their company.
Childcare is often the largest expense for families, and according to a Care.com survey, 69% of parents say that it affects their career decisions. Therefore, whether you provide on-site daycare, dependent care flexible spending accounts, or child care subsidies, assisting with childcare can go a long way to help employees, and thereby retain your most important asset.
Remember, with each of these suggestions the presence of a policy is only part of the equation. It’s equally important that employees feel comfortable using the options available to them.
What does that look like? Leaders can set an example by using the policies, managers can have an open dialogue with their direct reports, and employees can support each other in maintaining a family-friendly culture.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.