Today we announced our second annual list of The Best Places To Work for Working Daughters, recognizing companies that understand supporting working daughters, and sons, at work is a business imperative.
Why We Need This Program
More than 1 in 6 working Americans assist with the care of an elderly or disabled family member, relative, or friend. Seventy percent of those caregivers suffer work-related difficulties due to their dual roles. Working daughters especially suffer loss of wages and risk losing job-related benefits because they switch to less demanding jobs, take time off, or quit work altogether in order to accommodate their caregiving responsibilities. The cost to businesses from caregivers leaving the work force is an estimated $3.3 billion. Supporting caregivers at work must be a business imperative.
Earlier this year we surveyed close to 700 family caregivers and conducted interviews with dozens of women balancing eldercare and career to understand how their caregiving responsibilities impact their work, and what they need from their employers to remain in the workforce. The research revealed that most family caregivers caring for adults feel invisible and unsupported at work. However, when employers do acknowledge working caregivers, it can make a big difference at home and at work.
To create the list, we evaluated companies on how their policies, benefits, and culture support working caregivers; flex and paid leave were key, but we were in search of companies that demonstrate a true culture of caring.
The Best Places To Work for Working Daughters represents the companies that are getting it right. We hold them up as examples of caring work cultures.
This year’s honorees are:
Bristol Myers Squibb
Learn more about why each company was chosen HERE.