WAKE-UP CALL FOR EMPLOYERSNew Data from the 2016 Bright Horizons® Modern Family Index Shows Turnover a Real Risk for a Large Segment of the Workforce

Working parents make up a substantial segment of the workforce. And employers might be surprised to learn that many of those employees are thinking about leaving their companies once they have their first child.

WORKING PARENTS: PREPARING FOR A CHANGE

of working fathers said fatherhood will likely prompt

a job change

of new moms said a new baby will likely prompt

a job change

69%56%

WHY PARENTS ARE LEAVING THEIR EMPLOYERS

And their fears are not unfounded. After they announced they were expecting a child:

of new parents said they had fewer new opportunities after parental leave

said their employer gives parents fewer opportunities for growth

of new parents said they had limited opportunities for advancement

had responsibilities taken from them

21% 48%

22% 22%

The departure of employees — both men and women — is a big loss.

A LOSS OF CRITICAL TALENT

Working parents will become increasingly critical as

Boomers retire

The number of women having their first child in their 30s is up

substantially, according to the CDC1

By having children later, working parents are leaving companies when they’re in important roles, which are expensive (estimates have been cited at 150% or more of salary2) to replace

1 T.J. Mathews, M.S.; and Brady E. Hamilton, Ph.D, Mean Age of Mothers is on the Rise: United States, 2000–2014, Center for Disease Control, January 2016

2 Suzanne Lucas, “How Much Employee Turnover Really Costs You,” Inc. Magazine, August 2013

1 in 3 new dads felt parenthood limited their opportunities

for advancement

27% felt the announcement

of a new baby put them at risk of being fired

31% considered quitting

because of judgments from colleagues

NOT JUST WORKING MOMS

HOW TO RETAIN WORKING PARENTSWorking parents who responded to the Modern Family Index were very vocal about what

would keep them: commitment from employers that matches their own.

of future moms desire an employer who will not allow pregnancy to impact professional careers

want assurance that they can maintain their current professional level without losing responsibilities

68%

67%

Turnover is expensive. The time it takes to fill a job is increasing steadily, up to 52 days3 in 2015. And in addition to replacement costs, empty jobs cost time and productivity.

PROTECTING YOUR BOTTOM LINE

3 “Talent Acquisition Factbook 2015: Benchmarks and Trends in Spending, Staffing, and Key Recruiting Metrics,” Bersin, April 2015

So what can you do?Learn more at brighthorizons.com/mfi-ebook

© 2016 Bright Horizons Family Solutions LLC. All Rights Reserved.

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