Get in the know with these quick HR industry facts to kick off Q4 2021.
Employers aggressively leveraging benefits
A new report from Gallagher finds that 41% of surveyed employers said they’ve added more or different voluntary benefits to meet recruitment and retention objectives this year.
Half of employers changing return to office plans
As of September, more than half of U.S. employers say they are rethinking their return-to-work timing amid the Delta variant, which is responsible for the latest COVID surge, according to new data from the National Alliance of Healthcare Purchaser Coalitions.
Companies accommodating working parents
Nearly all companies in a recent survey of over 500 employers by Willis Towers Watson say they’re offering working parents the ability to work flexible hours. About 76% also allow employees to work fewer hours, and about 10% of employers maintain pay and benefits.
About 30% offer access to backup child-care services, and another 30% plan to or will consider rolling out this benefit to employees.
Employment among women hits a 33-year-low
Although women make up less than half of the U.S. workforce, they accounted for a majority of the decrease in the labor force during the pandemic. Data from the Pew Research Center showed that between February 2020 and February 2021, 2.4 million women left the workforce, compared with 1.8 million men.
One of the most significant barriers for working parents is the lack of access to affordable child care. Only 39% of respondents to McKinsey’s American Opportunity Survey who have incomes below $50,000 and children at home said they could afford child care.