Rethink parent and carer benefits to achieve talent, pay gap and productivity targets

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In a tight labour market, talent retention and sustainably productive workforce are high on HR agendas, which means no employer can afford to ignore the people risk of unsupported carers and parents. Add in shifting age demographics and the sandwich generation, supporting carers is a growing challenge across UK organisations.

In this webinar we will explore the hidden toll on pay budgets, absence levels and performance that are occurring in business today as employees – often the most experienced or most senior – are distracted, take time off, reduce working hours or turn down promotions in order to look after dependents. With careful HR policy changes and supportive benefits in place, employers can reap a healthy return from investing in this cohort of workers.

The panel will discuss practical, forward-looking actions employers can take; from the most effective benefits to the HR policy shifts that are needed to keep working carers resilient and engaged. By acting, reward and benefits professionals can help to mitigate carers and parents falling behind in their careers, pay progression and/or pensions savings, and thus opening up diversity, inclusion and talent gaps.

Key issues to be explored
•   Why supporting parents and carers is a workforce talent and DEI issue
•   How to grow both carer support and workforce productivity for a win-win situation
•   Understand the cross-cutting lens of carer support to solve key benefits and pay challenges
•   Identify the biggest people risks linked to caring responsibilities – create a business case for achieving desired outcomes
•   What is needed to implement a carer policy (beyond statutory minimum) that truly moves the dial
•   Practical ideas that cost little or nothing, but make a big impact