Overcome Stubborns

Delivering the Family-Friendly Benefits Families Need

“It’s shocking to me how few companies actually know how many parents or how many caregivers for elderly parents they have in their workforce,” said Carmi Medoff, founder and CEO of Onsite Kids, which operates on-site childcare facilities for employers. “It’s usually an off-the-cuff, qualitative answer. So, first thing, please start asking and quantifying.”The importance of affordable childcare cannot be overstated and families need help accessing it. The Center for American Progress estimates that more than half of the U.S. population lives in an area where providers are scarce. And families need help affording it: Childcare costs more than rent in some states, according to one 2024 analysis.But there is far more to being a parent or caregiver than the first decade of a child’s life. Families are complex and changing, said Medoff. “Families start and change every day, every week, every month, every year. Life situations change,” and employers have an obligation to consider the complexities of family life.This was the topic of conversation during a panel discussion at From Day One’s July virtual conference on innovative policies that support healthy families and caregivers. Family-friendly benefits are those that support your workers at every stage of life, from conception or adoption to the early years, college applications, financial planning, menopause, eldercare, and retirement planning—in whatever iterations they occur.Rachel Marling, VP of total rewards at NewYork-Presbyterian Hospital, says an employer’s ability to meet those needs is a reflection of its values. “There are different programs we need to design along that entire continuum, not just to support people, but also to recognize their experience. That’s increasingly important as we think about workplace diversity, acknowledging that people have different journeys, and all of them are of value,” she said.For many employers, this begins with thinking about fertility support, reimagined for all families, including same-sex couples, single parents by choice, and those who opt for an avenue like surrogacy. Well-meaning employers consider primarily the financial components of fertility care, but they miss the adjacent needs of their workers, like the emotional tax incurred by multiple IVF rounds and the need for mental health support, said the panelists.“There’s a reason why we support individuals from preconception all the way through menopause,” said Isha Vij, VP of employer growth at family healthcare platform Maven. The human experience is as varied as it is rich, and every new stage deserves recognition and support.As companies turn their attention to the aging workforce, retaining workers is a growing concern. In some cases, retaining women is a matter of caring for their changing healthcare needs, not only with medical plans, but with in-office support too.Vij helps employers make those considerations. For instance, “think about your in-office accommodations for folks experiencing symptoms of menopause,” she said. “What does your leave policy look like? What does your mental health support look like? All of these things can make a huge difference in keeping individuals in the workforce productive and happy. And, of course, there are reasons on the economic side why it makes sense for employers to do this, like productivity and loyalty.”The panel also urged employers to look out for workers who are caregivers to elderly family members. Marling at NewYork Presbyterian noted how financially and emotionally strenuous the experience can be, and “this is a place where meeting people where they’re at is so critical,” she said. More than just support for regular, face-to-face elder care, NYP offers backup care options and legal support to help with estate planning, wills, and power of attorney.But in the moment of need, employees often need a guiding hand. “We have an eldercare consultant that provides services and caregiver guidance and support with information and referrals, crisis-support counseling, and educational materials and resources,” said Brian Copeland, VP of total rewards at mortgage firm Fannie Mae. “We’ve seen a lot of employees come back with very positive remarks and how they were struggling, they were seeking guidance, and didn’t know where to look. Our eldercare consultant did a wonderful job of bringing that information to them.”The panelists spoke on the topic "Delivering the Family-Friendly Benefits That Working Parents Actually Want"To know what support is needed, simply ask. “For us in HR, it’s very much a listening environment, eliciting opportunities through employee surveys and ongoing touch points to make sure we’re getting a direct line of sight,” Copeland. “And just as important as meeting employees’ needs is ensuring benefits are available consistently. “We make sure to provide the tools and resources so everyone’s on the same playing field, and that it’s not dictated manager-by-manager along the way.”Family benefits are not just a personal matter, but a community matter and a societal one as well. “Offering benefits is a signal to potential employees out in the universe that you support families and signals that your company is forward-thinking,” Medoff said. There is a spill-over effect that benefits the business as well as your reputation as a principled employer. “It shows that your company is taking a stand on social responsibility in the community, particularly for [frontline workers]. Our clients are often one of the largest employers, if not the largest employer, in smaller communities. [Family benefits] demonstrate that you are committed to solving broader societal issues and supporting families.”“The more we acknowledge that each of us has circumstances that exist in our lives that can pull us away from work, or that can physically or mentally detract from the work that we’re doing, and that it’s normal, and that it’s common—the more that we incorporate that into the culture of our organizations,” said Marling of NYP. “That’s a rising tide that lifts all boats.”Emily McCrary-Ruiz-Esparza is a freelance journalist and From Day One contributing editor who writes about work, the job market, and women’s experiences in the workplace. Her work has appeared in the Economist, the BBC, The Washington Post, Quartz, Fast Company, and Digiday’s Worklife.

BY Emily McCrary-Ruiz-Esparza | September 04, 2024

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The From Day One Newsletter is a monthly roundup of articles, features, and editorials on innovative ways for companies to forge stronger relationships with their employees, customers, and communities.

Overcome Stubborns
By Emily McCrary-Ruiz-Esparza | August 27, 2024

Investing in an Environment of Growth and Innovation

As a 55-year-old tech company, Zebra Technologies has been through its share of mergers and acquisitions. Its first acquisitions were in the 1980s, and in the late 1990s and early 2000s the company purchased a string of small technology firms, and continued adding to its portfolio of hardware and software makers in the 2010s. Notably, Zebra acquired the Enterprise business from Motorola Solutions in 2014. It’s been active in the 2020s too, most recently acquiring Matrox Imaging in 2022.Mergers and acquisitions are inherently disruptive to employees, no matter how smooth the financial transaction. Melissa Luff Loizides, Zebra’s VP of talent for the last 10 years, has been deliberate in integrating and consolidating the cultures of the teams that merge. Loizides spoke in a fireside at From Day One’s August virtual conference on gaining better insight into workers needs and ambition.Rather than overriding one culture with another, her goal is to “identify a culture that would really be representative of the Zebra and of the newly acquired entities together,” she said. “That enables us to go on a journey together and think about how we want to show up and operate with one another. We want to succeed as one. We want to assume positive intent. Those are often hard things to do, especially in corporate settings where there are competing priorities, everybody is resource-constrained, and everybody’s trying to get the best results.”Loizides knows first-hand what it’s like to be on the acquired side; she herself was part of a company absorbed by Zebra years ago. She shows up in the earliest days of diligence, getting to know the leadership teams of the company being acquired. People managers were particularly influential in those early days, she pointed out. They set the tone for the company culture. Loizides called them the “north stars” for the rest of the workforce. For better or worse, “the shadow you cast as a leader who is experiencing their own challenges, that can very easily cascade.”Journalist Emily McCrary-Ruiz-Esparza, left, interviewed Melissa Luff Loizides, Zebra’s VP of talent (photo by From Day One)The company has been able to maintain some cultural momentum throughout years of change. Zebra has been named a Great Place to Work, with 86% of employees saying that the company is a great place to be. Zebra was also named one of Fast Company’s Best Workplaces for Innovators in 2023, and it’s a best place to work for people with disabilities, according to the 2024 Disability Equality Index.Loizides credits the company’s employees with these achievements. A significant part of Zebra’s culture-building is built on consistent employee feedback and individual contributions, she said. “Some of those awards, and many others, are received because of the feedback of our employees. And that certainly says a lot about corporate recognition. [Employees] want to be a part of an organization that’s going to recognize them and create a culture where they want to come to work every day.”Having a firmly established culture helped the company through a CEO transition last year. “We felt really grounded in the culture that existed,” Loizides said of the environment at the time. The effects of Covid really challenged the workforce, and the leadership team paid closer attention and commitment of additional resources to employees’ well-being. The leadership team also decided to focus on refreshing the company values. Though innovation, agility, and working as a team have long been a part of Zebra’s values, the company added new ones: thinking and acting customer-first and making a positive impact on the global community and environment. “With those refreshed values, we could re-enhance and reinvigorate while continuing to cherish some of the things that we already identify as part of our culture.”Emily McCrary-Ruiz-Esparza is a freelance journalist and From Day One contributing editor who writes about work, the job market, and women’s experiences in the workplace. Her work has appeared in the Economist, the BBC, The Washington Post, Quartz, Fast Company, and Digiday’s Worklife.

Overcome Stubborns
By Katie Chambers | August 29, 2024

Crafting an Inclusive Financial Wellness Program to Engage and Empower Employees

Financial wellness programs have become essential for attracting and retaining top talent while fostering an inclusive and engaged workforce. More than 80% of employees want professional help with their finances, says Amy Chou, chief product officer at Addition Wealth, a holistic financial-wellness platform.During a From Day One webinar Chou spoke about leveraging financial wellness programs as an integral component of an inclusive benefits strategy, empowering employees to make smart, informed financial decisions. She shared tips for designing a financial wellness program that effectively addresses the diverse needs and expectations of employees by combining digital tools with human expertise.Why Financial Wellness“Finances are really top of mind for all employees given all the changes in today’s economy,” Chou said. “The stats are really jarring.” According to the company’s research, Chou shares that 78% of Americans are living paycheck to paycheck, with credit card debt at an all-time high of $1.13 trillion. “We have the most educated workforce these days,” Chou said, but with that education comes $1.75 trillion in student debt. 27% of U.S. adults have no emergency savings; 64% of adults say that inflation is what is making it hard for them to save for unexpected expenses. And investing and saving options are becoming increasingly complicated, alienating those who might actually be in a position to start saving.These numbers are causing anxiety, with 90% of Americans reporting stress from their finances, and 34% saying it impacts their mental health. Traditional financial solutions are no longer sufficient and leave a gap in knowledge and service for employees.  Financial advisors can be expensive and free tools are often too generic and unable to offer the comprehensive view needed today.Trends Impacting the Financial Benefits ExperienceThe past few years have changed the HR landscape, Chou says. Pay transparency is becoming increasingly important. Market trends have impacted hiring, even though unemployment remains low, headcount reductions have hit certain industries.The economy has changed how employees feel about their finances. Rising healthcare, living, and other costs have impacted employee financial security and demands from their benefits. And in turn, rising costs have impacted the cost of the insurance and benefits themselves, which in turn impact the employer’s bottom line. “This is where we believe financial wellness offerings come in,” Chou said.Evaluating Financial Wellness OfferingsAmy Chou of Addition Wealth led the webinar (company photo)Holistic well-being is increasingly important during turbulent financial times. There are many point solutions and benefits that employees are struggling with how to utilize best, such as inclusion emergency savings accounts, earned wage access, student loan reimbursements, tax benefits, life insurance, and more. “We think that the modern financial wellness program that can benefit an employer and employee alike is really one that stretches across all of these different areas,” Chou said. Wellness programs should be answering key questions like, ‘How do I stretch my income further? And which of these point solutions is best aligned with my personal goals?’The best programs will offer “a solution to help people decide what they should be opting into, how much they should be opting into, or the order by which they need to be doing things,” said Chou. These offerings will benefit employers, also, leading to increased productivity, retention, and more.An Inclusive Employee ExperienceA financial wellness program, Chou says, should be flexible enough to serve employees of all levels, ages, and backgrounds. The best ones on the market should offer the following six components:Holistic offerings that help with all decisions, such as retirement planning and debt management. A high-tech and high-touch model that is user friendly to both employees and employers and integrates easily with your HR systems. Fiduciaries who aren’t pushing specific products in order to make money off of commissions, product sales, kickbacks, referrals and the like may distort their incentives. “Make sure that the financial wellness player is acting in a fiduciary capacity,” Chou said, and only acting in the interests of the employee. One-on-one access to financial experts, such as certified financial planners, certified public accountants, investment advisors, financial fitness coaches and more. “Regardless of age, regardless of demographic, location, etc, if a problem gets too complicated and a person is getting too stressed, oftentimes it can be easier to talk to a person about it and to have that person guide you through and coach you through the situation,” Chou said. “A lot of these decisions are very emotional,” and can’t rely on technology alone. A personal touch may be required. Personalized to your specific company needs, ensuring your employees get individualized and relevant information on your benefits packages, compensation models, and more. “This will drive engagement and better outcomes for employees,” Chou said. Customized to the individual needs of your employees, allowing employees to choose how they want to engage (whether that’s self-service tools, one-on-one meetings, or live large-scale events) and match demographic and educational needs, including paying off student debt and planning for retirement for beginners vs. seasoned investments.The Impact of Financial Wellness Benefits“Once you get an offering that really understands a company, understands a base and understands the employee, you really can make a difference,” Chou said. Many employees appreciate the flexibility of technology-based platforms and the ability to access basic financial education that is unfortunately not really taught in schools, she shares.“You can really make a difference in your employee’s life, but also the families, the dependents, the spouses of these individuals, because oftentimes this employee that gets access to financial education can bring that into their communities and can bring that into their home to really widen the impact of these benefits,” Chou said. “And once people can plan better and manage their finances better, they really get that peace of mind.”Editor’s note: From Day One thanks our partner, Addition Wealth, for sponsoring this webinar. Katie Chambers is a freelance writer and award-winning communications executive with a lifelong commitment to supporting artists and advocating for inclusion. Her work has been seen in HuffPost and several printed essay collections, among others, and she has appeared on Cheddar News, iWomanTV, On New Jersey, and CBS New York.




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