The Modern Families Index has been published annually by Bright Horizons since 2012.
A new survey of 3,000 working parents has found 67% of working parents now believe career progression is possible when flexible working is offered and their confidence is building at speed. This is compared to 56% last year.
The 2023 Modern Families Index Spotlight Report revealed that when it comes to flexibility, childcare is the key driver of this for almost half of working parents.
On a positive note, seven in ten feel confident discussing family-related issues with their employer, while more than three quarters described their employer as supportive of family.
Denise Priest, Executive Director Work+Family Solutions at Bright Horizons, said, “The 2023 MFI clearly evidences the increasing priority placed upon family life by men and women alike. Key findings highlight the ever-present need for employers to provide their people with support, flexibility and understanding throughout the parenting journey, as well as with their wider ongoing family responsibilities, in order to retain, motivate and inspire loyalty.”
However, with seven in ten respondents in senior roles seeking alternative employment in the next 12 months, the findings show employers need to be going further to support employees.
“This year’s report also includes insightful and practical suggestions for forward-thinking employers who recognise this and see the benefit of taking practical steps that will help to set themselves apart in a competitive market for attracting and retaining talent,” said Priest.
She added, “The research demonstrates how working parents value help from their employers in dealing with some of the stresses they’re currently facing – from the increasing cost of living, to balancing work and home life demands. This help could range from back-up care for both children and adults, as carers have a particularly high attrition rate, to offering educational support such as tutoring for older children who may be struggling educationally.”
The research surveyed 3,000 working parents, with at least one child aged 0-17 years.
Download the report here.