REPORT: The Future of Benefits

An HR Guide to What's Next for Employee Benefits from Care.com

Those most worried about attrition – and specifically about the loss of female talent – see expanded child care benefits as the key to combating it.

Care.com, a platform for finding and managing family care, has released the results of its 2021 Future of Benefits Report, revealing how COVID-19 has influenced how employers plan to change, and potentially expand, the benefits they offer to employees this year and in the future. Download the complete Care.com report.

The report gathered responses from C-suite executives and HR leaders across the country and examines how employers are prioritizing benefits like family care (for both children and seniors living at home) ahead of others, such as commuter benefits and office meals, because of the pandemic’s impact on how employees work as well as their well-being, performance, and attrition.

• 98% of employers say they plan to expand benefits in some form
• 82% of managers acknowledging that their organizations have become more aware of the care challenges their employees have been dealing with throughout the pandemic
• 64% have experienced high attrition rates, in which 95% report care concerns as a major factor
• 63% of employers plan to implement child care benefits in response 
• 50% say they believe that the positive impact of childcare benefits outweighs the costs
• 65% selected “flexibility” as the potential positive impact of care benefits, followed by improved employee mental health (59%) and increased productivity (53%)

READ THE FULL REPORT