Is high employee turnover a problem for your company? If so, take a peak at Patagonia, an outdoor apparel brand company, where quality treatment of its employees is paramount. The company’s turnover is 4.5%, which is exceptionally low in comparison to the industry average of approximately 30%, according to Hoover’s.
At Patagonia, the work-family balance is an essential component of keeping their employees satisfied. To support new parents, employees can take up to two months of paid time off which helps employees and their families get adjusted to their new lifestyle. Additionally, new parents can choose to slowly get back to their full-time work schedules after the eight weeks is over. But that’s not all – Patagonia also offers a variety of options for childcare. Employees have the option of choosing on-site childcare at Patagonia or they can choose from a network of childcare providers who will come to the employees’ homes. And if an employee prefers to use an outside childcare provider over Patagonia’s suggestions, it’s no problem…the company will help pay for the costs of outside childcare providers as well! Lastly, the company supports a school program which gives each employee five days off so that they can be involved in their children’s school activities.
This family focused approach has significantly reduced absenteeism and turnover. It’s no question that women have a lot to benefit from working at Patagonia. According to ABC World News report, 62% of women stay with Patagonia due to the flexibility in their work schedules. Evidently, it has prevented a lot of employees from having to quit their jobs. What can this do for your company?