Why Today’s Companies Need Return-To-Work Programs.
Parental leave is a transformative period for employees; it shapes both their personal lives and professional futures.
For Aussie companies, supporting them through this stage shouldn’t be just a legal obligation but a strategic advantage.
With expert guidance from RTWell, your business can leverage parental leave to drive productivity, attract top talent, and save money.
Boost productivity
Providing genuine support during parental leave helps employees manage the stress and anxiety of this major life change. By enabling them to settle into new routines and balance their responsibilities effectively, you empower them to return to work with renewed energy and focus.
The result? Enhanced job performance and higher productivity. Engaged employees who feel valued are more effective in their roles, benefiting both themselves and your company.
Attract and retain top talent
In today’s competitive job market, parental leave policies set your company apart. Comprehensive leave packages make your organisation more appealing to top talent, especially those who value work-life balance.
Offering these benefits not only attracts top-notch candidates but also helps you retain your current employees, especially in an environment where good people can be hard to find.
So, show your team you care by offering supportive parental leave. When staff feel valued and supported during significant life events, like having a child, their loyalty increases. This loyalty translates into a more stable, skilful and experienced workforce, reducing disruptions associated with turnover.
Cost savings for business
That loyalty also translates to significant cost savings for your business. If you provide supportive paid leave, you can avoid the high costs of hiring and training new staff. Replacing an employee can cost up to 1.5 times their annual salary.
With less than a third of women working full-time after having children, a supportive leave policy boosts the likelihood of employees returning to their roles, minimising your need for costly replacements.
In fact, NAB saw significant savings just 12 months after launching a new parental leave program, with the return-to-work rate increasing from 65% to 85.9%.
Take the next step
Don’t miss the opportunity to optimise your parental leave strategy.
Ready to make a change? Contact RT Well today and discover how we can help you revolutionise your parental leave strategy and unlock your business’s full potential. Your employees—and your bottom line—will thank you.