As we seemingly head into another recession, HR leaders are hard-pressed to hold onto their current talent — after all, SHRM estimates it costs up to 200% of a departing employee's salary to replace them. What's changed since COVID and "The Great Resignation" is that HR leaders are clearly focusing their efforts on attracting and retaining employees by evolving their diversity, equity and inclusion (DEI) strategies. In fact, McKinsey data shows that higher-performing organizations (in terms of revenue, market share and retention) lead in this area.
However, while companies have made strides with their DEI efforts in recent years, many of these strategies fail to consider a key element of workplace inclusivity: equitable family-building benefits.
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