JUST Capital’s Top 5 Companies for Parents in 2024
The business case to support parents is overwhelming. Policies supporting parents are critical to recruiting new – and retaining existing – workers, especially in a tight labor market, not to mention boosted worker productivity. A recent report from Moms First and BCG suggests that companies that strategically allocate resources to childcare benefits are seeing a return on investment of 90% to 425%.
Year after year the JUST Capital polling highlights that the American public wants companies to prioritize their workers, specifically by providing benefits and work-life balance among the top five issues. In fact, a survey of working mothers further connects the dots between receiving more parental leave and being more satisfied at their workplace.
As a result, we see leading business executives prioritize these policies. In a JUST Capital interview with Morgan Stanley Chief Medical Officer Dr. David Stark, he said paid parental leave “has low direct costs” and “a significant impact in terms of improving productivity, retention, and employee morale.”
We are also seeing companies realize the benefit of more publicly offering benefits geared towards families and caregivers. From 2023 to 2024, disclosure of paid parental leave for both primary and secondary caregivers increased by seven and eight percentage points, respectively.
So what employers lead the pack with their policies in 2024? JUST Capital analyzed the policies and practices of the Russell 1000 and five came to the forefront.
You can find more information about corporate practices and policies like those elevated here in the latest version of our JUST Jobs Scorecard, a data-driven interactive tool companies can use to assess their performance and transparency on key job quality practices and worker policies.
In the meantime, check out the full list, as well as NBC News’ coverage of it, below.
If you’re a corporate leader, we invite you to unpack your company’s performance in the 2024 Rankings and/or the JUST Jobs Scorecard, gain insights into how to improve on the issues that matter most to the American public, and/or learn how to engage with JUST to take action to support worker well-being though the Corporate Impact Lab. Please reach out to corpengage@justcapital.com.
1. S&P Global Inc
Ranked 2nd in the Commercial Support Services industry in the annual Rankings of America’s Most JUST Companies
The Benefits:
- 26 weeks of paid parental leave to both primary and secondary caregivers
- Emergency backup dependent care program
- Subsidized dependent care.
2. American Express
Ranked 1st in the Transaction Processing industry in the annual Rankings of America’s Most JUST Companies
The Benefits:
- Gender neutral paid parental leave of 20 weeks, with an additional six to eight weeks as medically necessary
- At-home or center-based emergency backup dependent care
- A subsidized dependent care program
3. Deckers Outdoor Corp
Ranked 2nd in the Clothing & Accessories industry in the annual Rankings of America’s Most JUST Companies
The Benefits:
- 20 weeks of paid parental leave to both primary and secondary caregivers
- Emergency backup care
- Subsidized routine dependent care
- Dependent care flexible spending account that the company dollar-for-dollar matches with employees’ contributions (up to $2,500).
Interested in exploring more data like this?
Sign up for The JUST Report, our weekly newsletter that delivers curated, cutting-edge insights to help you stay informed, stay inspired, and stay steps ahead of the competition when it comes to delivering value to all your stakeholders.
4. Goldman Sachs
Ranked 5th in the Capital Markets industry in the annual Rankings of America’s Most JUST Companies
The Benefits:
- 20 weeks of paid parental leave to all caregivers welcoming a new family member through birth, surrogacy, or adoption
- Four weeks of family care leave to help employees support their family and loved ones in emergencies
- Backup dependent care and subsidized dependent care policies available for all employees.
5. Splunk Inc
Ranked 14th in the Software industry in the annual Rankings of America’s Most JUST Companies
The Benefits:
- 20 weeks of paid parental leave to both primary and secondary caregivers
- Subsidized dependent care and backup dependent care through Bright Horizons caregiving, which also offers additional benefits in the form of tutoring services and caregiving advisors.
Methodology note: All of these companies exemplify leading practice by offering inclusive paid parental leave for 20 or more weeks to both primary and secondary caregivers, in addition to offering emergency backup and subsidized routine dependent care policies.
