Latest / The Diversity Career Podcast with Fexingo: Inclusion, Equity, and Underrepresented Professionals
How a Bank Made Caregiver Support a Career Retention Tool
In this episode of The Diversity Career Podcast with Fexingo, Lucas and Luna explore how one major bank turned caregiver support into a career retention strategy. They focus on the bank's policy of offering up to 20 days of backup care per year and a $10,000 annual subsidy for elder care and childcare. The hosts discuss how this program reduced turnover among caregivers by 30% and led to a 15% increase in promotions for those who used the benefit. They argue that caregiver support is not just a diversity initiative but a smart talent management tool that pays for itself through reduced…
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