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Seramount, a strategic professional services and research firm, has revealed its annual list of the 2023 100 Best Companies for working parents.
This year’s winners continue to set the standard by providing inclusive benefits for families, including paid gender-neutral parental leave, subsidized child care, bereavement leave after miscarriage, reimbursement for fertility expenses, and increased mental health benefits for employees.
Spring Health is one of the 100 companies that earned a spot on this year’s list.
"We're proud to be named one of the world's best companies for working parents because supporting every member of our team through all of life's challenges is our guiding principle," says Spring Health Chief People Officer Karishma Patel Buford.
"Our parental leave policy surpasses our peer benchmarks, and our parent and caregiver employee resource group, OffSpring, is building community, safeguarding mental health, and bringing awareness to the challenges working parents face."
“Our 100 Best Companies are going the extra mile to create inclusive work environments for their parents and caregivers,” says Subha V. Barry, President of Seramount.
“In addition to gender-neutral parental leave, organizations are upping their benefit offerings to cover necessities like childcare and sick-child care. Not only that, they recognize that this generation of workers will likely have to care for a sick family member at some point and are providing the support to do so. We are proud to honor these forward-thinking companies.”
Key findings from the 2023 100 Best Companies:
- The 100 Best Companies offer an average of 11 weeks of fully paid parental leave for full-time employees, the same as 2022
- 91% of the 100 Best Companies offer bereavement leave after a miscarriage, as compared to 77% that offered bereavement leave for miscarriages in 2022
- More 100 Best Companies are subsidizing everyday childcare (39% in 2023 vs. 36% in 2022) as well as sick-child care (72% in 2023 vs. 68% in 2022)
- Sick-child care may take the form of sick-child care provided at on-site or near-site child care centers, hospitals, or other sick bay facility, or by a service that provides for in-home sick-child care
- 85% of the 100 Best Companies offer caregiving leave (e.g., to care for a sick family member over an extended period of time), with an average of 40 days of caregiving leave offered per year
- More 100 Best Companies are offering reimbursement for fertility procedures such as egg freezing (89% in 2023 vs. 74% in 2022) and surrogacy expenses (76% in 2023 vs. 61% in 2022)
- Reimbursement for in vitro fertilization has increased to 94%, up from 90% in 2022
- Among the 100 Best Companies, 88% offer coverage for travel for healthcare services where access is limited by state legislative action
- 94% of the 100 Best Companies have policies supporting workplace mental health, compared to 92% in 2022
About the Methodology
The 2023 Seramount 100 Best Companies application includes more than 300 questions related to leave policies, workforce representation, benefits, childcare, advancement programs, flexibility, and more. It surveys the availability and usage of these programs, as well as the accountability of the many managers who oversee them.
The names of applicants that do not make the list are kept confidential. Company profiles and data come from submitted applications and reflect 2022 data.
About Seramount
Seramount is a strategic professional services and research firm dedicated to supporting high-performing, inclusive workplaces. Over four decades, we’ve established a strong, data-driven understanding of the employee experience, which lays the groundwork for everything we do.
Seramount partners with over 450 of the world’s most influential companies, large and small, to offer pragmatic solutions including best practice DEI research, workplace assessment, employee learning and development, and talent sourcing. These offerings empower companies to navigate a dynamic corporate environment and to cultivate a resilient, connected workforce that achieves extraordinary outcomes.
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