The Next Baby Boom: The Millennials become parents Barbara Wankoff
Boston College Roundtable
April 28, 2016
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Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S.
member firm of KPMG International Cooperative (“KPMG International”). KPMG
International’s member firms have 174,000 professionals, including more than
9,000 partners, in 155 countries.
3 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Inclusive Culture
Ultimately, a diverse and inclusive culture spurs innovation and
drives growth because it attracts and empowers top talent who
can be true to themselves and release the fullness of their
creative energies.
─ Lynne Doughtie
Chairman and CEO
4 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Work/Life Programs and Resources
Lactation Program
LifeWorks®
New Parent
Career Coaching
Maternity
Leave – PML
Guide
Parental Leave
Phased return
from Leave
Elder Care
Formal Flexibility Informal
Flexibility
Backup Care
Care
Advantage ®
Adoption
Childcare
Discounts
Time off
MyLife
Benefits
Enhanced New Parent
Support
Discounts
New
Parent’s
Guide
Maternity
Leave MSO
MyLife Overview
6 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
MyLife Website
7 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Enhanced New Parent Support
8 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Adoption & Maternity Leave
Birth Mothers’ Paid Time-off 2
Other Caregivers Paid Time-off 3
Adoption Reimbursement & Paid Time-off 1
Variable Compensation Protection Policy 4
9 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Paternity and Maternity Leave
New Fathers…
2014 2015
Total # of New Fathers
946
Total # of New Fathers
899
# % # %
who take parental leave 618 65% 605 67%
average weeks taken 2 weeks, 1 day ~ 2 weeks, 1 day ~
New Mothers…
2014 2015
Total # of New Mothers Total # of New Mothers
# % # %
who take parental leave 425 100% 529 100%
average months taken 3.3 63% 3.4 61%
10 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Lactation Program Hospital Grade Pump
Executive Travel Kits
Consultative Calls
Access to 24/7 consultation
Transition back to work
How will I be able to
continue breastfeeding
when I return to work?
Where will I store my milk?
What will I do when I am at
a client site or traveling?
11 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
New Parent Career Coaching 5 hours of confidential 1:1 coaching
Navigate the challenges of parenthood
and the impact on life and career
Identify self-sabotaging behaviors &
challenge perceived limitations
Build an action plan for overcoming
concerns & barriers
Craft solutions to remain engaged and
committed at work & home
How am I going to juggle
it all?
I just end up feeling guilty all
day – I’m not giving 100% at
home or at work.
I can’t seem to focus now
that I’m back at work.
Maybe I should just quit.
12 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
New Parent Career Coaching Utilization
First Full Year
New Mothers % Access
Coaching
Average
number of
sessions
419 12% 3
13 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
New Parent Career Coaching Feedback
“The coaching sessions have been great. They’ve been real moments of
calm that have allowed me to successfully bridge home and work during
times when both were changing/had changed tremendously. Coming out
of the sessions, I’ve felt better prepared to navigate potentially
challenging situations, mostly through thoughtful communications and
planning.”
14 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Time Off
Paid Time Off 2
Sabbatical Program 3
Holidays 1
Other Types of Leave 4
15 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Back-up care
“Back-up care provides me
with the ability to meet my
client and professional
commitments while
ensuring my children are
cared for. It is a HUGE
benefit for me.”
16 © 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
100 Reasons We’re the Best
“Flexibility! Having had a new baby recently, my wife
and I realized soon how flexible my bosses, peers
and the HR policies were to help not just my wife but
me as well ensuring that I could maintain a healthy
work-life balance and focus time on the new baby in
addition to delivering high quality client work.”
“KPMG is a great place to work for so
many reasons. I love our Jump Start
Fridays because it gives me a little
more time to spend doing what I'm
passionate about… volunteering!”
“Empowerment, involvement and
networking through Diversity and
Inclusion #100Reasons.”
“At KPMG, the only obstacle to success is yourself. A
recent birth in the family resulted in complications.
Thanks to our generous PTO policy, I was able to
take 2 weeks to provide support. So grateful!” Karen
J Riddle
Questions
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independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
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