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January 2025 Volume 23, Number 1 | |||||
Don’t Leave Pet Parents in the DoghouseThere’s a new family dynamic that employers need to consider: pets. With pet ownership at an all-time high, companies that don’t support pet parents risk losing talent. As of 2023, nearly 66% of U.S. households have a pet. This represents a steady increase. Thirty years ago only 56% of households had pets. The data shows no signs of slowing down. Millennials make up the largest share of pet owners at 33%; they are three times more likely to have animal companions rather than human children. With Millennials also comprising the biggest segment of the workforce, their preferences carry workplace influence.
Pets Improve Mental and Physical Health
Experts attribute the rise in pet ownership to several factors. With more remote and hybrid work options, employees enjoy the companionship and health benefits of having pets at home.
Caring For Pets Affects Job Satisfaction
Pet care is taking a toll on working owners’ ability to do their jobs. Per a 2024 Vetster survey, 7% of pet parents have quit a job to find another one more accommodating of animal care needs. Another 24% have considered it. Sixty percent would think about leaving if their job conflicted with pet care.
Small Steps Reap Big Rewards The good news is employers can take small, affordable steps to support pet parents—and enjoy big returns. The Vetster survey found onethird of employees said pet benefits would make them more loyal to their company and less likely to leave.
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This Just In ... Wage Growth Starts to Lose Steam as Labor Market Cools Time to Rethink Existing Benefit Strategies Does Your Wellness Program Need an Inclusion Check-Up? Closing the Financial Inclusion Gap: How Employers Can Help Don’t Leave Pet Parents in the Doghouse
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