Navient Again Named a Best Place to Work for Caregivers

Rhea-AI Summary

Navient (Nasdaq: NAVI) has been recognized for the third year as a Best Place to Work for Working Daughters by Working Daughter, a community for women balancing eldercare with careers. The annual list highlights companies that support family caregivers and raises awareness of how businesses make caregiving and professional success compatible.

Working Daughter reports that more than one in six working Americans assist with the care of elderly or disabled family members, with 70% of caregivers facing work-related difficulties due to their dual roles. Navient offers various employee benefits to support working caregivers, including dependent care assistance, employee resource groups, and mental health and wellbeing programs.

Patty McKeown, Navient's chief human resources officer, emphasized the company's commitment to helping employees fulfill commitments to families of all kinds while ensuring their success at work.

HERNDON, Va., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) has been recognized for the third year as a Best Place to Work for Working Daughters, according to Working Daughter, a community for women balancing eldercare with their careers. The annual list recognizes companies that support family caregivers and also raises awareness of how businesses help make caregiving and professional success compatible.

"The companies on this list understand that supporting working caregivers is a business imperative,” said Liz O’Donnell, Working Daughter founder. “While many companies have established initiatives to assist employees who are parents, it is equally critical to acknowledge and support employees who are caring for aging parents and other adult family members.”

Working Daughter finds that more than one in six working Americans assist with the care of a family member, relative, or friend who is elderly or has a disability. Seventy percent of those caregivers suffer work-related difficulties due to their dual roles.

“We’re proud of the employee benefits Navient offers to help relieve the unique pressures of working caregivers,” said Patty McKeown, Navient’s chief human resources officer. “From dependent care assistance and employee resource groups to mental health and wellbeing programs, we’re doing our very best to ensure our team's success and help each employee fulfill commitments to families of all kinds.”

About Navient
Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education and government. Learn more at navient.com.

About Working Daughter
Working Daughter's mission is twofold: to make sure no one goes through caregiving alone and to make care and career compatible. Working Daughter operates a nationally recognized support group for family caregivers and its WD at Work program helps businesses retain caregiving employees.

Contact:
Media: Cate Fitzgerald, 317-806-8775, catherine.fitzgerald@navient.com

Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

FAQ

What recognition did Navient (NAVI) receive in 2024?

Navient (NAVI) was recognized for the third year as a Best Place to Work for Working Daughters by Working Daughter, a community for women balancing eldercare with careers.

How does Navient (NAVI) support working caregivers?

Navient (NAVI) supports working caregivers through various employee benefits, including dependent care assistance, employee resource groups, and mental health and wellbeing programs.

What percentage of caregivers face work-related difficulties according to the Navient (NAVI) press release?

According to the press release, 70% of caregivers suffer work-related difficulties due to their dual roles as employees and caregivers.

How many working Americans assist with care for family members, according to the Navient (NAVI) announcement?

The press release states that more than one in six working Americans assist with the care of a family member, relative, or friend who is elderly or has a disability.

Who commented on Navient's (NAVI) recognition as a Best Place to Work for Working Daughters?

Patty McKeown, Navient's chief human resources officer, commented on the recognition and emphasized the company's commitment to supporting working caregivers.