There’s no denying it: happy, supported employees are more productive and loyal. That’s why it’s crucial for employers to holistically support their teams, especially those who care for a loved one.
Whether you know it or not, family caregivers are an ever-growing portion of your team.
For every 1,000 employees, organizations likely have 200 who double as family caregivers; they spend nearly 4800 hours a week on related activities. Of those, 40% are highly stressed and 33% are poised to leave.
In the face of the “Great Resignation/Great Recalibration,” companies must creatively attract and retain quality, dedicated, and diverse talent.
Keeping to the status quo won’t cut it.
Caring for a loved one is a labor of love, but it’s also extremely stressful.
Whether you’re securing long-term care for a parent suffering from Alzheimer’s, navigating a cancer diagnosis with a spouse, or researching therapists for a child with special needs struggling to talk, caregiving can take its toll.
When you combine caregiving duties with a demanding career, it’s the recipe for a perfect storm.
Employee caregivers are often juggling those duties during work hours, struggling to keep up with a never-ending checklist.
The crunch of our times requires unique solutions that align with the demographic shifts in your organization.
A delicate balancing act is playing out in organizations across this country as employees struggle to be there for their loved ones while being present and productive on the job.
Consequently, employee caregivers suffer disproportionately from mental health issues and other chronic conditions.
Just as maternity and paternity leave and backup childcare stipends are now the norm, caregiving benefits should be the rule, not the exception.
If you’re striving to be a top workplace of choice, a caregiving benefit is no longer a “nice to have.” It’s a “must have.”
Employers can’t afford to ignore this growing elephant in the room.
Doing so could push seasoned, quality employees out the door.
Read more in this edition of the “Future of Business Tech.”
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