61% of employed caregivers struggle with work-caregiving balance, prompting companies to offer elder care benefits to boost productivity and reduce turnover.
Companies are increasingly supporting employees who are caregivers for elderly relatives, as a 2023 survey shows that 61% of employed caregivers struggle to balance work and caregiving. Benefits like elder care referrals, backup services, and flexible hours are being offered to alleviate this burden. Such support not only aids employees but also reduces turnover and boosts productivity, with potential returns on investment ranging from 225% to 340%. Caregivers are encouraged to communicate their needs and explore additional resources.
October 06, 2024
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