Two recent developments reflect increasing recognition that many workers have responsibilities for care outside their work, and that employers can do something to mitigate stress linked to these responsibilities. In fact, these efforts suggest that employers who implement policies and benefits to facilitate their lives for family caregivers will be put to a competitive advantage in the narrow labor market.
“About 50 million Americans, or 21% of the adult population, provide care for a loved one, with more than 60% of these caregivers who also occupy jobs”, according to the new “of Milken Institute”Support family care: how employers can direct“Report.” Double responsibility becomes more and more common, because 10,000 adults are 65 years old each day, which leads to projections that by 2030, 73 million people will be aged 65 and over, 70% have Need a long -term form of care at a given time in their lives.
Employers in an industry focused on the aging adult service in the country should not be surprised by these figures.
NOTING that Eld Eldercare can be predictable Than Childcare Becuse It Often is triggered by an unxpected event such as a fall, stroke or diagnosis, the report also cites research that 80% of CAREGIVERS for older adults believe that companies are more underrstanding of childcare They are caregiver responsibilities for the elderly. “This feeling is particularly pronounced among those who have experienced child care and care for the elderly, emphasizing the need for companies to respond to this disparity and provide balanced support to all care responsibilities,” wrote the authors of the report.
Family care affects the financial stability of workers, career progression and general well-being, declared The authors, Priyanka Shah and Diane Ty, associate director and general manager, respectively, of the Milken Institute Future of Aging.
“Employers can take up these challenges – and protect their net profit – by supporting employees balancing the responsibilities of work and caregivers or considering leaving their roles,” they wrote on the online destination page of the report.
For companies wishing to support employees who are family caregivers, the report suggests three ways to do so:
- Offer adaptive schedules and remote work options to help caregivers manage their responsibilities without sacrificing their productivity.
- Implement policies such as paid care leave (separated from your vacation or personal day policies), educational resources, support groups for employees and financial tools adapted to the needs of caregivers.
- Use technology care platforms and promote work environments where employees feel comfortable to identify themselves as family caregivers.
“Organizations that prioritize caregivers experience measurable benefits, including improving employee retention, higher commitment and greater productivity,” write Shah and Ty. “These efforts improve the well-being of the workforce and position organizations as leaders in an evolving landscape of talents.”
You will find more information in the report. He comes then that Us News launches his first list of “The best companies that work: support family care“To” provide an overview of the best workplaces that allow employees to more easily manage their family care and their professional commitments so that they can contribute their best to the success of the company “, according to the vice-president of the ‘Us News, Carly Chase.
The list estimates 80 listed companies in 29 industries using “a data and expertise coalescence” from sources such as Milken, US News, The Hopkins Business of Health Initiative and the Society for Human Resource Management, according to US News. The famous companies were to be listed on the Russell index 3000. (Scroll down here To find out more about the methodology.)
“As requests for care increase, our vision of this list underlines the essential role of employers in promoting support work places,” Ty said in a press release announcing the notes.
The chief of staff of the ShRM, the head of government affairs and the secretary of the company Emily M. Dickens stressed that, as people live longer, an increasing number of employees are found to be part of the “generation of sandwich”, taking care of their children and their parents.
“Organizations that recognize this challenge and prioritize the well-being of caregivers show not only empathy, but a real commitment to create compassionate and sustainable workplaces,” she said in a statement. “Offer resources to help employees take care of sick, aging or injured people go beyond being an advantage-it is essential to cultivate resilient and devoted workforce.”
You can see familiar names on the inaugural list. Congratulations are in order for health care Aveanna, in the category of health services; Hines, in the real estate category; Hub International and Walker & Dunlop, in the financial services category; Yardi, in the IT category, software and services; And all the other companies have recognized.
Laws A. Bowers is the editor -in -chief of McKnight’s living senior. Read his other columns here. Follow it on X (formerly Twitter) at Laws_bowers.