Employees are looking for organizations that support their well-being. They need help with elder caregiving, and they want employer elder care benefits — benefits that solve their caregiving needs, offer work-life balance, and give them the ability to juggle it all.
Organizations that provide employer-sponsored elder care enjoy immeasurable business benefits — their employees are more focused, dedicated, and loyal. And, not to mention, revenue gets a boost, too.
Why Workers Need Elder Care Employee BenefitsProviding employer elder care benefits can help improve employees’ lives, allowing them to balance work and caregiving responsibilities. These benefits help alleviate the stress associated with juggling two different roles, and give employees the ability to focus on their careers.
Elder care employee benefits help workers stay productive, meet deadlines, and exceed expectations — these benefits give them ample time to work without disruptions or distractions. When caregiving responsibilities aren’t eating into employees’ workdays, they’ll be able to achieve more; they likely won’t miss as many meetings and appointments or full workdays — all thanks to employer elder care benefits.
Plus, child and elder care benefits, such as employer back-up care, solve additional problems. When care disruptions occur — the nanny goes on vacation, school is closed, or working parents have to leave town on business — back-up care fills in and gives employees reliable care and the peace of mind they need to focus on work.
Why Providing Elder Care Employee Benefits is the FutureResearch shows that nearly 70 million Americans will be over the age of 65 by 2030. Many of these people will leave the workforce, if they haven’t already, and depend on a working relative for their care needs. This means that an increased number of employees will need elder care support from their employers. Organizations that provide the employer elder care benefits employees need to maintain a healthy work-life balance can boost employee retention. On the other hand, organizations that don’t regard employer-sponsored elder care as a necessity will likely lose top employees and fail to attract top talent.
Organizations that offer employer-sponsored elder care will enjoy reduced employee absenteeism, as well as an increase in employee productivity and loyalty. Organizations without employer-sponsored elder care benefits will struggle to achieve their goals, due to absent employees and lower retention rates.
Organizations that introduce elder care employee benefits can help ensure that their workers achieve a healthy work-life balance.