The Impact of Elder Care Employee Benefits

Elder care employee benefits are essential for employee wellbeing. One in five employees cares for an elderly relative at home, which makes juggling work and caregiving responsibilities quite challenging. Providing care before and after work — on top of an already full workday — makes life tough. Even worse, care needs often arise unexpectedly, forcing employees to take last-minute breaks during work hours to tend to care emergencies.

family photo with baby and grandparents

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 Benefits  

Providing 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 Future 

Research 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. 

Bright Horizons’ Elder Care Employee Benefits  

Bright Horizons has over 30 years of experience providing family care solutions. We offer unique employer elder care benefits that include companion care, personalized elder care guidance, in-home needs assessments, care search and evaluation tools, referrals, a helpful online platform, and more. 

Bright Horizons Services  

In addition to employer elder care benefits, Bright Horizons offers a wide range of other services designed to help both employers and employees. Our services are tailored to meet the needs of employees in all life stages — they include employer on-site child care, back-up child care benefits, workforce education solutions, and a wide range of others. 

WHAT SHOULD I KNOW ABOUT ELDER CARE?

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Bright Horizons is a United States–based child-care provider and is the largest provider of employer-sponsored child care. Employees looking to become a child care teacher are offered the opportunity to earn an early education degree for free as part of their corporate benefits. Search by zip to find a child care center near you. Bright Horizons Global Headquarters are in Newton, Massachusetts, USA.