When regular care arrangements fall through or emergencies arise, many employees have to miss work to cater to a senior relative's needs. This affects the flow of work and hampers productivity.
However, with employer elder care benefits, employers can put an end to the daily struggle their workers face with elder caregiving and help them focus on their careers. Elder care employee benefits, such as employer sponsored elder care, are provided by organizations like Bright Horizons, a leader in this space.
The Need for Employer Elder Care Benefits
Employer elder care benefits are a win-win for employees and employers. They give employees peace of mind and a healthy work-life balance, while employers see an increase in productivity, reduced absenteeism, and a boost in employee retention.
Recent research shows that 69% of employees have had to rearrange work schedules to cater to their senior relatives’ needs, while others have had to decrease their working hours or take unpaid leave to meet elder caregiving demands.
More so, given the unpredictability of elder caregiving needs, the disruptions employees face at work are often last-minute and unexpected. Employee productivity takes a hit due to shuffling, rescheduling, and frequent breaks, and companies lose about $34 million annually due to employee absenteeism.
However, with employer elder care benefits like employer back-up care and child and elder care benefits, employees can stay fully committed to their work, even during elder care emergencies. Bright Horizons provides reliable employer back-up care that offers support for employees and their dependents.
Employer elder care benefits contribute greatly to employee retention. Many employees have at least one senior relative for whom they are providing or coordinating care, and they’re looking for careers with organizations that provide the support they need to achieve work-life balance. Organizations like yours can help by introducing employer elder care support and, in turn, you’ll likely retain and attract the best employees.
Bright Horizons’ Employer Elder Care Benefits
Bright Horizons operates employer-sponsored child care centers for organizations around the world, which offer back-up child care benefits and employer on-site child care. We offer personalized company-sponsored child care that matches the needs and schedules of employers and their employees.
We develop and manage employer-sponsored child care centers for organizations around the world, hiring qualified teachers, creating a customized curriculum, and establishing and working to reach organizational goals. At Bright Horizons, we are committed to providing organizations with the most effective employer elder care benefits — to help enhance productivity, retain employees, and offer support. Bright Horizons’ elder care employee benefits include access to real-time advice, in-home needs assessments, an interactive care platform, companion care, care search and evaluation tools, and more.
Other Bright Horizons Benefits
At Bright Horizons, we’re trusted by over 1,000 companies across the globe to provide the best support for both employers and employees. Bright Horizons offers a range of helpful benefits, including on-site child care, employer back-up care, education assistance, college coaching, and more. Our reliable solutions are built on over 30 years of experience.