Learn About Bright Horizons Employer-Sponsored Elder Care

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Building a better workforce with employer-sponsored child care

Eldercare is equivalent to a full-time job many employees are forced to mix with their day job. Studies have shown that this costs organizations up to $34 million in loss annually. Employees have been recorded to miss work, cut down on hours, and overall display a reduced level of productivity due to taking care of an aged family member. Businesses today are taking the initiative to create employer-sponsored eldercare programs to help curve their losses. Because, believe it or not, more than 20% of your staff are quietly taking care of an aged family member.

Bright Horizons are at the forefront of helping companies experience employer eldercare benefits. As one of the industry leaders of company-sponsored child care and eldercare, Bright Horizons has helped thousands of employers and employees effectively manage eldercare. Employer-sponsored eldercare from Bright Horizons provides access to tools, provide personalized guidelines, and perform onsite assessment for the 20 million people who become caregivers each year.

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FAQs on Employer Sponsored Elder Care

Providing company-sponsored eldercare is more of a financial decision for a company than an emotional one. With annual losses up to $30 million due to eldercare. Employer eldercare benefits a company’s bottom line. Instead of decreased employee productivity and fewer billable hours, employers can have their money’s worth via an increased employee performance.

With Bright Horizons comprehensive designs covering access to essential tools, personalized guidance, and on-site assessments - It has become the gold standard for eldercare proactive solutions.

Eldercare solutions are for employers with decreased employee performance or those looking to increase their company performance. With 20% of company staff being caregivers, this solution is to unburdened employees with caregiving responsibilities.

Elder caregiving is a full-time job and one that comes without a manual. Between the financial and emotional strains it comes with, an employer-sponsored eldercare program more than cuts your burden in half.

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Employer eldercare benefits

61% of working caregivers have reported a negative impact on their day job. This spans from going to work late, leaving early, taking time off, and cutting down on extra hours. This in turn disrupts a company’s performance. Providing employer-sponsored eldercare comes with the following benefits.

Help address the needs of aging family members: Unlike child care, there are no set rules for taking care of aging family members. People have no idea what to expect with aged family members and thus the reason for employer-sponsored eldercare programs. One of the benefits is that it helps employees identify the needs of elders. With proper training and tools, workers will learn to identify and solve elder needs in a way it won’t disrupt their jobs.

Provide essential caregiving tools: Another benefit of eldercare is that it provides essential tools to caregivers. These include access to store and easy reference to a care recipient’s health history and care plan that will help caregivers track and manage appointments, medicine dosages, exercise regimens, and other caregiving duties. This also includes communication tools that create communication sync with family, in-house aides, and any other available caretaker. 

How effective is the employer-sponsored eldercare

The primary goal of employer-sponsored eldercare is to aid employees ineffectively deal with aged family member’s care. This is primarily designed to reduce absenteeism and minimize the need for employees to cut hours. Statistically, employer-sponsored eldercare has proven beneficial for employers and their employees in several industries. Lawyers amongst other professionals have admitted that employer-sponsored eldercare improves their work productivity. For new companies considering the practice, a survey regarding how many of your workers are elder caregivers will help you decide if you should.

Businesses cultivating employer-sponsored eldercare

Law firms are one of the biggest providers of employer-sponsored eldercare programs. They understand productive hours and this is one of the ways they ensure employees are not distracted. Other industries such as financial service providers, manufacturing companies, and even healthcare companies also offer a company-sponsored eldercare program. Although, whether your company needs one is not a matter of your industry. Understanding your employees’ needs and helping them best improve is the goal.

Explore solutions for your employees

Family care benefits have never been more important. See how Bright Horizons can support your team.

Looking to book care or access your employee benefits? Get started here.

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.