The next frontier: Caregiving for our elders
COVID-19 exacerbated what has been referred to as the caregiving crisis, and though childcare tends to be the first thing that tends to come to mind when we think of caregivers, nearly 1 in 5 Americans also provide caregiving support to adults.
The strain employees are feeling has a downstream impact on employers as well. According to a study conducted by Blue Cross Blue Shield, the overall economic impact of unpaid caregiving is estimated to equal $264 billion, a combination of lost jobs, absenteeism, and poorer health outcomes.
Focusing on benefits related to caregiving can help employers reduce the burden of the caregiving crisis, while simultaneously improving population health and overall employee satisfaction.
Gain access to insights in caregiving and what the next frontier in elder care means for employers.