Forbes on Nostr: Employee Caregivers: A Silent Pandemic CEOs Must Pay Attention To ========== More and ...
Employee Caregivers: A Silent Pandemic CEOs Must Pay Attention To
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More and more employees will have to juggle work and caregiving. A Harvard Business School report reveals that 73% of employees have caregiving responsibilities. By 2030, there will be an estimated 73 million people aged 65 or older in the US. Caregiving is emotionally and physically demanding, with 38% of caregivers finding it incredibly stressful. Nearly one in four US caregivers stated that caregiving has worsened their health. Caregiving affects both employees and employers, with 70% of working caregivers experiencing work-related difficulties. 40% of employee caregivers have reduced their hours or quit their jobs. Caregiving reduces employee productivity and increases turnover. Only 56% of caregivers inform their managers of their responsibilities. Absenteeism from caregiving costs the US economy $25.2 billion in lost productivity. Companies can improve their employee caregiving strategy by removing stigmas and offering job assurance, providing comprehensive well-being support and resources, and allowing time off with job security intact. Addressing caregiving is crucial for attracting and retaining talent.
#EmployeeCaregiving #Workplace #Caregivers #EmployeeWellbeing #Productivity #Turnover #Workforce #AgingPopulation #TalentRetention
https://www.forbes.com/sites/julianhayesii/2024/06/29/employee-caregivers-a-silent-pandemic-ceos-must-pay-attention-to/
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More and more employees will have to juggle work and caregiving. A Harvard Business School report reveals that 73% of employees have caregiving responsibilities. By 2030, there will be an estimated 73 million people aged 65 or older in the US. Caregiving is emotionally and physically demanding, with 38% of caregivers finding it incredibly stressful. Nearly one in four US caregivers stated that caregiving has worsened their health. Caregiving affects both employees and employers, with 70% of working caregivers experiencing work-related difficulties. 40% of employee caregivers have reduced their hours or quit their jobs. Caregiving reduces employee productivity and increases turnover. Only 56% of caregivers inform their managers of their responsibilities. Absenteeism from caregiving costs the US economy $25.2 billion in lost productivity. Companies can improve their employee caregiving strategy by removing stigmas and offering job assurance, providing comprehensive well-being support and resources, and allowing time off with job security intact. Addressing caregiving is crucial for attracting and retaining talent.
#EmployeeCaregiving #Workplace #Caregivers #EmployeeWellbeing #Productivity #Turnover #Workforce #AgingPopulation #TalentRetention
https://www.forbes.com/sites/julianhayesii/2024/06/29/employee-caregivers-a-silent-pandemic-ceos-must-pay-attention-to/