As healthcare costs rise and competition for talent intensifies, there’s a growing storm brewing beneath the surface of your workforce: caregiving. And it’s costing more than you think.
- Over 53 million Americans are unpaid family caregivers, and more than 60% of them are working full-time.
- 1 in 5 employees is currently balancing their job with caregiving responsibilities.
- Caregiving-related stress leads to an average 8.3% increase in healthcare costs for employers and $38.2 billion in lost productivity annually in the U.S.
- Employees with caregiving responsibilities are 2.5 times more likely to leave their jobs and are absent up to 9 days more per year than their non-caregiving counterparts.
In a time when employers are under pressure to:
- Attract and retain talent,
- Maximize productivity,
- Fill critical shifts with reliable team members,
- And ensure high-performing employees stay engaged…
Ignoring caregiving is no longer an option. The hidden toll on your workforce can lead to chronic absenteeism, turnover, burnout, and lost revenue.
Companies that implement caregiving benefits—like backup elder care, flexible work arrangements, paid family leave, or caregiver concierge services—are seeing real ROI:
- Attrition reduced by 30-40% in key roles
- Increased employee satisfaction and engagement
- Fewer missed shifts and unplanned absences
This isn’t just about compassion. It’s about operational resilience. When you support caregivers, you’re investing in the stability and sustainability of your workforce.
Caregiving isn’t a personal issue. It’s a business imperative.
Written by: Pat Isaac, CEO of Capital Services, Inc.
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