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Caregiving benefits: Expanding the conversation beyond paid leave

More companies offer paid leave to caregivers Research from Genworth, the National Business Group on Health and MetLife all confirm that caregivers in the workplace are facing challenges ranging from absenteeism, presenteeism and emotional distress to physical health issues and financial burdens. From caring for loved ones with serious health conditions and sick children to maternity and paternity leave and even mental health days, a paid leave program is the mark of many forward-thinking organizations.

Fri, 06/07/2019 - 11:06

Innovative employers enhance caregiver benefits

[...]by 2040 the percentage of people aged 65 and older will have nearly doubled to nearly 22%, up from 13% in 2010. According to the Families and Work Institute’s 2016 National Study of Employers, 42% of employers offer elder care resource and referral services and 78% provide some amount of either paid or unpaid time off for employees who need to care for aging relatives. [...]25% of all family caregivers are younger millennials and 50% are under the age of 50.

Wed, 04/10/2019 - 10:05

Microsoft introduces family caregiver leave benefit

Microsoft has upped the ante on its already-enviable employee benefits package by adding paid leave for employees who need to take care of an ailing family member. According to recent research from the Northeast Business Group on Health and AARP, caregiving is among the top 10 employee health and wellness benefits priorities for employers, and most employers agree that in the next five years, caregiving is going to become an increasingly important issue among employees.

Mon, 04/08/2019 - 15:52

Why employers need to offer benefits to informal caregivers

[...]23% of employees are spending 41 hours or longer each week caring for a relative, according to a new report from the Northeast Business Group on Health. [...]65% of the insurance company’s employees or their relatives using the service received a changed diagnosis. While more than three in five workers in the United States are covered by the Family Medical Leave Act, which guarantees up to 12 weeks of unpaid leave, it isn’t possible for most caregivers to lose their salary.

Mon, 04/08/2019 - 14:50