McKnight’s Senior Living February 3, 2025
Two recent developments reflect the increasing recognition that many workers have caregiving responsibilities outside of their jobs, and that employers can do something to alleviate the stress related to those responsibilities. In fact, these efforts suggest, employers that implement policies and benefits to make life easier for family caregivers will be putting themselves at a competitive advantage in the tight labor market.
“An estimated 50 million Americans, or 21 percent of the adult population, are providing care for a loved one, with greater than 60 percent of these caregivers also holding jobs,” according to the Milken Institute’s new “Supporting Family Caregiving: How Employers Can Lead” report. “The dual responsibility is becoming increasingly common, as 10,000 adults turn 65 every day,...
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