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As many as 18 million Americans may put off looking for a job as long as schools are closed, limiting the labor-market recovery.
The calculation is based on the employment rate for the 47 million parents with children under 12, assuming at least one parent has to stay off work to provide childcare, according to a Bloomberg Economics report. The estimate includes parents who have already left the workforce as well as those who are at risk of losing their jobs.
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Organizations aiming to recruit and retain talent can leverage rising employee demand for AI instruction.
Flexible benefits and a caring culture that recognize the double squeeze of child care and eldercare responsibilities on a culture will help retain sandwich-generation talent.
The goal is to strike a thoughtful balance that supports employees during important life events while maintaining productivity, managing costs and ensuring equitable access.
Caregiving should be viewed as a measurable workforce issue directly tied to productivity, retention, employee wellbeing and long-term workforce stability.
Childcare issues are putting pressure on working parents and employers alike. Here's what benefit leaders should know about costs, tax credits and care.
