Stipends, PTO and manager support will help caregivers thrive in 2024

Published 2 Min Read

Daughter with arms around older mother
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The majority of employees also have caregiving duties on their plates. What employer offerings will make them want to stay with — or join —  a company in 2024?

Harvard research has found that while 73% of employees have some level of caregiving responsibility, there is a severe lack of understanding and support for this ever-growing population. Though women make up the largest proportion of caregivers in the U.S. and are at greater risk of leaving the workforce to fulfill these responsibilities, the research also showed that one-third of men change jobs after assuming a caregiving role, collectively leading to business losses in the billions of dollars

Ever heard of a baby bonus? Care.com is one of a growing list of companies that offers this kind of financial assistance to new parents, and they supplement it with a $300 meal reimbursement to make sure that food prep is one less thing their employees need to worry about while they settle into their new routine, says Burke.

“There are all of these expenses that you’re not really aware of or familiar with in terms of a baby,” he says. “It’s also an investment from us. Part of this is meeting people where they are and trying to find ways to provide a level of support.”

Lee Hafner
Editor

Lee joined the EBN team in 2022, and covers areas including caregiving, employee health and wellness, healthcare innovation, and company culture. She created EBN's popular Benefits in Action and … Read full bio


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