Traction Advisory’s Post

By 2025, there will be 62+ million unpaid family caregivers in the U.S. economy. Large employers play a pivotal role in our interconnected caregiving ecosystem, yet few have visibility into their 'invisible' caregiving employees missing from HR data & diversity reporting. And most workers will experience one of five caregiving stages while working, yet don't identify as 'caregiver' despite the care they provide. Join our spring measurement movement - learn how to turn your care data into your care advantage. www.caresprint.org/contact Find sources in our L&D library: www.caresprint.org/library --------------- CareSprint is a national 501(c)(3) nonprofit serving to lift up America from last-to-first ranking in work/life quality & family care. Our open solutions & consulting services guide employers to sprint into action to drive stronger gender, health, and economic outcomes for today's working families. Contact: info@caresprint.org #CountInCare #CareSprint #HR #talent #data #caregiving #caregiver #parents #mothers #DEIB #EmployeeXP #inclusion #retention

There are more than 37 million #eldercare providers in the U.S., with nearly 60% of them being women delivering unpaid care. As a caregiver for both my mom and grandmother, I share both the blessing and burden of caring for loved ones. The impact to women and their careers is significant. #Caregiving responsibilities often require women to miss time on the job, like I did today for mom's doctor's visit. Others choose to reduce their work hours, go from full-time to part-time, or leave the workforce entirely. As leaders, employers and policymakers, we should ask ourselves what more can we do to support caregivers. It's noble, necessary and growing, and solutions are needed. Let's start generating ideas💡.

Did you know that 73% of U.S. employees currently have caregiving responsibilities, with a significant impact on women, often leading to job cutbacks or the workforce altogether? A recent survey highlighted that 65% of registered voters consider caregiving benefits important when choosing a job. Employee turnover costs U.S. businesses more than $1 trillion annually. Offering caregiving benefits may just be the key role to retaining your workforce. A recent study across five companies revealed that offering child care benefits resulted in a ROI of up to 425%. It's time to check in on your caregiving employees. What's important to them? #Caregiving #EmployeeBenefits #WorkplaceSupport

A new report from Harvard Business School spotlights a massive win for today’s workforce. Employers investing in caregiving benefits for their employees are far more likely to see better outcomes such as higher retention, deeper engagement and productivity, and significant impact in DEI efforts — especially regarding supporting women in the workforce. The study results from years of independent data analysis from care concierge Wellthy and their work with more than 100 companies supporting family caregivers. Read the report here: https://lnkd.in/gFUBhxHf #caregiving #HR #workplacetrends 

Women Shoulder the Responsibility of Caregiving Of the 53 million Americans who were caregivers to an adult or child with a disability in 2020, more than 60% were women. Around the world, up to 81% are women, providing assistance with a range of daily activities, from meal preparation to bathing. As the population ages, there will be increased demand for caregiving, and the burden will fall disproportionately on women. According to the Commonwealth Fund’s 2023 International Health Policy Survey: 🌎 Across 10 high-income countries, including the U.S., at least one of five women acted as caregivers. 🗺️ In seven of the 10 countries, women were significantly more likely to be a caregiver than men. 👩🏼🦳 In the U.S., women who provided informal care or assistance to a family member were significantly more likely to experience high rates of stress, anxiety, and depression than men who provided care.

It's time to address the gender pay gap in caregiving! Employed women caregivers deserve equal pay for their hard work. Let's advocate for fair compensation and support for all caregivers. Read the article: https://bit.ly/3S6g3gK via #TeamCarePal #caregiving #familycaregivers #OutOfLoveBook 💪🏼 #EqualPay #Caregiving #GenderEquality 🌟

The Unequal Weight of Caregiving: Women Shoulder the Responsibility in 10 Countries Of the 53 million Americans who were caregivers to an adult or child with a disability in 2020, more than 60 percent were women. Around the world, up to 81 percent are women, providing assistance with a range of daily activities, from meal preparation to bathing. As the population ages, there will be increased demand for caregiving, and the burden will fall disproportionately on women.    According to the Commonwealth Fund’s 2023 International Health Policy Survey:  * Across 10 high-income countries, including the U.S., at least one of five women acted as caregivers. * In seven of the 10 countries, women were significantly more likely to be a caregiver then men. * In the U.S., women who provided informal care or assistance to a family member were significantly more likely to experience high rates of stress, anxiety, and depression than men who provided care. 

Women working in the healthcare field indicate disproportionate stress and anxiety around their caregiving roles at work and home in contrast with their male counterparts. Healthcare organizations can support women in medicine and prevent the leaky pipeline phenomenon that can be caused by burnout due to “double-duty caregiving”. Here’s how: 🔹 Provision of on-site childcare 🔹 Paid parental and sick leave 🔹 Cultivating an organizational culture whose norms support the use of paid leave Women As One accelerates the careers of women physicians. Join our one-of-a-kind community today.➡️ https://lnkd.in/dVeECUXN Data Source: Journal of Medical Internet Research, 2023 #Caregiving #WomenInHealthcare #WomenInMedicine #OrganizationalSupport

Women make up more than 60% of all unpaid family caregivers for aging adults, and the most common demographic of caregivers today are women in the workforce between ages 45-64. They are often balancing care for an aging loved one alongside care for their own children, all while juggling the demands of work. The impact of care on women’s health can be profound, and that’s examined in this piece from Next Avenue that looks at how the stress and demands of caregiving can increase the risk of chronic conditions, depression, and anxiety—making caregiving an enormous women’s health issue. “Working caregivers often find themselves in a difficult juggling act of maintaining their professional standards while also providing quality care,” Next Avenue reports. “About 24% of female family caregivers worry about their work performance being judged negatively due to their caregiving responsibilities, while one in three are forced to consider early retirement in order to maintain their role.” Read more here: https://hubs.la/Q02K8dM80 #genderequity #caregiving #workplacewellbeing

There are more than 53 million caregivers in the U.S., many of whom balance full-time work with their caregiving responsibilities. With the aging population, this number is only set to increase. And by 2030, 73 million Americans will be 65 or older. As the founder of The Caregiving Years Training Academy, Denise Brown, aptly states, "Everyone will be touched by a caregiving situation just because of the demographics in our country." Supporting caregivers isn't just a nice-to-have; it's essential for fostering a productive and compassionate work environment. Looking for key ways employers can support your caregiving workforce? Check out this article from SUCCESS Magazine on "How Company Leaders Can Offer Caregiver Support to an Employee" for actionable insights: https://lnkd.in/d9ESdvRB Consider partnering with Grayce to ensure your caregivers receive the flexibility, compassion, and support they need to thrive both at work and home. #Grayce #Caregiving #EmployeeWellness