Retention Strategies: How Employers Can Support Working Caregivers

[AARP] Addressing caregiver support issues in the workplace is not just a benevolent response; it's smart business. It is reported that companies reap a $3-$14 return on every $1 they spend on eldercare benefits. Today's Baby Boomers may well be called "the Eldercare Generation." As more employees remain in the labor force and their parents live longer, businesses have begun stepping up to help overwhelmed workers better balance their professional and family responsibilities. Companies are finding eldercare help to be timely "insurance." That is because both employers and employees benefit when workers have options that make caregiving more manageable. No wonder eldercare benefits and flexible work arrangements are fast becoming a potent recruiting and retention tool. More