In the hustle and bustle of the daily grind, we often forget the reality of our employee’s and colleague’s responsibilities outside of work. Whether these responsibilities are to an elder relative or to their dependent children, approximately 43.5 million Americans are currently providing unpaid or informal caregiving. Your employees and colleagues are finding it more difficult to balance successful career development while fulfilling their caregiving responsibilities.
Employers need to take into consideration the caretaker benefits they can offer employees. Joseph B. Fuller, Professor of Management Practice at the Harvard Business School, states “The costs associated with voluntary turnover and lost productivity driven by caretaking duties are much more substantial than employers take into account.”
Read further for information on the impact of unpaid caregiving on employees:READ MORE