At Paycom, we support working parents every step of the way, from preparing to welcome a new family member to finding child care when school’s closed. Learn more about our benefits in this blog post. https://pycm.co/4cIYmvO
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There are many different ways employers can alleviate the financial stress experienced by caregivers. The first step is by supporting them with personalized financial education that helps them easily access benefits at the times that matter most.
A recent report revealed that 73% of employees in the US are caregivers. Juggling work responsibilities with caregiving duties can be overwhelming, and employers have a unique opportunity to provide valuable support. One effective way to assist employees with caregiver responsibilities, to make the most of their salary, and support the overall financial health of the household is with financial education. 💸 Our recent blog explores how employers can support their employees who have caregiver responsibilities. Read more below ⬇️ https://hubs.li/Q02kRsdK0 #financialeducation
How employers can care for carers with financial education
nudge-global.com
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A recent report revealed that 73% of employees in the US are caregivers. Juggling work responsibilities with caregiving duties can be overwhelming, and employers have a unique opportunity to provide valuable support. One effective way to assist employees with caregiver responsibilities, to make the most of their salary, and support the overall financial health of the household is with financial education. 💸 Our recent blog explores how employers can support their employees who have caregiver responsibilities. Read more below ⬇️ https://hubs.li/Q02kRsdK0 #financialeducation
How employers can care for carers with financial education
nudge-global.com
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"You don't even consider joining an employer if they're not offering medical insurance because you can't work if you don't have basic healthcare. The same is true for child care. Make room at the table for these discussions, because without solving this problem for your workforce, you're not offering the benefits that allow them to work and focus." Our Chief Growth Officer Julie Devine recently spoke with Employee Benefit News about the current child care crisis in the U.S. and how employers can take an active role in helping to solve it for their working parents and employees. Check it out below! https://lnkd.in/emqqXhin
Can employers solve the child care crisis?
benefitnews.com
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A couple of days ago I sat down with the @AFR to discuss the care economy. I think it’s important to add some more context to the story and editorial that appeared today. There are many good reasons to invest in care. Educators in childcare centres prepare our children for school, disability support workers help people with a disability live the lives they want to live, and personal carers in aged care homes look after our grandparents. No one would deny the important social and economic gains from their work. Yes, productivity growth in the care economy will likely be lower than in other sectors – care work is human work. If you speed it up, it often loses its value. But that doesn’t mean you shouldn’t look for productivity wins where you can. It is sensible and necessary for governments to continue to invest in improving the efficiency and quality of these services. https://lnkd.in/gnCp_hyy
‘Care economy’ won’t boost productivity: Wood
afr.com
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Medical, Dental, Vision, Life and Disability Insuranxe are table stakes. What are companies doing to differentiate themselves in the area of benefits? More and more companies are looking at things like pet insurance, lifestyle FSAs, enhanced mental health and childcare. A new report found companies that offered child care benefits to their employees saw up to a 425% return on their investment. They found that for every dollar spent on child care benefits, companies earned between roughly a dollar and $4.25 back through reduced absences, lateness, and lower rates of attrition. https://lnkd.in/geBmjcef
Child care benefits for workers effectively pay for themselves, new study finds
axios.com
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Interested in an unpaid full-time job? No one is, but many are doing it anyway. The sandwich generation (individuals with young children and aging parents) logs roughly 50 hours of caregiving per week. This is a huge burden to bear, and when something’s gotta give, it’s usually related to their paid jobs. These workers are cutting down on hours, passing up (deserved) promotions, or simply leaving the workforce entirely. As companies, we can support the sandwich generation by: ✅ Offering flexible work arrangements with remote work and flexible hours ✅ Creating Employee Assistance Programs with access to counseling, support groups, and resources ✅ Providing tools (like Kith + Kin) that can help people share the load of caregiving #caregiversupport #caregiverburnout #burnoutprevention
What is the 'sandwich generation'? Many adults struggle with caregiving, bills and work
usatoday.com
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Are you part of the sandwich generation? Is the squeeze getting tight? Please talk to your employers about what they can do to help. Many offer caregiver supports you may not even know about. It's worth asking the question to have the support there when you need it.
Interested in an unpaid full-time job? No one is, but many are doing it anyway. The sandwich generation (individuals with young children and aging parents) logs roughly 50 hours of caregiving per week. This is a huge burden to bear, and when something’s gotta give, it’s usually related to their paid jobs. These workers are cutting down on hours, passing up (deserved) promotions, or simply leaving the workforce entirely. As companies, we can support the sandwich generation by: ✅ Offering flexible work arrangements with remote work and flexible hours ✅ Creating Employee Assistance Programs with access to counseling, support groups, and resources ✅ Providing tools (like Kith + Kin) that can help people share the load of caregiving #caregiversupport #caregiverburnout #burnoutprevention
What is the 'sandwich generation'? Many adults struggle with caregiving, bills and work
usatoday.com
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Planning for caregiving at home is daunting. I wrote this piece on how to hire caregivers versus using an agency. It is like running a small business! CNBC https://lnkd.in/edKtxUtb
Op-ed: Finding a good caregiver can be daunting. Here are steps to hire the right one
cnbc.com
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As a working parent, have you ever considered what would happen if your child became disabled or critically ill? It's a scenario no one wants to imagine, but it's a reality many families face. When this happens, it's often the mother who leaves the workforce or reduces hours, a decision that can have long-lasting impacts on career trajectory and family finances. But what if employers could offer a safety net? By providing child disability insurance, companies can support their team members when they're facing one of life's toughest challenges. And you know what? It pays off. Research by Harvard Business School professor Joseph Fuller indicates that when companies invest in caregiving support, they see amazing results – from improved loyalty to lower turnover to increased productivity. Employers, are you offering this kind of support? And employees, would this benefit give you peace of mind?
Companies that respect 'caregiving' can show measurable gains, research shows | Institute for Business in Global Society
hbs.edu
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Caregivers generally tend to their elderly/disabled family members as a labor of love, but it can also be taxing for them financially and otherwise. These eleven tips can help you manage the financial side of caregiving to keep things under control...
11 Financial Tips to Make Caregiving Easier – Bautis Financial
https://bautisfinancial.com
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