The Business Case
Caregiver-friendly workplaces are more competitive and successful.
Employees are looking for employers that understand the need for work-life balance and the need for flexibility to address family issues. Employers that embrace caregiving-friendly strategies and solutions will be able to recruit and retain top-quality talent.
The Business Case
You can boost employee productivity, recruit new talent and help your business grow. Decades of research show that employers who design their policies, benefits and manager training with caregivers in mind actually see major benefits. Their employees- even those who are not caregivers themselves—report higher employee engagement, higher retention, higher productivity, and more willingness to recruit others to join the organization.
The Return on Investment for Caregiver-Friendly Strategies
Based on a 2016 report from AARP and ReACT, for every dollar invested in flex-time, businesses can expect a return between $1.70 - $4.34 dollars. For every dollar invested in telecommuting, businesses can expect a return between $2.46 - $4.45 dollars. While not easy for all businesses to adopt, these policies provide crucial flexibility to caregivers.
Boost Employee Productivity
Boost Employee Productivity - Caregiver-Friendly Strategies, such as flex-time and telecommuting, are effective solutions to boost employee productivity because they give employees the flexibility they need to be successful at home and at work. These solutions have proven to have a real return on investment for employers.
Increase Employee Morale
Employees with caregiving responsibilities are more likely to stay with an employer who understands and supports them while they are providing care. This increases employee retention and morale. Small employers know the importance of retaining good employees who have substantial institutional knowledge and who can be difficult and expensive to replace.
Prepare for Other Challenges
A caregiver-friendly culture positively impacts other challenges that small employers face. Certain strategies, such as cross-training, can help small employers prepare for an employee leaving the business for other reasons than caregiving.
How can you make your workplace more caregiver friendly?
There are steps every employer can take—no matter how limited you think your time and/or finances are. Even small changes can make a huge difference for your employees. Click the button below to check out some ideas, and choose the next step that’s best for your organization.
