12 reasons why benefits leaders shouldn’t wait to bring in caregiving support benefits
As caregivers increase in both number and recognition, bringing benefits in to help them supports both employees and the employer.
As a benefit leader, you are always looking for ways to support your employees and provide them with the resources they need to thrive. While in previous years that may have included more mental health support, fertility support, or even family support, how do you ensure your meeting the needs of all employees — not just a fraction of them?
As caregivers increase in both number and recognition, here are 12 reasons why you can’t wait to bring in benefits to better support their needs:
- Improved productivity: Employees who are struggling to manage caregiving responsibilities can be distracted at work, leading to decreased productivity. With benefits to support their time and ability to care for their loved ones, caregivers can feel better equipped to succeed at work.
- Reduced absenteeism: Caregiving responsibilities can sometimes require employees to take time off work, leading to increased absenteeism. Providing caregiving support can help employees feel more able to tackle the growing needs of their loved one while avoiding having to take extra time off work.
- Better employee retention: When employees feel supported by their employer, they are more likely to stay with the company. Providing caregiving support benefits can be an excellent way to enhance employee retention.
- Increase in employee morale: Knowing that their employer cares about their wellbeing can have a positive impact on employee morale. By providing support for caregivers, you are recognizing the fact that they are essentially working a role both at work and at home — and extending a hand to help them out.
- Reduced stress: The stress involved in caring for a loved one can quickly impact an employee’s wn wellbeing. With the help of a benefit built to meet their unique needs, caregivers can better locate support and lessen their stress levels.
- Improved health outcomes: When caring for a loved one, caregivers can often neglect their own health needs. Instead of letting their own health falter, caregivers can prioritize their wellbeing even when they’re busy caregiving for another.
- Reduced healthcare costs: By helping employees better manage their health needs, caregiving support benefits can help reduce healthcare costs associated with stress-related illnesses and other health issues.
- Improved work-life calibration: Caregiving responsibilities can sometimes make it difficult to achieve a healthy work-life balance. Providing caregiving support benefits can help employees better manage their caregiving responsibilities while still having time for their personal lives.
- Increased employee engagement: When employees feel supported by their employer with the proper benefits to meet their needs, they are more likely to be engaged in their work.
- More attractive recruitment: Offering caregiving support benefits can be a valuable recruiting tool, attracting top talent who are looking for employers that value employee well-being.
- Improved diversity, equity, and inclusion: Providing caregiving support benefits can help support employees from diverse backgrounds who may have unique caregiving responsibilities and face different challenges.
- Trust. As an employer, you have a responsibility to support the wellbeing of your employees. Providing caregiving support benefits can help fulfill this responsibility and gain the trust of your employees.
Providing caregiving support benefits can have a positive impact on your employees’ wellbeing, job satisfaction, and productivity. By offering these benefits, you can enhance your company’s reputation as an employer that values employee well-being and attract top talent.
Don’t wait to bring in caregiving support benefits to your employee workforce. Learn more about how Cleo can help support your business.