Impact of Caregiving on Productivity

The care crisis significantly hampers U.S. productivity, costing tens of billions of dollars annually due to lost revenue, absenteeism, and employee turnover. Many workers leave jobs due to the inability to balance work demands with caregiving responsibilities, with the impact disproportionately affecting women. An astonishing 86% of hidden workers identified in a study were caregivers, indicating a vast pool of valuable talent that employers often overlook. The necessity for businesses to address these caregiving challenges is underscored by demographic trends that indicate this issue is not diminishing but rather increasing.