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The Hustle Daily Show
The newest addition to workplace benefits? Caregiving support
Oct 24, 2023
Employers are adding caregiving support as a new benefit. Thrilling activities, Elon Musk's donation offer, and Tinder's matchmaker feature are discussed. The lack of caregiving support in workplace benefits and the economic cost of caregiving in the US are examined. The impact of caregiving support on employee productivity and well-being is explored.
12:05
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Quick takeaways
- Caregiving support is a crucial addition to workplace benefits, addressing the high turnover rates caused by employees' caregiving responsibilities outside of work.
- Companies like Wealthy are providing comprehensive elder care support, including assistance in finding assisted living facilities, resulting in significant time savings for employees and increased retention rates for companies.
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