Investing in your working caregivers is not just socially responsible, it's profitable.
The numbers don't lie. Right now working caregivers represent 35% of the workforce in North America, with that number increasing annually. By 2035 it's projected that the majority of professionals will also have some form of caregiving responsibility.
In Canada alone, $1.3B of productivity is lost per year as the result of absenteeism, presenteeism and turnover, among others related to caregiving.
While this may present a challenge for some organizations, this is is also a huge opportunity.
Employers need to understand their working caregiver demographic and quantify the potential impact of caregiver burden on their bottom lines. With this knowledge, they can prepare for the pressure on their workforce mitigating the financial impact while protecting and harnessing the strength of this untapped potential.
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