NEW YORK (PRWEB) MAY 23, 2023
A new report from Arizent, the parent company of Employee Benefit News, an information resource for decision makers in benefits and human resources, examines how organizations are providing assistance to caregiving employees by offering direct care and other benefits. Sponsored by Calm, the research indicates that most employers are falling short, with only one-in-five respondents saying their company is providing dedicated resources to support caregivers.
With an estimated 20% of the American workforce managing caregiving responsibilities along with their professional jobs, many people are walking away from their work to provide time and attention their loved ones need. Employees report that a lack of overall support is the main driver of the stress, fatigue and anxiety that can ultimately lead to them leaving their job.
The report shows that employees who rate their company highly when it comes to caregiving support are much less likely to be interested in new positions, where 69% say that better caregiving benefits would be a primary or contributing factor with accepting a new role.
"Financial benefits can definitely help caregivers, but our research shows that this isn't an issue that employers can throw money at to avoid burnout and turnover," Janet King, Vice President of Arizent Research, says. "We've found that the best way for organizations to retain their top talent is by investing in specific support practices."
Caregivers know what kind of support would make them more productive in the workplace and allow for a healthier work-life balance. 39% of respondents name direct support care as the most effective strategy for meeting their needs, whether it involves access to additional caregivers or breaks from their obligations.
Furthermore, 44% of survey participants say that flexible work schedules and locations will help them manage their caregiving responsibilities.
To read more detailed findings, including which benefits the vast majority of respondents say would have a moderate to huge impact on their ability to provide direct care, download the full report here:
Research Methodology
This study from Arizent/Employee Benefit News was conducted online in February and March 2023 among 500 employees across multiple industries and company sizes. The purpose of the survey is to understand how employees who are caregivers are balancing the demands of work, caregiving and the other parts of their life, including what additional support would be helpful. The survey was designed to get balanced regional representation of respondents, based on the U.S. Census.
For more information on this survey or other Arizent research, contact:
Janet King
Vice President, Research
Arizent
janet.king@arizent.com
M 207-807-4806
About Arizent
Arizent is a business information company that advances professional communities by providing insights and analysis and convening industry leaders. The company uses deep industry expertise and a data-driven platform to deliver its services, which include subscriptions, marketing services, live events and access to Leaders, an executive forum. Arizent also connects business communities through leading financial services brands like American Banker, The Bond Buyer, Financial Planning and National Mortgage News, as well as professional services brands like Accounting Today, Employee Benefit News and Digital Insurance.
About Employee Benefit News
Employee Benefit News (EBN) is the primary media resource for decision makers in the worlds of employee benefits, human resources and workplace culture. As the dynamics of these spaces continue to shift and become increasingly complex, EBN delivers expert insights to allow business leaders to navigate their industries with agility. From helping benefits managers meet the challenges of reducing care costs and improving retirement plans to providing HR leaders with guidance on building a talented and diverse workforce, EBN drives the conversation and delivers the research and analysis to help readers support their companies' objectives.
About Calm
Calm Business is an enterprise-level solution that brings mental health and wellness front and center for global organizations everywhere. We believe that the future of work is mental health and that leaders will drive productivity and improve retention in the workplace by making employee mental health and wellness a priority. In addition, the preventive nature of Calm gets more people the mental health support they need when they need it, leading to lower overall healthcare costs. As the #1 Mental health preventive brand , we bring engaging meditations, masterclasses, sleep stories, and more to help employees reduce their stress and anxiousness levels and be more productive and happy at work. In addition, Calm Business offers organization-level analytics, insights and reporting, dedicated customer service, support for dependents, engagement strategies, and tailored workshops.
Over 3,000+ organizations around the world trust and choose Calm Business as their mental health and wellness partner, including Time USA, Ketchum Inc, XM Radio, Zendesk, Investcorp, McDonald's, University of Cincinnati, Rush University Medical Center, WorkRamp, and Museum of London. Partner with us and drive the mental health conversation forward.
Learn more at https://business.calm.com