Are Caregiving Benefits the Next Employee Benefit Package Staple?

According to a survey from Care.com, 95% of employers are in the process of reconfiguring their employee benefits packages, largely driven by the desire to improve productivity amid concerns about economic downturn. 

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Interestingly, caregiving benefits have emerged as a major contributor that employers have turned to in addressing these concerns. In fact, nearly half of all employers in the US (46%) are prioritizing childcare benefits among their employee benefits offerings, while only slightly fewer (43%) have added senior care benefits, as well. 

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These kinds of benefits have become especially important to the Millennial generation, which makes up the largest percentage of the current US workforce (35%) while simultaneously raising their Gen Z and Gen Alpha offspring and taking over an increasing amount of caregiving responsibilities for their aging Baby Boomer parents, as well. 

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You can read more about this data and analysis here.