The time, energy and resources employees devote to caregiving presents an unprecedented and often overlooked challenge for employers. (Photo: iStock)
Little known fact: many of your current employees are working a second full-time job. No, I'm not talking about driving for a car-sharing service. Not freelancing. No, these employees are caring for elderly or disabled loved ones.
Consider the statistics: 42 percent of employed Americans (more than 54 million people) have provided eldercare in the last five years. Sixty-nine percent of working caregivers had to rearrange their work schedule, decrease hours or take a leave because of these responsibilities. And, the estimated cost of caregiving in terms of lost productivity hours is a whopping $33 billion each year.
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