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81% of Employees at Risk: The Urgent Need for Caregiving Benefits

The Cariloop Team | July 1, 2024

A recent UrbanSitter survey revealed that 81% of employees would be more likely to stay with their current employer if they began offering caregiving benefits, with 73% saying it would help them decide on a new job. 

The demand for comprehensive caregiver support can no longer be ignored – particularly as finding affordable and reliable childcare continues to be a top challenge for working parents. The numbers tell the story:

  • 79% of respondents report that childcare is essential for them to be able to work
  • 50% of respondents say childcare is either “difficult” or “very difficult” to find right now
  • 41% of respondents believe childcare benefits or subsidies would help them
  • 40% of respondents have had to reduce hours due to childcare issues
  • 33% of respondents note their caregiving issues often cause a decrease in productivity

And yet, nearly half of the survey respondents say their current employer does not offer any caregiving benefits. Employers – now is the time to act! Do not let this talent leave your organization due to a lack of caregiving benefits and childcare support.

Last year, we partnered with UrbanSitter to integrate their network of in-home care providers, such as babysitters, nannies, tutors and pet sitters, into our benefit offering for employees who have access to Cariloop. Now, together we can work with employers to provide access to personalized coaching, digital tools to plan and manage care needs, as well as a network of resources to help working parents. In addition, employers can add subsidy dollars for employees to use in finding, booking and paying for providers through UrbanSitter. 

Don’t wait for the caregiving crisis to affect your workforce. Act now to provide the support your employees need, and watch your retention rates improve. This investment not only boosts employee satisfaction and productivity but also fosters a more supportive and inclusive work environment. 

Learn more about how you can make a positive impact today by scheduling a demo or emailing us at letstalk@cariloop.com.