In a recent episode of The Cred Podcast, host Mac McKelvey sits down with Cariloop’s Co-Founder and CEO Michael Walsh to discuss his personal journey and the mission behind the company, highlighting the critical need for caregiver support in today’s workforce.
The Man Behind the Mission
Michael’s story begins in 2008 during the financial crisis, when his family faced the challenge of caring for his grandfather, who had a brain aneurysm. This personal experience of navigating the complexities of caregiving while balancing work and family life inspired Michael to co-found Cariloop.
His journey as a caregiver continues as he cares for his wife, who has a rare heart condition. This personal connection to caregiving reinforces his commitment to Cariloop’s mission, which is to provide comprehensive support to caregivers, helping them manage the myriad of responsibilities they face.
Broadening the Scope of Caregiving
Caregiving is not limited to caring for elderly parents; it encompasses a wide range of responsibilities, including looking after children, relatives and even friends. Michael points out that many caregivers do not identify as such, which limits the support they receive. Cariloop aims to change this by offering resources and fostering open dialogue in the workplace.
The Business Case
Supporting caregivers is not just a compassionate act; it makes good business sense. Companies that offer caregiver support see increased productivity, reduced absenteeism, and higher employee retention. Cariloop partners with employers to provide a digital and concierge platform that connects caregivers with licensed professionals, offering personalized support and resources. This comprehensive approach allows employees to be more present and productive at work, knowing they have the support they need at home.
Cariloop’s platform offers a range of services, from helping expectant parents navigate pregnancy and childcare to supporting employees caring for terminally ill loved ones. By integrating these services into employee benefits packages, companies can provide holistic support that addresses the social, emotional, and financial aspects of caregiving.