To Fix the Labor Shortage, Solve the Care Crisis
The US desperately needs workers. Workers desperately need help taking care of their children and (increasingly) their parents.
Caregivers aren’t just parents of young children. They’re people caring for an ailing spouse, aging relatives, and grown children with disabilities. And let’s face it, women are disproportionately tasked with caregiving responsibilities, which makes them more vulnerable to interruptions in their career and less able to advance at equal rates. Companies need to step up and make caregiver support a top priority—not only because it’s the right thing to do, but because it delivers an advantage in the competition for talent.
The challenge of balancing work and caregiving is a perennial problem that became supercharged during COVID-19—and won't go away when the pandemic ends. In July 2021, when care options were reopening and vaccines were becoming readily available to younger children, our research found that nearly half of all caregivers were still worried about their future at work, as well as their overall well-being. So what can employers do to support caregivers? We have identified five ways to ease the burden on working caregivers.
Our experts can help you implement a variety of innovative options to ease the burden on working caregivers, support employees returning to work after caregiving, and mitigate the risk of losing critical talent.
We are proud to offer best-in-class benefits to support BCG’s working caregivers and are dedicated to listening, learning, and expanding our benefits and support.