Despite the growing professional home care industry and relatively affordable rates, family caregivers still provide tens of billions of hours of unpaid care annually, a new report from AARP has found. And that care is valued at an estimated $470 billion — more than both the total out-of-pocket spending on health care in the U.S. […]
Harvard Business School
Throughout the past decade, more and more Americans have been forced to leave their jobs to take care of aging loved ones. It’s a trend all but guaranteed to continue moving forward — unless employers start teaming up with home care providers. In the U.S. alone, roughly 44 million people step in as informal caregivers. […]
Recognizing the competitive value of home care providers, a growing number of employers in various industries have started offering caregiving benefits as a way to improve workers’ attendance, morale and performance. While programs vary, they often offer employees a set number of subsidized care days per year — preventing workers from taking time off when […]