As the workplace evolves to support employees in their personal lives as well as their careers, a number of the world’s top companies are beginning to realize the same thing: Many of their employees are caring for children or aging parents—oftentimes both—and nearly all of those employees are looking to their employers for support.
Caregiving support is a growing trend among employee benefits, especially in the wake of the COVID-19 pandemic, with companies such as Dow, Hilton, and Voya Financial responding to employees’ need for support.
“There’s a growing momentum” around caregiving support, said Carole Mendoza, vice president of benefits at Voya Financial in New York City. “With more employees speaking up about their unique needs and more visibility of those needs post-COVID, we know more about what support employees need to be most productive at work.”
Changing demographics and an increase in the number of caregivers—and the number of those caregivers who need support themselves—are bringing the issue into sharper focus.
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