The survey, conducted among 500 employers and 500 employees in the United States, found that 22% of Sandwich Generation caregivers left their previous job because of their caregiving responsibilities. Among all caregivers, they were most likely to be concerned about job burnout, their own mental health and well-being, and caregiving responsibilities.
Employees cited life insurance (64%), paid family and medical leave (63%) and disability insurance (52%) as “extremely valuable.” More than two-fifths (43%) of employees said they were informed about benefit options by their employer once a year or less.
While more than two-thirds (69%) of employers say their company’s financial health is improving, employees and employers agree that the stability of the U.S. economy is a growing concern. Employees and employers agree that the stability of the U.S. economy is a top concern, second only to inflation.
“There are unique opportunities for employers to support those who are caring for a loved one,” said Amy Friedrich, president of benefits and protections at Principal, in a statement. “It starts with understanding your employee population and their wants and needs for benefits programs. With more than half of the workforce identifying as a caregiver at some point in their lives, it’s becoming increasingly important to feel financially protected and supported at work.”
This text was originally published by Benefits Canada.
