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How Employers Can Support Working Caregivers | BCG

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Explore Careers Within Careers Search Jobs Early Careers Culture, Values, and Inclusion Experienced Professionals Locations Events The Working Caregivers Series

Working caregivers—particularly women—left the workforce in record numbers during the pandemic. Now they're returning to work, and companies must deliver the support employees need to make the workplace inclusive and sustainable—or risk losing top talent again.

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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.

What Can Employers Do to Support Working Caregivers?

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.

Know your working caregivers, recognize caregiver strain and burnout, and listen to caregivers’ needs. Offer the range of benefits and resources that working caregivers need, from everyday care support, including subsidies and funding, to emergency support and flexibility in when, how much, and where employees work. Embed and accelerate new ways of working, flexible work schedules, part-time options, and job sharing to help employees balance work and caregiving. Ensure that taking advantage of flexibility options does not hinder career advancement  Foster a culture of openness and inclusion and elevate senior role models who highlight work-life balance for caregivers.  Building a Care Economy: BCG's Emily Kos and Other Leaders on Why Investing Today Will Create a Virtuous Cycle of Prosperity Investing will break through trends that reinforce existing gender gaps and support more gender-inclusive economies and societies.
Learn More Learn More Our Insights on Working Caregivers Public Sector Article March 26, 2024 Childcare Benefits More Than Pay for Themselves at US Companies Costly or cost-effective? Recent BCG research finds that childcare benefits deliver returns of up to 425% of their cost for companies across the US. Learn More

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Modify Cookie Settings Video Impact in 60: Fixing a Broken Care Economy BCG's Impact in 60 series features our experts sharing in 60 seconds how they’re working with clients and partners to tackle global challenges and make a positive impact. Here, BCG's Neeru Ravi explains how the US stands to lose $290 billion in GDP per year if it doesn’t address the broken care economy. Video Impact in 60: Fixing a Broken Care Economy BCG's Impact in 60 series features our experts sharing in 60 seconds how they’re working with clients and partners to tackle global challenges and make a positive impact. Here, BCG's Neeru Ravi explains how the US stands to lose $290 billion in GDP per year if it doesn’t address the broken care economy. Play Video Inclusive Advantage Article July 18, 2023 As Asia-Pacific Ages, a Caregiver Crisis Looms If employee-caregivers must choose between caregiving and being productive employees, a costly talent exodus could ensue. Companies can mitigate the fallout by supporting these employees. Learn More Customer Insights Interview January 25, 2024 Fighting for a Stronger Care Economy With the encouragement of colleagues and mentors, Emily Kos turned her personal frustrations balancing career and family into BCG research that helped inform White House policy. Learn More Inclusive Advantage Report November 15, 2022 Solving the $290 Billion Care Crisis The US care economy is broken. Getting it right is vital to economic prosperity and societal well-being. Learn More Public Sector Article May 3, 2023 Reinventing Childcare for Today’s Workforce More than half of US parents need better care options for their children. Governments, employers, providers, and philanthropies can all help. Learn More Inclusive Advantage Article May 19, 2022 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. Learn More Virtual Equality Lounge @ Davos To stay competitive, companies will need to make support for working caregivers a top priority, both now and after the pandemic. Learn More

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Modify Cookie Settings Video May 26, 2021 Gabrielle’s Story: Discovering What Matters Most BCG’s Gabrielle Novacek shares how she balanced work and caregiving in the aftermath of an unexpected medical diagnosis. Video May 26, 2021 Gabrielle’s Story: Discovering What Matters Most BCG’s Gabrielle Novacek shares how she balanced work and caregiving in the aftermath of an unexpected medical diagnosis. Play Video American Metamorphosis: Fragile Foundations This episode of the "American Metamorphosis" podcast from BCG and Atlantic Re:think examines the mental load many women carry for their households and explores how businesses can bolster support systems for working parents and caregivers. Learn More Our Experts 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.

Gabrielle Novacek

Partner & Director Chicago

Anna Green

Managing Director & Senior Partner Sydney

Emily Kos

Managing Director & Partner Chicago See More Experts

Emily Kos

Managing Director & Partner Chicago

Ashley Dartnell

Alumna

Rohan Sajdeh

Managing Director & Senior Partner Chicago How BCG Supports Working Caregivers 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. Learn more about our caregiver resources for employees Explore Related Capabilities Next Section Gender and Social Inclusion Learn More Capability Future of Work Capability Inclusive Advantage Unlocking the Potential of Those Who Advance the World Careers Alumni Offices Subscribe About How can we assist you? We value the opportunity to connect with you. Please submit your inquiries and feedback, and our experienced professionals are ready to assist you. Contact Us en| ja Follow Us Privacy Policy Terms Of Use Sitemap Responsible Disclosure

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How Employers Can Support Working Caregivers | BCG,AI智能索引,全网链接索引,智能导航,网页索引

    In response to the growing global caregiver crisis, BCG has identified five ways through which employers can ease the burden on working caregivers. Learn more.