Benefits can be a key element of employee satisfaction. Eighty-one percent of employees said an employer's benefits package is an important factor in whether they accept a job, and benefits, such as a healthy work-life balance, ranked second as a leading motivator for changing jobs, after salary.
As desire for work-life balance increases, so do the number of caregivers in the U.S. Americans providing unpaid care increased from 18% (43.5 million) in 2015 to 21% (53 million) in 2020. Fifty-three million Americans are caregivers, and 61% of those caregivers works a full-time job.
The time caregivers spend providing care also has increased, with almost half spending 10–29 hours of their week devoted to caregiving and 27% spending 30 hours or more providing care. So in many cases, employees who are caregivers cannot always take the time to research their employer-provided benefits and select those that can provide the most help.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.