Among the highlights of the report:

Nearly half of all employees take time off for caregiving, and more than half consider quitting their jobs.
Care benefits from employers can reduce absenteeism, with employees taking up to 16 fewer days off per year.
Families spend almost 20% of their annual income on child care per child, forcing some parents to forgo employment.
Eighty-six percent of working parents are more likely to stay with employers that offer care benefits.
Non-desk, hourly and frontline workers face the greatest barriers to care.
Fifty-one percent of the U.S. population lives in child care deserts, where there are not enough licensed or professional care options. This may force many working mothers to leave the workforce.
Informal and family caregivers provide a $600 billion value to the economy.
Retaining as few as 1% of eligible employees can pay the cost of care benefits.
Every dollar spent on child care benefits provides employers with a net gain ranging from 90 cents to $4.25, which is a 425% return on investment.

Instant Insights /

Lack of family care costs employers $1T annually in lost productivity