Guiding Caregiving Employees in the Workplace

This technical report issued by S&P Global examines the challenges and support systems for caregivers in the workplace. It highlights that nearly 48 million Americans provide care to adult family members, with a significant portion also holding jobs. The report is based on a survey of 505 HR professionals, revealing that while employers express support for caregivers, formalized caregiving policies are often lacking. The study identifies a gap between the support offered by employers and the actual benefits utilized by caregivers. Many HR professionals acknowledge the need for flexibility and better communication regarding available benefits. The report also discusses barriers to implementing caregiver-friendly policies, including fears of policy abuse and a lack of knowledge about caregiving benefits. Additionally, it notes that parental benefits are more prevalent than those for adult caregivers, indicating a disparity in workplace support. Overall, the findings suggest that while there is a recognition of the importance of supporting caregivers, significant challenges remain in formalizing and communicating these policies effectively.