In recent years, business leaders have become increasingly aware of the caregiving burdens affecting their employees’ lives and, by extension, their organizations. At the same time millennials, who make up the largest generational cohort in the workforce, are settling down and starting families, the baby boomer generation is aging and imposing additional elder care responsibilities on their gen-X and millennial children. In recognition of this burden, many progressive organizations have expanded their leave and flexibility offerings for employees with family caregiving responsibilities, but not all employees enjoy these benefits, particularly in the US, where there is no statutory parental leave entitlement.
A major new report from Harvard Business School underscores the significant toll this caregiving burden places on employees’ productivity, which employers may be underestimating. In their report, The Caring Company, Harvard Business School professor Joseph Fuller and Manjari Raman, program director of the school’s Young American Leaders Program, surveyed 1,500 employees and 300 HR leaders to gauge the impact of caregiving responsibilities on workers’ performance, the extent to which employers recognize this effect, the benefits employers are offering to help employees manage these obligations, and how these benefits are being used.
Some of the report’s key findings include:
- 80 percent of employees with caregiving responsibilities said caregiving affected their productivity, but only 24 percent of employers thought caregiving influenced performance, and 52 percent of employers don’t measure the extent of their employees’ caregiving burdens. Employers recognize, however, that work issues such as unplanned absences, late arrivals and early departures from work — which often arise as a result of caregiving obligations — negatively affect employees’ career progression.
- 32 percent of all employees said they had voluntarily left a job during their career due to caregiving responsibilities. The impact is particularly acute among millennial employees: 50 percent of employees aged 26-35 and 27 percent of employees aged 18-25 said they had already left a job due to caregiving responsibilities.
- Among those who had left a job, 57 percent said they had done so to take care of a newborn or adopted child, 49 percent to care for a sick child, 43 percent to manage a child’s needs, 32 percent to take care of an elder family member, and nearly 25 percent left to take care of an ill or disabled family member. The most common reasons they gave for leaving their jobs were that they could not find or afford paid help, or because they were unable to meet their work responsibilities and provide care at the same time.