Exploring the Shift: Impact of the Aging Population on Workplaces and Benefits
by Joe Reed
A recent S&P Global study delving into the evolving landscape of employee benefits and workplace dynamics sheds significant light on the experiences of family caregivers. The findings from this report not only underscore changing workplace demographics, they also emphasize the pressing need for employers to adapt their policies and benefits to support a growing population of older working adults.
As projections indicate, by 2030 adults aged 65 and above will outnumber children in the US, revealing that employers will play a crucial role in accommodating the needs of working caregivers. While significant strides have been made in this regard, the report discusses persistent challenges in managing daily activities, coordinating services and support, transportation, and medical or nursing tasks, faced by caregivers of adults and aging parents stressing the essential role employers play in addressing these issues.
The S&P study points out that childcare concerns are receiving more attention from employers and significantly, adult caregiving responsibilities far too often go overlooked, leaving those who struggle with work-life balance and caregiving duties to fend for themselves. This underscores the necessity for offering increasingly specialized interventions by proactive employers to foster a more supportive work environment.
With a rising demand for flexibility in the workplace, including provisions for caregiving responsibilities and hybrid work setups, innovative solutions like BUDDY and BUDDY BENEFITS are gaining tremendous significance. BUDDY, an AI-powered personal health assistant, offers real-time monitoring of loved ones, providing working caregivers with greater peace of mind and enabling them to stay connected to their families remotely.
In the pursuit of supporting employees and catering to the needs of a modern workforce, it’s essential for organizations to embrace innovative solutions and health-tech such as BUDDY.
Available at: https://www.spglobal.com/en/research-insights/special-reports/working-while-caregiving