Family Caregiver Benefits for Employees
Paragon offers voluntary benefits in addition to our traditional U.S. domestic and international relocation services. One of Paragon’s voluntary benefits, eldercare services for employees caring for their parents or other loved ones, is of particular interest to many corporations. The number of Fortune 500 companies that have started to address this growing need is growing quickly; but, more work and programs are needed to meet employees’ needs.
U.S. employees face a continuing challenge to care for older family members while also working. The situation is exacerbated with the so-called Sandwich Generation, who balance caring for children at the same time. Outside of the Family and Medical Leave Act (FMLA) of 1993, employee support is minimal. And yet, it is clear that additional options for assistance are needed. The question companies are asking most frequently is what is the return on investment for providing such benefits.
Respect A Caregiver’s Time (ReACT) and AARP completed a study to specifically answer the ROI question. They conclude there is a healthy return for corporations when the right benefits are offered. Flextime and telecommuting are two well-known options that provide a positive ROI. The opportunity for companies who embrace this movement is higher productivity, better retention and a clear advantage in recruiting situations. Talent Management has a great deal to gain by pursuing these benefits.
Paragon believes in the importance of eldercare benefits for employees and offers services to meet this need through its subsidiary, Paragon Home Resources (PHR). PHR’s services can be provided to employees as a voluntary benefit, at no cost to the company. Paragon has identified that caregiving stress can take a turn for the worse when employees move or relocate for career opportunities. By offering eldercare assistance in addition to relocation services, Paragon provides a more complete solution for families on the move. To find out more, click here.