MINNEAPOLIS, Oct. 30, 2024 LifeSpeak Inc. (TSX: LSPK), the leading provider of mental, physical, and family wellbeing solutions for employers, health plans, and other organizations, recognizes the urgent need for tools and resources that support employee caregivers at work and at home. In recognition of National Family Caregivers Month in November, LifeSpeak Inc. is sharing tips that employers can use to help caregivers in what can be lonely and daunting–but ultimately rewarding–work.
The value caregivers provide to our society as a whole is undeniable. Yet, it’s also easy to understand why 41% of parents say most days they are so stressed they cannot function and 60% of all caregivers say they experience stress, depression, and burnout. Also, new data from a Surgeon General’s Advisory Report suggests that parents and caregivers are disproportionately affected by mental health conditions. For example, in 2023, 33% of parents reported high levels of stress in the past month compared with 20% of other adults. Furthermore, the impact of caregiving is felt by employers as workplace productivity is on average one third–or an estimated $5,600 per employee–lower than for non-caregivers, when annualized across all employees.
“National Family Caregivers Month reminds us every year to celebrate the efforts of family caregivers and to advocate for benefits and services that support them,” said Michael Held, founder and CEO of LifeSpeak Inc. “However, it’s important for employers and other organizations to consider caregivers all year long. That’s why LifeSpeak Inc. delivers tangible advice and guidance that is helpful, hopeful, and informative for any caregiving journey, and that is accessible anytime, anywhere.”
According to Held, employers who seek to provide comprehensive support for the mental and physical wellbeing of working caregivers should consider the following tips:
Supporting working caregivers isn’t just a matter of empathy; it’s a strategic imperative for organizations seeking a thriving and productive workforce. By acknowledging the multifaceted challenges caregivers face, providing access to comprehensive resources like those offered by LifeSpeak Inc., and fostering a supportive work environment, employers can empower their employees to navigate the complexities of caregiving while maintaining their wellbeing and contributing to their full potential at work. Ultimately, a supportive approach to caregiving fosters a more resilient, engaged, and productive workforce, benefiting both employees and the organization as a whole.
About LifeSpeak Inc.
Celebrating 20 years of supporting wellbeing, LifeSpeak Inc. is the leading provider of mental, physical, and family wellbeing solutions for employers, health plans, and other organizations across the globe. With a suite of digital solutions, LifeSpeak enables organizations to deliver best-in-class content and human expertise at scale, catering to individuals throughout their wellbeing journeys. The LifeSpeak Inc. portfolio of solutions spans every pillar of wellbeing, including LifeSpeak Mental Health & Resilience, Wellbeats Wellness, Torchlight Parenting & Caregiving, ALAViDA Substance Use, and LIFT session Fitness. Insights from LifeSpeak’s digital and data-driven solutions empower organizations and individuals to take impactful action to strengthen wellbeing and maximize workplace performance.