List honors businesses that support employee caregivers
Recently, we went in search of the best places to work for working daughters. In time for National Working Daughters Day, here is our inaugural list. The list recognizes companies that support family caregivers and also raises awareness that businesses must do more to make caregiving and career compatible.
The Best Places To Work for Working Daughters 2022
What we liked: Adobe extends medical coverage to employees’ elderly dependants. Through MediBuddy, dependants have access to services, including discounted health check-ups, pharmacy discounts, second opinion services, and home healthcare. The company also organizes vaccination camps for elderly dependants.
What we liked: Bristol Meyers Squibb hosts work/life seminars on a range of topics including eldercare. And for employees with multi-generational caretaking concerns and responsibilities, it offers resources to help including guidance for home safety inspections, locating in-home care services, community resources, and tips for paying for elder care medical needs.
What we liked: Cisco offers free in-home evaluations for aging parents, holds webinars on eldercare, and offers caregiver concierge support through a partnership with Wellthy. The company also helps employers find caregivers through a partnership with CareLinx and offers back up eldercare service in the event planned coverage falls through or an older family member is discharged from a hospital stay.
What we liked: Employees have access to a free license to download Headspace, a personal guide to mindfulness offering guided exercises, videos and more. Additionally, stress webinars and online Wellbeing Toolkits that provide tips and resources for stress management are offered. Employees can seek assistance through Bright Horizons Family Assistance for coordination of respite care. Employees can also receive up to 8 weeks of paid time off per year for elder care, or to care for a dependent with special needs or a chronically ill family member through the company’s Modern Family Leave Program.
What we liked: Fannie Mae offers up to 10 days of family sick leave per year to care for ill family member(s) and reimbursement of up to $85 per dependant per day up to 45 days per year for back-up dependant care when regular care is unavailable. It also offers access to a consultant to assist with eldercare issues, concerns, resources, and referrals.
What we liked: Fidelity offers a back-up dependant care program that helps employees arrange for care through a national network of in-home caregivers when adult/elder care arrangements are unavailable. It also offers a dependant care flexible spending account for an adult who is incapable of self-care.
What we liked: Morgan Stanley offers elder care planning services, prescription drug discounts for family and friends without insurance, subsidized backup care for adults, and four weeks of paid leave to care for a seriously ill family member.
What we liked: Naviant offer dependent care assistance plans allowing employees to deduct a certain portion of their paycheck to pay for elder care costs. It also offers mental health counseling virtually via Teladoc. Plus, the company ensures all of its leaders are aware of the wellbeing programs offered including offer including 6 wellbeing webinars per year.
What we liked: Salesforce offers end of life doula care and up to 20 working days of paid time off to focus on healing after the loss of a loved one. Plus it offers backup care and concierge services through Wellthy.
What we liked: Seniorlink provides a return to work support program for family caregivers returning from leave. It also offers a catalog of caregiver resources, hosts regular financial planning educational sessions, and stress management programs for employees. Seniorlink also utilizes a coaching approach to build empathy and personal wellbeing into its management and leadership development programs.
About the list
More than 1 in 6 working Americans assist with the care of an elderly or disabled family member, relative, or friend, and many more are preparing to care. Seventy percent of those caregivers suffer work-related difficulties due to their dual roles. Working daughters especially suffer loss of wages and risk losing job-related benefits because they switch to less demanding jobs, take time off, or quit work altogether in order to accommodate their caregiving responsibilities. Even prior to the COVID-19 pandemic, the cost to businesses from caregivers leaving the work force was an estimated $3.3 billion. And yet, despite the growing ranks of employee caregivers, caregiver-related benefits are down from prior years according to the most recent benefits survey from SHRM, the Society for Human Resource Management.
We looked for companies that went beyond offering flex time and EAP services. We wanted to recognize the ones that are getting it right and hold them up as examples of caring cultures. While we hoped to publish a list of 100, we realize know not enough companies have made eldercare a priority. We hope they make they make the list next year and that this list grows exponentially.
Know a company that should be on this list? Sign up here to receive notification when we open up nominations for 2023.