What need is Cariloop addressing for an employer?
According to studies and data being published by institutions such as MetLife, Genworth Financial, and AARP, today’s employee caregiver is spending 8-10 hours of their week planning for and managing the care of a loved one, and is doing so for an average period of 3-5 years. Consequently, these employees have seen their production capacity at work fall, their stress levels and healthcare costs increase, their risk of FMLA utilization and turnover skyrocket, and their overall quality of life diminish as they struggle to keep up with everything in front of them.
Our team at Cariloop has developed the tools, services, and platform to address these issues within an employee population. We work with our customers and partners on a daily basis to incorporate these trends around employee caregiving into their risk management strategies. Given the shift in our country’s demographics and the expected rate of change over the next 20-30 years, it’s critical that our nation’s employers review and consider these trends around employee caregiving when implementing their various physical, financial, and emotional wellness initiatives.