In This Post:
Presenters:
Sarah Tomacruz
Vice President of Strategic Partnerships
Joe Refano
Vice President of Strategic Partnerships
Last week, we welcomed Care for Business to our Meet a Vendor webinar series, where Vice Presidents of Strategic Partnerships, Sarah Tomacruz and Joe Refano, showcased their flexible and comprehensive caregiving product suite. During the session, they shared valuable strategies with our attendees on how to boost productivity, enhance employee retention, and improve overall wellness for working caregivers.
The crisis in care
- 49% of parents expect to spend $18,000 per year on child care expenses in 2024, with 20% anticipating costs of $36,000 or more.
- 91% of working parents have had to make significant life changes to afford child care.
- 54% of parents report longer daycare waitlists due to the ongoing child care shortage.
- 81% of parents are managing multiple waitlists, with 43% waiting four months or more for availability.
Sources: 2024 Cost of Care, Care’s Future of Benefits Report
Impact on business
Absenteeism: 87% of employees have missed work due to the unavailability of regular care.
Retention: 20% of employees have left their jobs because their employer did not offer adequate care benefits.
Mental Wellbeing: Working parents experiencing child care stress face a 115% higher likelihood of developing anxiety and depression.
Source: Care’s Future of Benefits Report, JAMA Network
Who is Care for Business?
Care for Business offers flexible care solutions tailored to meet your clients’ needs for reliable childcare, backup care, senior care, pet care, and more. Their mission is to support families through every stage of caregiving. Today, Care for Business serves millions of families both at home and in the workplace, across 17+ countries—and continues to expand.
Care's comprehensive caregiver support
Care Membership: Access to the leading network for care on an employer or employee-paid basis.
Backup Care: Subsidized, background-checked caregivers.
Care Specialists: 1:1 support in navigating caregiving challenges.
Care Spending Account: Financial support for care-related costs.
Care Talks: Advice and guidance from expert speakers on caregiving, financial literacy, and more.
LifeMart: Discounts on childcare, education, travel, fitness, and more.
Care for College: Navigate the complexities of getting into college with 1:1 expert advising and more.
On-Demand Tutoring: 24/7 access to professional tutors for grades K-12 and college.
Breastfeeding Support: 1-1 breastfeeding guidance from Board Certified Lactation Consultants.
HomePay: Access to experts who can handle household tax and payroll needs.
Care membership
A Care membership provides unlimited access to the largest network of caregivers for childcare, elder care, pet care, housekeeping, tutoring, and more.
- More choices: Select from in-home caregivers or care centers, all within the largest care network.
- Industry-leading safety standards: Care conducts thorough background checks on all caregivers, actively monitors the platform, and has a dedicated incident response team for added security.
- Ongoing innovation: Care continuously enhances the user experience, making it easier for families to find, book, and review caregivers, while helping caregivers secure jobs.
Backup care
Subsidized care options for children, adults, and pets when regular care is unavailable.
Care for Business offers flexible solutions for your organization and employees:
- Unrivaled caregiver choice: Employees gain access to a vast network of in-home caregivers and care centers with a low daily copay.
- Personal network reimbursement: Employees can receive reimbursement for care provided outside of the Care network, whether it’s by a family member, friend, center, camp, or independent caregiver.
- Customizable program design: Your organization can tailor the program by determining the number of eligible backup care days, co-pay amounts, personal network reimbursement policies, and even offer additional infant care days to support new parents transitioning back to work.
Care specialist
Personalized 1:1 guidance and dedicated support for all caregiving needs.
- Dedicated support: Care Specialists provide hands-on assistance, helping employees find caregivers, manage time-consuming tasks, and navigate complex care situations to ease the burden of caregiving.
- Access to experts: Care Specialists come from diverse backgrounds, including former teachers, nannies, autism specialists, social workers, and gerontologists—each with an average of 6.5 years of experience in their field.
- Care navigation: These specialists also serve as benefit navigators, connecting employees with caregiving resources and benefits available through their employer.
A dedicated portal for your care benefits
- Access benefits across web, app, and by phone—it’s the employee’s choice.
- A single member home page to access all benefits in one place.
- Add external benefit providers to your member home page to provide a singles access point for your benefits.
Get in touch with the Care for Business team today!
To learn more about how Care for Business can support your employees with comprehensive caregiving solutions, reach out to their team today. Whether you’re looking to enhance productivity, improve retention, or provide peace of mind to your workforce, Care for Business offers flexible, reliable, and innovative care options designed to meet your organization’s unique needs.
Don’t miss the opportunity to empower your employees with the support they need at every stage of caregiving. Contact Care for Business and start building a more resilient and engaged workforce today!
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