Why should employers support working caregivers?

A problem that demands a solution

When employees are overwhelmed by caregiving obligations, their productivity and well-being suffers. Many find themselves struggling to meet the needs of caring for family members while also maintaining their professional and personal responsibilities.


Adding CareGo to any benefit package is an easy way to improve retention, reduce absenteeism, and support DEI initiatives while providing employees with a sense of security, preparedness and confidence throughout their caregiving journey.

Why should employers support working caregivers?

A problem that demands a solution

When employees are overwhelmed by caregiving obligations, their productivity and well-being suffers. Many find themselves struggling to meet the needs of caring for family members while also maintaining their professional and personal responsibilities.

Adding CareGo to any benefit package is an easy way to improve retention, reduce absenteeism, and support DEI initiatives while providing employees with a sense of security, preparedness and confidence throughout their caregiving journey.

a daughter and mother embracing while sitting on a couch

The underestimated cost of caregiving

Employers may not realize that caregiver responsibilities reduce productivity and add millions of dollars in hidden costs to a company’s bottom line due to absenteeism and job turnover.

$13.4b

amount spent on healthcare costs for employees who are also caregivers

68%

caregivers who arrived late or departed early, took leave, reduced hours, or stopped working altogether

$44b

amount of lost revenue annually due to decreased productivity & employee turnover

A healthy elderly Asian man sitting on a couch being caressed by his daughter and son

Caregivers are speaking out and we need to listen

Caregiving roles and responsibilities can be intermittent or constant, and can last for years. Often caught in a cycle of responsibilities and worry, caring for a loved one can affect the employee’s ability to remain engaged and productive, and be financially prepared for their own future.

Add a benefit that really matters to your workforce

CareGo helps create a supportive workplace culture – providing working caregivers the necessary tools and guidance to care for their loved ones and prioritize their own well-being.

Improve retention

Employers can support and retain valuable employees by providing CareGo to those caring for aging relatives. Offering CareGo as an employer funded benefit helps save time and money – encouraging workers to stay in the workforce in today’s competitive labor market.

Support DEI initiatives

The challenges of caregiving does not affect all employees in the same way. CareGo can help maintain a diverse workforce by meeting the unique needs of different sectors and creating a culture of respect and inclusion for all.

Decrease absenteeism

Caregivers need to be cared for, too. CareGo’s solution provides employee caregivers the opportunity to work with a trusted Care Advisor and care team to share caregiving tasks. By accessing local goods and services, employees can get help with care tasks during the workday.

Reduce employee stress

Working caregivers often experience higher levels of stress affecting their ability to concentrate at work and perform their best. Through personal check-ins from a Care Advisor, CareGo provides employees the resources to take care of their own needs.

Create supportive workplace culture

Offering CareGo as part of a benefit package is a win-win. It helps an employer’s workforce feel valued and appreciated, and cultivates an environment where employees have all the tools and resources to be successful on and off the job.

Thoughtfully designed to help employees

Our Care Advisors provide one-on-one sessions, actionable next steps, and emotional support. Employees can save time and money accessing goods and services like meal prep, in-home care, bill pay, home maintenance, transportation, wills and estate planning, and more.

Tailored to cover caregiving gaps

Our experience has shown that current caregiving solutions leave significant gaps in expertise, resources and support. CareGo combines digital technology and concierge service to help alleviate stressors, offer guidance and ease caregiving demands.

Brought to you by an industry leader

Sompo has been caring for others since 1888, and we are bringing our expertise and experience to you. We are committed to healthy aging by building products, partnerships, and services to transform the way people care for themselves and each other.

A laptop computer and an iPhone displaying a CareGo banner

We partner with you to support your benefit strategy

Together, we work to provide your employees with a sense of security, preparedness and confidence throughout their caregiving journey

Learn how CareGo
can help

Supporting your employees with expertise and innovation

Learn how
CareGo can help

Supporting your employees with expertise and innovation