Diane Ty, Managing Director of Future of Aging at the Milken Institute

๐—ข๐—ก #๐—›๐—œ๐—ง๐˜€๐—ต๐—ผ๐˜„: ๐—˜๐—บ๐—ฝ๐—น๐—ผ๐˜†๐—ฒ๐—ฟ๐˜€, ๐—œ๐˜โ€™๐˜€ ๐—ง๐—ถ๐—บ๐—ฒ ๐˜๐—ผ ๐—–๐—ฎ๐—ฟ๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ #๐—–๐—ฎ๐—ฟ๐—ฒ๐—ด๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€ We had the pleasure of speaking with Diane Ty, Managing Director of Future of Aging at the Milken Institute, to discuss a growing workforce challenge that demands immediate attention: 

๐Ÿง  Over 53 million Americans are caregivers. 

๐Ÿ’ผ A staggering 60% of these caregivers also maintain paid employment. 

๐Ÿ’ธ This dual responsibility costs employers $33 billion in productivity losses each year. 

โ€œItโ€™s akin to juggling a full-time job and a part-time role of caring for a loved one,โ€ Diane explained. 

โ€œOur research shows that flexible work arrangements, distinct paid leave, and a supportive company culture can tremendously alleviate this burden.โ€

 Dianeโ€™s dedication to this cause is deeply personal: โ€œI lost my father to Alzheimerโ€™s 12 years ago. It was one of the most challenging journeys for my family.โ€ 

๐Ÿ’ฅ Now, sheโ€™s channeling her insights into actionable solutions. The Milken Instituteโ€™s latest report, โ€œSupporting Family Caregiving: How Employers Can Lead,โ€ provides clear strategies that companies can implement, such as:

โœ… Acknowledging the need for flexible work schedules 

โœ… Offering dedicated caregiver leave, separate from sick or vacation time

โœ… Providing financial and technological support 

โœ… Cultivating a caregiver-friendly workplace culture

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