Diane Ty, Managing Director of Future of Aging at the Milken Institute
๐ข๐ก #๐๐๐ง๐๐ต๐ผ๐: ๐๐บ๐ฝ๐น๐ผ๐๐ฒ๐ฟ๐, ๐๐โ๐ ๐ง๐ถ๐บ๐ฒ ๐๐ผ ๐๐ฎ๐ฟ๐ฒ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ #๐๐ฎ๐ฟ๐ฒ๐ด๐ถ๐๐ฒ๐ฟ๐ 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:
๐ง Over 53 million Americans are caregivers.
๐ผ A staggering 60% of these caregivers also maintain paid employment.
๐ธ This dual responsibility costs employers $33 billion in productivity losses each year.
โItโs akin to juggling a full-time job and a part-time role of caring for a loved one,โ Diane explained.
โOur research shows that flexible work arrangements, distinct paid leave, and a supportive company culture can tremendously alleviate this burden.โ
Dianeโs dedication to this cause is deeply personal: โI lost my father to Alzheimerโs 12 years ago. It was one of the most challenging journeys for my family.โ
๐ฅ Now, sheโs channeling her insights into actionable solutions. The Milken Instituteโs latest report, โSupporting Family Caregiving: How Employers Can Lead,โ provides clear strategies that companies can implement, such as:
โ Acknowledging the need for flexible work schedules
โ Offering dedicated caregiver leave, separate from sick or vacation time
โ Providing financial and technological support
โ Cultivating a caregiver-friendly workplace culture
