How One Company Paid for Caregiver Support to Retain Talent

Episode 41 of The Diversity Career Podcast explores how a mid-sized tech firm, CloudBridge Systems, implemented a paid caregiver support program — covering elder care, child care for sick kids, and backup care — to stem the disproportionate turnover of women and underrepresented employees. Lucas and Luna dive into the specific costs ($200 per employee per year), the 30% reduction in unplanned absences, and the 15% improvement in retention among caregivers. They discuss why this approach is more effective than simply raising salaries, and how the program was designed to avoid stigma so everyone feels comfortable using it. A concrete look at a benefit that addresses an invisible drain on diverse talent. #CaregiverSupport #RetentionStrategy #UnderrepresentedTalent #ElderCare #BackupCare #WomenInTech #PaidLeave #DiversityAndInclusion #EmployeeBenefits #HRBestPractices #TalentRetention #CloudBridgeSystems #Careers #DiversityCareerPodcast #FexingoBusiness #BusinessPodcast #Inclusion #Equity Keep every episode free: buymeacoffee.com/fexingo