Today lots of companies offer child care benefits to help their employees who are raising children. But many companies don’t think about the needs of their employees who may be taking care of aging parents, too.
Known as the Sandwich Generation, nearly half of all men and women in their 40s and 50s are “sandwiched” between their children and their parents, providing some level of care for both. And many of these men and women who provide care for ill, disabled or aging family members – almost 60% – are fulltime employees.
If you’re an employer, you need to be aware that senior care has the potential to become a business crisis.
Why is that?
Each year, businesses are losing tens of billions in productivity costs due to elder care issues. Employees who care for their parents have to adjust their work schedules to take mom or dad to doctors’ and other appointments. They have to take sick time when parents have emergencies or require more care. They take or make calls while at work to handle issues concerning their mom or dad, which interrupts and distracts them from work-related tasks. All of these issues require time and energy away from their job.
On the employee’s side of things, their career may suffer, because they have turn down promotions, work less hours or even quit their jobs to meet their care-giving responsibilities.
Unfortunately, senior care and the Sandwich Generation’s needs aren’t going to go away any time soon – especially as the Baby Boomers grow older and young adults move back home for financial support from their parents. Therefore, employers need to recognize and provide solutions for their employee caregivers.
Here are some things you may want to consider doing to help your employees with caregiving responsibilities:
1. Create a positive company culture that allows your employees to talk about what’s going on and how it affects their job performance and stress levels.
2. Offer flexible work schedules for all working families, including those who care for seniors.
3. Provide senior care assistance benefits, such as elder care planning assistance and care referrals for companies like Keeping In Touch Solutions. We provide your employees with several services for their loved ones, including daily check-in calls, medication reminders and senior fraud prevention.
4. Become a resource for your employees by providing senior care toolkits and other informational resources.
When your employees don’t feel as stressed and overwhelmed from caring for their aging parents, you’ll see their productivity and retention rates improve while their absenteeism declines. So make the investment in supporting your employees with senior care needs. After all, it makes good business sense.
To learn more about Keeping In Touch Solutions and the services we provide, contact us today. We would love to be a resource for your employees.
- Diana Beam