Because of our aging population, more people over 65 are facing caregiving & employment struggles. Many people at retirement age risk having to care for a parent. Some of these workers may also be caring for a spouse.
Caregiving is largely an unpaid family responsibility. However, this responsibility is already causing a decrease in employment, productivity, and innovation. Neither of these facts is sustainable.
Currently, 22% of retirees left the workforce early due to competing caregiving and employment struggles. Additionally, 25% of Alzheimer's caregivers are sandwiched between caring for parents and children.
At first glance, it would be understandable if corporations thought being part of the solution was expensive. Thankfully, the opposite is true. Organizations can gain a competitive advantage by becoming caring corporations with little financial outlay.What Can Corporations Do?Good news amongst such a challenge. This episode aims to spark conversations on solving this growing crisis. A study by Harvard Business School (Focus on Work) lays out six suggestions. Most of the suggestions add to duties already in practice. One of the most important things a corporation can do is listen. Employees need to be open about their caregiving and employment struggles.
The study suggests that employers understand that caregiving employees are committed to their jobs. We still have outdated assumptions that this is not the case. Allowing workplace flexibility is crucial for employees at all levels of caregiving. This can include child-rearing and eldercare.
For hourly employees, do away with no-fault absenteeism policies. Understanding their struggles will differentiate dedicated employees from others. Knowing that they are dedicated to their jobs, just pulled in many directions, makes a difference.
Provide education and training about having caregivers on the job. Also important, train managers to understand caregiver discrimination. This benefits the organization in many ways, not just the employee.
Offering eldercare support, resources, and referral services can help tremendously. Most family caregivers end up in their situation due to an emergency. This situation does not allow for planning or research. The availability of these resources is nearly a no-cost benefit with huge rewards.
Implementing recruitment practices that recognize the unique variety of skills caregivers acquire. Understanding these unique skills will benefit organizations tremendously.
Regardless of the industry, all organizations can easily become caring companies. Coupled with being the morally right thing to do, caring companies can also gain a competitive advantage.

There are three things necessary for a podcast to be successful. One, great listeners like yourself. Two are sponsors who help cover the expenses of producing the podcast. Three great listeners who help support the podcast by taking advantage of the sponsors' special offers. With that said, here are our sponsors;

Pharma-C Company (previously Pharma-C Wipes)

Pharma-C-Wipes, helping you care for yourself and those you love.

​Life is a journey, and at Pharma-C-Wipes, we provide products that support you at each twist and turn. 

PicnicHealthhttp://picnichealth.com/memories: 

http://picnichealth.com/memories

Your medical records are now in your hands. PicnicHealth collects, digitizes, and encrypts all your medical records—then arranges everything in one intuitive timeline. No need to worry about a doctor's note or the lab results. It's all there for easy reference, right when you need it.

Relevate from NeuroReserve

Make Your Brain Span Match Your LifeSpan

 

http://www.neuroreserve.com/discount/FM15?redirect=%2F%3Fafmc%3DFM15

With Relevate nutritional supplement, you get science-backed nutrition to help protect your brain power today and for years to come. You deserve a brain span that lasts as long as your lifespan.