Unfortunately, the situation is predicted to get worse in the coming years. The Centers for Medicaid and Medicare Services report that the segment of the population most likely to need care (those over 85) is increasing rapidly, from 35 million today to 70 million in 2030. How will employers cope with the disruptions and costs of a growing workforce of employee caregivers? Here are some of the many innovative “eldercare friendly” policies and practices that companies are adopting to address the issue:
- Flexible work arrangements including telecommuting, compressed work weeks and job sharing
- Leave-sharing that allows employees to donate a portion of their leave time to others who have eldercare responsibilities
- Caregiver Employee Resource Groups that enable employees to share resources and emotional support
- Dependent Care Spending Accounts permitting employees to pay for adult daycare expenses with pre-tax dollars
- Consultation on eldercare services and counseling on hospice and palliative care
For more information and tips on recruiting, engaging and managing the different generations in your workplace, contact us at www.interchange-group.com.