Amid today’s tight labor market and a growing multigenerational workforce, eldercare benefits are becoming vital to retaining employees, many of whom are caring for an aging loved one.
Home Instead Chief Global Advocacy Officer Jisella Dolan offers expert insight in a new Wall Street Journal article, which highlights the five eldercare benefits employers should be offering now.
Dolan discusses the importance of workplace benefits and flexible scheduling for working caregivers.
“Give people the time they need to fulfill their eldercare responsibilities,’’ Dolan tells author Joann S. Lublin, in the WSJ article.
Besides flexibility, the article says companies should also consider these four benefits: training, referral services, care subsidies and substantial paid leave.
The article also cites recent Home Instead research on work/life balance for “sandwich generation” caregivers. The article calls out the following Home Instead research:
- About 95% of 1,005 employed adults caring for a parent or parent-in-law prefer flexible schedules to manage their work-life balance.
- Flexible schedules won higher support than all other possible employer actions covered by the Home Instead poll.
- Half of these caregivers said they had been passed over for a promotion due to those responsibilities.
- However, 71% agreed they could be a much better employee “with a little more flexibility from their employer.’’
Read the full article here.