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Eldercare Issues

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Eldercare is an unavoidable workforce management issue Perhaps the most important reason for employers to care about eldercare is that it is unavoidable. Even if you don’t know about them, you have current or potential eldercare providers among your employees. Eldercare is a Growing Issue About 1 in 6 employed adults provided care for someone age 65 or older within the past 3 to 4 months, but this figure may dramatically underestimate the potential impact of eldercare on your business. Nearly half of U.S. workers expect to have elder care responsibilities over the next 5 years, even if they don’t now, and most have the potential to become unpaid eldercare providers at some point in the future. It’s a big workforce management issue that will …show more content…

This means that the issue of eldercare is actually more common in the working population (17% of the employed), making it a critical issue for employers. • Eldercare responsibilities may result in concrete work-related issues. The large number of employees who are also providing eldercare, combined with the aging of the population, means that about 1 in 5 employed adults may need to take a substantial amount of leave from work in the next 5 years to care for an adult. • As the population ages, the number of potential caregivers in the total population is shrinking relative to the number of people who need care. By 2030, there will be only 4 potential caregivers for every potential care recipient. There will be fewer people in the age range when large number of people provide eldercare (from the mid 40s to the mid 60s) and more people in the age range to receive care (age 80 and up). This means that when a parent or other family member needs care, there may only be one family member who can provide it. This is an unavoidable issue for nearly all employers, but some businesses are particularly vulnerable because their employees are concentrated in the age range when eldercare is most common (i.e., ages 45 to …show more content…

Evaluate when the largest proportions of workers will hit the peak eldercare years (45 to 64) for both your total workforce and for mission-critical positions. Data on your total workforce does not necessarily capture the true business impact of eldercare. You may find that incumbents in mission-critical positions are older than your workforce as a whole, because older workers tend to have accumulated more institutional knowledge. Data on your employee age distribution is often available from existing organization records, but national-level data on relevant occupations can provide a basis in the absence of specific organizational data. 2. Evaluate the urgency of creating or expanding eldercare policies. Age demographics can tell you a lot — not only about why eldercare matters — but about when it could begin to ramp up in importance. Organizations that have older age demographics are likely to have the largest number of eldercare providers. If a large proportion of your workforce (total or mission-critical) is ages 45 to 65, eldercare may be a

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