Senior Care a Growing Concern for Businesses

More and more younger people are taking time off from work, or even leaving their jobs, in order to help care for an older loved one. Generation X is sometimes being referred to as the “sandwich” generation today because they have both older and younger immediate family that they are helping care for. These are people who have young children, but also have a parent that is in need of senior care. They are also the people who tend to have leadership positions within their companies, and if they are torn between their family and their business, something is going to suffer as a result.

 

Companies are beginning to see that their employees are being taxed and overextended because of the need to supply care for loved ones–both young and old. While companies are not required to provide senior care benefits, many are finding that it is far more beneficial to do so than to allow their employees to suffer because this is not being accounted for at all. If your company already does offer this, it is worth speaking to your Human Resources department to see if and how they can help you and your family out with care needs. And if your company does not yet provide this, know that this is a growing trend and will helpfully change to your benefit in the near future.

 

More businesses are learning that senior care impacts their employees.

 

In the meantime, having an in-home care service that you know and trust on your side can be a big stress relief. A caregiver is a professional who specializes in helping seniors get through the day to day activities that are a part of their life. They should be trained to help the elderly do the things that they would normally do safely and with a pair of kind eyes supervising. They can help with meals, provide transportation to appointments, and more. A caregiver should always be someone that you trust and are confident in. Although they can’t replace family, they can help your mom or dad to do the things that need to be done while you do the things that you need to do.

 

A lot of people are concerned because care can be expensive. Even though senior care has a price tag associated with it, study after study shows that it is usually cheaper to hire an in-home caregiver to assist your mom or dad while you remain at work. Sacrificing your job to provide care can be an attractive choice, and sometimes it is the best one. But not always. Finding out what your long term costs–including opportunity costs–can be one way in which you evaluate whether it is more worthwhile to you to act as a fulltime family caregiver, or hire someone else to step in while you’re away. If you do have questions about this, getting an idea of what care costs with a free consultation will be a good first step. Speaking to a financial advisor can also get you pointed in the right direction.

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