Ever wonder the opportunity cost of not supporting employees that are caregivers?
A caregiver—sometimes called an informal caregiver—is an unpaid individual (for example, a spouse, partner, family member, friend, or neighbor) involved in assisting others with activities of daily living and/or medical tasks.
Formal caregivers are paid care providers providing care in one’s home or in a care setting (day care, residential facility, long-term care facility). For the purposes of the present fact sheet, displayed statistics generally refer to caregivers of adults.
The Sandwich Generation is defined as those adults with at least one living parent age 65 or older and who are either raising a child younger than 18 or providing financial support (either primary support or some support in the past year) to a grown child age 18 or older.
For employees in the "Sandwich Generation", caring for both children and parents, opportunity cost is significant.
Click the link above to find more information about:
• Juggling Work and Caregiving
• Impact on Working Caregivers
• Impact on Working Female Caregivers
• Annual Income
• Impact on Employers
• Best Practices for Removing Barriers to Equal Employment