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Infographic: Engaging the Sandwich Generation

SANDWICH GENERATION HR Survival Guide The Millions of employees around the country are responsible for caring for both their children and parents. Known as the "Sandwich Generation," because their needs can become "sandwiched" between the caregiving responsibilities of their children and parents, these adults struggle to balance the needs of these two generations at a time when they are also busy working and planning their own futures. This survival guide aims to help HR departments and managers better understand the Sandwich Generation and effectively provide these employees assistance and support. SURVIVAL TIPS Understand the Impact Many employees who are caregivers are reluctant to request assistance or disclose information about their situation. Create an environment where employees feel comfortable asking for help and support. 75% of individuals are employed while caring for aging parents. - 63% of HR professionals state that the increasing number of employees with caring responsibilities will have a major impact on the U.S. workplace over the next five years. - Society of Human Resources Management 49% of the U.S. workforce expects to be providing elder care by 2015. -AARP Public Policy Institute 47% of adults in their 40s and 50s have a parent age 65 or older and are either raising a young child or financially supporting a grown child (age 18 or older). - 2013 Pew Research Consider the Costs The Sandwich Generation can cost a company billions of dollars each year in lost productivity, turnover and increased medical costs. Employee assistance programs can help organizations minimize the group's impact on the bottom line. Companies lose an estimated $34 billion each year due to absenteeism and other productivity issues affecting adult children responsible for an aging parent. - $34B $13.4 billion a year is added to employer health care costs due to caregivers' increased health needs and chronic diseases. -Metlife Inc. study + $13.4B 8% - The amount by which the average health care costs for the Sandwich Generation increases due to the stresses and time constraints associated with caregiving. - Society of Human Resources Management +8% Be Flexible To meet the Sandwich Generation's need for flexibility, offer individuals flexible hours, telecommuting options, compressed work weeks and paid time off. 68% of caregivers report having made work accommodations – 100 including cutting back on hours or even quitting their jobs – because of their caregiving duties. -AARP 64% of working caregivers arrive to work late, leave early or take time off during the day to provide care. About 20% take a leave of absence. - 10% of caregivers have quit or taken early retirement in order to care for their aging parents. - National Alliance for Caregiving and AARP Address Financial Stressors Caregivers often encounter unexpected and sometimes significant expenses. Companies should provide financial advisors, workshops and other resources to help employees manage these monetary commitments. One in seven middle-aged adults provides financial support to both an aging parent and a child. -2013 Pew Research 30% of respondents who are supporting both a parent and a child, say they are just able to pay for these expenses. - 2013 Pew Research 11% say they don't have enough to live on. -2013 Pew Research about I/3 of those who have at least one living parent age 65 or older, say they have given their parent or parents financial support in the past year. - 2013 Pew Research 13% of adults ages 40 to 49 have given some type of financial assistance to their adult child(ren). -2013 Pew Research 88% of people age 50 and older have not factored financial support for family into their retirement planning. - Society of Human Resources Management Support Caregivers Caregivers can easily experience burnout, which frequently leads to illness and poor work performance. Possible tactics for supporting the Sandwich Generation include: Provide written and online resources on child and elder care Hold caregiver fairs Facilitate support groups for those of the Sandwich Generation Host lunch and learn seminars on caregiver topics Allow flexible work arrangements Provide information and referrals for elder care facilities Train managers to respond to caregiving responsibilities with sensitivity and understanding Be a link to community resources on elder and dependent care Offer access to legal support on issues such as Power of Attorney and health care directives Continually market your Assist employees with insurance paperwork and elder care support – employees information about Medicare, Medicaid and other insurance programs may not pay attention to these resources until the need arises CERIDIAN in WE WANT TO HEAR YOUR VOICE! [email protected]

Infographic: Engaging the Sandwich Generation

shared by cali06 on Jan 13
Many of today's employees are facing a new and unique challenge: juggling their personal and professional needs with the responsibilities of caring for both their children and aging parents. This HR s...




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