Homethrive’s Post

Interesting WSJ article.

Balancing Work and Elder Care: The Hidden Strain and a Path Forward In today's fast-paced work environment, many Americans face the dual responsibilities of demanding jobs and caring for aging family members. Recent research shows that an estimated 29 million workers manage full-time employment alongside caregiving duties, often at a significant career cost. These individuals frequently turn down promotions, seek less demanding roles, or even leave their jobs due to the overwhelming burden. The situation is particularly challenging because people are living longer with chronic illnesses, requiring more intensive care. Despite this, many companies fail to offer adequate eldercare support, such as paid time off, reimbursed care, or flexible working arrangements. This lack of support leaves caregivers without an "off switch," leading to emotional and physical exhaustion. The stress and strain of caregiving while working full-time can lead to emotional and physical exhaustion. The situation is made worse by a lack of company support, as many benefits packages do not include adequate eldercare provisions. This leaves caregivers struggling to balance their responsibilities without sufficient help from their employers. However, there is hope. More companies are beginning to recognize the importance of eldercare benefits. Some employers now allow employees to add parents to their health insurance plans or offer paid leave for family care. Flexibility remains the most valued benefit, enabling caregivers to manage their responsibilities more effectively. Working in the healthcare industry offers a rewarding and flexible career path for those passionate about helping others. Healthcare professionals often find fulfillment in making a positive impact on patients' lives, while the industry also provides numerous opportunities for career growth and financial stability. Flexible working arrangements and the ability to specialize in various fields make healthcare an attractive option for those looking to balance work and caregiving. At The Health Talent, we understand the unique challenges faced by caregivers in the workforce. We are dedicated to supporting healthcare professionals by offering rewarding, lucrative, and flexible career opportunities. If you are looking for a career that allows you to make a difference while maintaining a work-life balance, consider joining the healthcare industry. Contact The Health Talent today to learn more about how we can help you achieve a fulfilling career in healthcare. Together, we can create a future where you can thrive both professionally and personally. #WorkLifeBalance #EmployeeWellbeing #HealthcareCareers #TheHealthTalent #Cigna #Optum The Wall Street Journal Link: https://lnkd.in/g-_mFBQz

What if cutting-edge technology could ease the burden of caregiving for millions of working professionals? Balancing a career while caring for an aging parent is a challenge faced by an estimated 29 million workers. This recent WSJ article highlights this growing issue. It's behind a paywall, so here are some key takeaways: -Double duty: Many caregivers are juggling full-time jobs and 20 hours a week providing unpaid care, often turning down promotions or seeking less demanding roles -Flexibility needed: Companies often lack eldercare support, making it difficult for employees to balance work and caregiving -Growing demand: With people living longer and preferring to age at home, the demand for caregiving is increasing, often leading to career sacrifices for many We are proud to work with health-tech companies like Grayce that are addressing these significant challenges. Grayce provides comprehensive support for caregivers, helping them manage both their professional and personal responsibilities more effectively. Our passion lies at the intersection of healthcare and innovation. We are honored to collaborate daily with pioneering companies that are tackling some of the most pressing issues in healthcare today. https://lnkd.in/gvxFtXdP Reed Perkins Best Friend Jack #marketing #digitalhealth #healthtech

🌟 How many of you are balancing a full-time job while caring for older family members? You're not alone. Research reveals that 29 million workers juggle work and caregiving duties, spending around 20 hours a week on unpaid care. Yet, many face career sacrifices like rejecting promotions or opting for less demanding roles. With limited eldercare support in company benefits, working caregivers encounter challenges, some even navigating performance discussions with their bosses. Let's raise awareness and support those managing this delicate balance! This is a true challenge for many!🌿💼 #Caregiving #WorkLifeBalance #SupportingCaregivers https://lnkd.in/gkkVn2Pm

An estimated 29 million Americans, from senior managers to retail clerks, are juggling full-time jobs while also caring for elderly family members. 💔 A big Wall Street Journal article sheds light on the immense challenges and career sacrifices working caregivers face every day. TLDR: Caregiving innovation is a HUGE opportunity for social impact AND a $1 trillion addressable market ripe for disruptive innovation!! 🚀 Three key insights from the article: 1) After working 40 hours, many caregivers spend an additional 20 hours providing unpaid care each week. This "second shift" is exhausting and unsustainable. 2) Caregivers often have to turn down promotions, switch to less demanding roles, or even leave their careers entirely due to lack of flexibility and support at work. 😔 3) While some companies are beginning to offer eldercare benefits, the most desired benefit is simply more flexibility to manage both work and care duties. The article's comments section reveals the deep emotional and financial toll this crisis takes: - As one commenter shared, "When you are a caregiver, you also feel a bit guilty because your coworkers are picking up your slack." - Another opened up, saying "I threw up my hands. I wasn't mad. I was discouraged and disappointed," after having to retire early to care for elderly parents. CareYaya is building the fastest-growing care tech startup in America, in the most mission-driven way to fix our broken care system. We're rapidly making quality elder care affordable and accessible for families, while creating an astronomical workforce expansion by empowering the next generation of college students to join the careforce. 💪 We must come together as a society to better support our working caregivers and ensure no one has to choose between career and family. Together, through innovative solutions and cultural change, we can provide our elders the loving care they deserve while helping families thrive. ❤️ Ansberry Clare Mary Furlong AgeTech Collaborative™ from AARP

When Caring for Your Parents Comes at a Cost to Your Career An estimated 29 million workers, from senior managers to retail clerks, work while also caring for an adult family member. The stresses are taking a toll on their careers. How many of you are experiencing this issue with your parents? There are other options for elder care these days. https://lnkd.in/ePgrvMUA #Eldercare #Seniorcare #AssistedLiving

Balancing a career with caregiving responsibilities for elderly family members is a reality for tens of millions of Americans, leading to significant personal and professional sacrifices. Many workers, from sales managers to retail clerks, struggle to maintain full-time jobs while dedicating about 20 hours a week to unpaid care. This dual burden often results in declined promotions, job changes, and early retirements, as seen with Rich Bueler, who retired early to care for his parents. AARP and the National Alliance for Caregiving estimate that 29 million workers are caregivers, a number rising with the aging population. Despite the growing need, company benefits for eldercare are often lacking, leading to increased stress and job performance issues for caregivers. However, some companies are beginning to offer more support, such as flexible schedules and paid leave, recognizing the critical need to support their caregiving employees.

The long-term impact of caregiving on a family caregiver's career, life and finances can be considerable. Unfortunately, companies often overlook this crucial issue. I imagine a future where companies provide valuable tools to support employees in balancing caregiving responsibilities for their parents while maintaining work commitments. Assistive technology, like StackCare, can be a game-changer in this regard. #remotecaregiving #eldercaretech #passivemonitoring #remotemonitoring Read more:

How much does it have to hurt for an employer to see this as a need, not a desire? Read our white paper after we talked to a panel of HR executives and made recommendations for employers. https://lnkd.in/gztPhUkS #caregiving #caregiversupport #hrbenefits #leadership #coaching

While we are helping older adults stay independent and autonomous, our data shows that when the adult child initiates an account, they spend double (that means just a few times a week for an hour or two). That little bit of backup can make a big difference in keeping caregivers in the workforce. That’s exactly what our founder was solving for when founding Naborforce - a resource for older adults and their family caregivers to bridge that gap until home care is needed. #caregiving #sandwichgeneration #career #employeebenefits