Caring For Elderly Parents Affects Career & Family
Caring for a loved one can have a negative impact on an employee’s job performance. The responsibility of caring for an elderly parent, on top of their job and family, leads many in this situation to suffer from depression, anxiety, and irritability. Further, Home Care Assistance – Toronto/York Region, the leading provider of in-home care-giving, reports that many are reluctant to share this with their employer.
For many people, this is a role that they are not used to, which can also add to the stress they may feel. In addition, seeing parents they have looked up to their entire lives brought low by the ailments that commonly afflict seniors is difficult as well. Caring for an elderly loved one can also take a financial toll on a family member as well.
Caring for older parents on top of their job and family may just end up feeling like a second career—and for over 70 million adults in the U.S. and Canada, it is. A person may spend up to 20 hours a week caring for their senior parents, which is often more time than what they spend caring for the rest of their families.
This has a negative effect on employers as well. It costs up $33.0 billion annually for organizations to cover the cost of healthcare claims, employee turnover, and lost productivity; that comes out to $2,100 per employee. This also results in employees losing out on approximately $695,000 in lost wages and promotions when they choose caring for their parents over their career. Unfortunately, since women are still expected to be the caregivers, this affects them most.
According to a study from MetLife, 33% of women decreased their hours or switched to part-time work to care for an elderly parent, while 29% declined a promotion, training, or an assignment and 16% quit entirely.1
Home Care Assistance – Toronto/York Region has a number of resources in place to assist workers in balancing their responsibilities and their careers, including discounted rates and co-pay options available to corporate employees.
We employ over 3,000 highly trained home caregivers in North America and also offer a variety of resources to family members looking to care for senior parents. Home Care Assistance – Toronto/York Region provides 24/7 support, leaving you time to focus on your career and family. We always pair caregivers and clients we feel will be the best match together.
Knowing that there’s a qualified professional caring for your elderly parent will also contribute to your peace of mind. Don’t give up the career you’ve worked so long and hard for to care for your senior parent, call Home Care Assistance – Toronto/York Region today!
“The MetLife Study of Women, Retirement, and the Extra-Long Life,” MetLife web site, September 2011; https://www.metlife.com/assets/cao/mmi/publications/studies/2011/mmi-women-retirement-extra-long-life.pdf.
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