Organisations are looking at innovative ways to support their employees’ well-being and stability. Many employees have caring responsibilities for both children and elderly relatives – the sandwich generation. This can impact their work and their health. Homeshare schemes offer support to those workers and are a valuable addition to an organisation’s employee benefits package. 

Eight reasons HR should be considering integrating homeshare into their benefits package:

1. Reduces absenteeism

Supporting employees with caring responsibilities helps decrease unplanned leave; carers in the UK miss an average of 15 days of work annually (Carers UK).

2. Increases workforce stability

Around 60% of UK carers consider leaving their jobs due to a lack of flexible support, risking the loss of valuable skills (CIPD).

3. Improves productivity

Employees who receive support are 16% more likely to meet performance targets, according to research by Mind, the mental health charity.

4. Boosts employee engagement and morale

58% of UK employees say work-life balance significantly affects their wellbeing, and supportive policies improve morale (CIPD).

5. Promotes a positive workplace culture

Organisations known for caring policies and supportive benefits are 24% more likely to report higher employee engagement and satisfaction levels (CIPD)

6. Reduces recruitment and training costs

Replacing a skilled employee can cost up to 200% of their annual salary; retention through supportive schemes minimises these costs (CIPD).

7. Enhances employer brand

According to a 2023 survey by Willis Towers Watson, organisations with comprehensive wellbeing programmes are 34% more likely to attract top talent and report higher employer brand reputations.

8. Supports workforce longevity

UK demographic shifts are leading to a rapidly aging population; by 2040, one in seven people will be aged 75 or over, increasing caregiving demands and the need for workforce support (Government Office for Science).

Integrating homeshare schemes into your benefits offering helps both employees and their employers. It fosters a resilient workforce and positions your organisation as a caring leader.

Two Generations can help

Learn more about our employee benefits offering here or speak to the team today about how Two Generations can help your organisation better support caregiving employees.

Call us now on 03333 44 7738.