Companies have realised the benefits of offering childcare support, so why not eldercare?
The 2021 ONS census for England and Wales found that nearly 10% of the workforce are carers, while 38% of the workforce are working parents, often, they’re both. Yet while the majority of UK companies offer childcare support, only 14% offer adult carer support (REBA article).
Why does this matter?
The bottom line: Employers for Carers, calculated that the impact of staff turnover, absence, and stress due to juggling work and caring is costing UK businesses over £8.2 billion per year. With better support for carers, businesses could save up to £4.8 billion a year in unplanned absences and £3.4 billion in improved employee retention (EfC: Business Case).
Eldercare is unpredictable and rarely structured: emergencies, hospital visits, and the emotional strain are harder to “plan around” than childcare.
The sandwich generation: employees (especially women aged 35–55) are burning out, reducing hours, or leaving altogether.
Organisations can take the lead on eldercare
Carers are often hidden in the workforce, particularly those caring for elderly relatives and friends. The benefits of supporting these employees are proven: increased productivity, retaining talent, and a more inclusive culture. One way to recognise and support your employees’ caring roles is to provide access to professional care advice and practical support through your employee benefits package.
Offer peace of mind
The Two Generations Homeshare scheme is a UK-wide scheme that helps employees connect their elderly relatives with vetted live-in companions. Through our scheme, employees can arrange for a carefully vetted sharer to provide live-in companionship and support for an elderly relative.
From initial setup to ongoing support, we handle every detail, ensuring a hassle-free experience for both employers and employees.
Benefits of Homeshare for employers:
- Retains top talent & reduces absenteeism
- Improves productivity & well-being
- Strengthens DEI efforts
- Minimal admin – employees contract directly with Two Generations
Learn more about our corporate 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.