Across the UK millions of people are caring for a loved one who is older, disabled or seriously ill and managers are often finding themselves in the dark on the matter. This is just one side effect of the eldercare workplace crisis.
Top help managers and organisations, here are 10 facts about how eldercare is playing out in the workplace:
1. The Numbers
Across the UK today there is 6.5 million carers – that’s 1 in 8 adults who is caring for a loved one.
For some caring can happen suddenly and support is required at short notice.
3. The Impact
Caring can be costly in recruitment, retention, productivity and engagement – with 3 million people reducing hours and 2 million people giving up work altogether.
4. The Financials
For every employee leaving employer it’s estimated to cost an employer 150% of their salary.
5. The Magnitude
Over 1 million carers look after more than one person and 1.3 million provide over 50 hours of care per week.
6. The Demographic
Most are in the prime employment years and aged 30+, and 42% of carers are men.
7. The Trajectory
Every day 6,000 people become carers and within our lifetime there will be 9 million carers.
In the current economic climate there has never been a more important time to focus on retaining skilled workers.
Click here to download our latest eBook: The Many Sides of Caring.