SHOULD CREATE CARE CENTERS FOR THEIR STAFF’S ELDERLY PARENTS? ONE CEO SAYS YES by Richard Chace
2/7/2016 at 10:36
The aging of America has been a hot topic for a while now. As baby boomers continue to exit the work force, many Generation X, Y and millennials are faced with caring for their parents, grandparents and in some cases, great-grandparents while struggling to work full-time jobs and raise their own families. While multi-generational families are not a new concept, the challenges facing families today is unique. Although the economy continues fluctuate, creating a demand for stable employment, many companies are actively to attract and keep a talented work force through new employee perks. Companies like Google offer extended maternity and paternity leave as well as on-site or nearby child daycare centers. But what about employees who are caring for their aging family members?
According to Business Insider, some corporations may be considering options that would allow their employees to provide care for their elderly parents through an office-based daycare system. One advocate of the initiative is Thomas DeRosa, CEO of Welltower, a real estate investment trust that invests in housing and assisted-living properties for senior citizens.
DeRosa introduced the idea as a speaker during a 2016 panel session at the World Economic Forum’s Annual Meeting. The session was entitled "What If You Are Still Alive in 2100?" and in addition to the Welltower CEO, the panel speakers included Lynda Gratton (London Business School professor of management practice), Elizabeth Blackburn (Salk Institute for Biological Studies president and co-recipient of the 2009 Nobel Prize in Physiology or Medicine) and Derek Yach (Vitality global chief health officer).
DeRosa told Business Insider, "If you think about a business where most the employees are my age and think about the people who are faced with: ’I can’t afford $8,000 a month, my mother has been diagnosed with Alzheimer’s disease and I’m the eldest son or daughter who lives within proximity,’ you have to leave your job. That’s a 24/7 job."
By providing skilled employees the option to care for their family members during business hours could potentially create a more sustainable workforce, “preventing them from having to leave the workplace to become full-time carers to their parents," DeRosa believes.
More than just an abstract theory, the Welltower CEO also said his company is considering building a "state of the art Alzheimer’s and dementia care center" on its 160-acre campus Ohio HQ in Ohio. The care center would provide Welltower employees the opportunity take shifts within the center and create a better understanding of the company mission.
If the time has come that you or a family member is no longer able to maintain an independent lifestyle, contact California Registry to discuss elder care services and options available throughout California.