Millennial Caregivers Part 3: How Caregiving Can Affect Your Career
Managing dueling responsibilities can be emotionally and physically demanding, as well as morally stressful. Am I dedicating enough time to my job to remain relevant and successful? Am I dedicating enough time to my aging loved one to be positively influencing his or health? How many directions can I be pulled in without shirking my duties? And am I leaving time to take care of me?
Did you know that 1 in 4 family caregivers is a millennial? Think about what it would be like to graduate college, pursue your passion, embark on your first adventure in the professional world AND take on the responsibility of caregiving. Yes, there are 24 hours in a day, but that rigorous schedule doesn’t seem to leave much opportunity for downtime or self-care.
According to a survey conducted by the AARP, 73% of millennial caregivers spend an average of 21 hours per week providing care for an aging loved one, which is essentially working a part-time job on top of a full-time job. And regardless of how you choose to approach your commitments, here’s a snapshot at the reality of how caregiving can impact your developing career as revealed by the same survey:
Less than half of millennial caregivers share their caregiving responsibilities with their place of employment because it’s reported that they haven’t been as understanding when it comes to caring for the elderly as they are with childcare. And the 54% that have shared this information with their employers have described the outcome as negative - meaning fewer career prospects and less opportunity for growth in a current role.
With caregiving responsibilities at the core of your life, you’re less likely to be able to commit to weekend or evening work events, the ability to travel to conferences or the prospect of working longer, unplanned hours to finish a project or close a deal.
Millennials spend more of their income on renovating the home to ensure its safety for their aging loved ones; leaving less to put toward their own families, paying off debt, or saving for retirement.
To be more specific, millennial caregivers report spending an average of $6,800 per year of their OWN money.
And although 75% of millennial caregivers are employed, a large percentage report a career that compensates less than $30,000 per year; an already minimal income that can barely cover basic costs like rent/mortgage, bills & groceries.
So what’s the solution? How can you provide care while simultaneously establishing yourself in your profession? While there may not be a one-size fits all for every situation, life sure is easier to manage when you have a team. And not just any team, but a dedicated care team that is willing to work together, create a mission statement and communicate to make the caregiving endeavor as seamless and efficient as possible. That’s where we come in - our platform allows the “Care Captain”, or primary caregiver, to delegate tasks evenly while remaining aware of everything that’s going on with the person receiving care. Our app aims to facilitate a team-based approach designed to alleviate some of the individual responsibility, and reduce the impact that caregiving has on your full-time job or career.