The New Case for Dependent Benefits? The Millennial Sandwich
Challenges facing the Sandwich Generation and the impact on employers
The following post is from Mandy Berman, Bright Horizons' Chief Administrative Officer and EVP. Millennials are currently the largest generation in our workforce ; a full third of the people who go to work every day. They're also emerging as a major portion of the sandwich generation. A surprise finding from our recent survey was that 53% of Millennial employees caring for an adult relative (versus less than half of all employees) reported that their adult relative was living with them. That "sandwich" is more than a label. Having an elder relative at home means many of these young employees who already care for children have daily responsibilities for elders, too ; perhaps managing personal care, medication, transportation, paperwork, appointments!or all of the above. It makes the likelihood of family and work conflicts ; already common among people taking care of children ; substantially greater. This is notable for our workplaces for a number of very significant reasons. [bulletlist]
- First, Millennials are not just the largest generation in our workforce; they're our future leaders.[bulletlist]
- Second, they're exceptionally purpose and family driven. How work fits with family matters to them. In our survey, Millennials were twice as likely as the general pool of employees to leave a job because of work/life conflicts, and roughly a third more likely to have turned down a promotion.
- Third, there's no doubt that their caregiving responsibilities are causing conflicts. In our study, 94% of sandwiched employees said they did.