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· Nearly 40% of caregivers are men.
· Nearly 60% of those caring for an
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Up to $33 Billion per year! Collectively, the issues overviewed in the first panel, “Employees as Caregivers", results in employers losing between $17 billion and $33 billion per year in employee workplace productivity according to MetLife. This is a staggering amount. Most companies have not adopted solutions to address the various issues associated with employee caregiving. Caring Concierge partners directly with employers located throughout Northeast Ohio providing their employees with a single source for eldercare education along with recommendations for the specific expertise to address their specific issues. The primary drivers of these lost productivity costs are absenteeism ($5.1 billion), shifts from full-time to part-time work ($4.8 billion), replacing employees ($6.6 billion), and workday interruptions ($6.3 billion). Additionally there are workforce wellness issues. MetLife reports that there is an 8% differential in increased health care costs between caregiving and non-caregiving employees, potentially costing U.S. employers an extra estimated $13.4 billion per year. The implications for caregiving employees and their employers are clear. Employee lost income, coupled with employer lost productivity, adds up to a serious workplace problem. As employers’ awareness increases regarding the financial impact of lost productivity to their workplace, they are introducing solutions to address this issue. In so doing, employers are showing their employees that they care about issues that impact their lives. These employers actions help to maintain the employ of their critical workers; a win-win outcome. |
Home for the Holiday's...Gathering Critical Information on Your Ageing Parents December 2011 Caregiving Statistics November 2011 Alzheimer’s Disease & Workplace Productivity September 2011 New Study Encourages Employers to Prepare August 2011 For Working Caregivers Employers Want to Reduce Impact July 2011 Absenteeism on Operations Employee Experiencing Caregiving Issues June 2011 What are the Signs? Your Employees Health at Risk from Eldercare May 2011 Career and Workplace Pressures April 2011 Workplace Impact of Caregiving Employees January 2011 Women Struggle More with Work/Life Issues January 2011 Working Caregivers A Dilemma for Businesses January 2011 |