The impact of elder care issues on corporate America will continue to grow as our elderly population increases.
Employees juggling job responsibilities with care giving are a reality in the workplace of today and the future. Workers are torn between the demands of their job and the ability to provide quality care to their relative.
- One out of three American workers is also managing the care of an older relative.
- Loss of productivity resulting from time off to care for an aging relative is estimated at $6100 per employee per year.
- Caregiver stress accounts for a 27 percent increase in use of company health insurance benefits.
Seventeen percent of caregivers quit their jobs to provide care for aging family members, and another 15 percent reduce their work hours to assist their loved ones. This shocking loss of employee productivity is hitting businesses across the country as more boomers have senior parents who require care giving.
The New Year is upon us and with that comes the beginning of the Silver Tsunami. Now is the time to learn how you can provide a low cost elder care assistance program.