Now is the time for Employers to consider caregiver benefits.
Updated: Jul 15
Over 80% of employees say caregiving has affected their productivity at work (Harvard Business Review Survey)
Caregiver-related absenteeism is coting companies roughly $5.1 billion annually and can increase costs associated with healthcare.
Employees are returning to work more stressed about adequate care for their loved ones as the COVID-19 pandemic continues.
This is a significant productivity issue and at a time when employers are already facing less hiring and shrinking ranks.
7 out of 10 employees that have caregiving responsibilities hide this fact because they fear negative consequences for their careers.
Yet, more and more employers are also facing first-hand situations of caring for aging loved ones as elder care needs continue to grow.
There is significant opportunity for growth in understanding and support for across organizational ranks.
The population of people over the age of 65 is growing fast. By 2030, it is anticipated that for the first time in history our 65+ population will outweigh those under the age of 18.
The overwhelming majority of people (87%) want to age in place.
Caregiving employees are only going to grow in numbers as the pressure to keep family home falls on their shoulders.
Long-term care costs, whether aging-in-place or at assisted-living facility, is more than most families can afford.
Elder Care Solutions is positioned to help
Caregivers need help, and not a list of resources. They need someone to show them all their viable options pertaining to their care situation and help them navigate the terrain of long-term care. THIS IS WHAT WE DO.
www.eldercaresolutionsinc.com to learn more and set up a FREE introductory consultation.
Employee Benefits News. Now is the time for employers to invest in caregiver benefits
United States Census Bureau. Older people projected to outnumber children for the first time in US history.
Kaiser Health News. What the 2020s have in store for aging boomers.