Elder Care for Organizations

Businesses and organizations are bearing a large portion of the cost of caring for our elderly population.

Elder Care Services for Employers – Values, Productivity and Your Bottom Line

As an employer, you see it daily when your employees are late for work, needing to leave early, or distracted by needing to coordinate care via telephone during their work hours.  A greater loss happens when your employee needs to quit his/her job or take extended leave to tend to the needs of a loved one.  This places a huge burden and expense on you as an employer, as you have lost productivity from caregiver employees, and turnover and training of new employees to replace the caregiver who felt it necessary to leave.

So the work of caregiving is happening on an employer’s time, which is reducing an employee’s ability to remain fully present and productive in the workplace. As the employer, you are shouldering a big cost, on an average of $2,110 per caregiving employee.

Providing an elder care employee benefit is not only a cost savings measure, it sends an important message to your employees: “We care about those you care about and about the challenges you face. You are important to us.” Employees will feel validated. You will have a productive and healthy workforce.

Elder Care Services for Financial Institutions – Adding Value for Mature Depositors

Banks and Credit Unions: Elder care benefits can be added for your mature depositors, and doing so will increase customer loyalty and retention, broaden financial services, add additional mature customers, increase profits and improve your community image.   Over the next 20 years, the U.S. population is expected to grow by 18 percent, and the elderly population is projected to grow by 78 percent.  Banking institutions can position themselves to serve their elder depositors in this stage of their lives, helping them age in place by providing the assistance needed to manage the complexities of life.

If you would like to learn more about how we can help your organization provide an elder care benefit, please call us at 1-866-329-3530 or 703-329-0900; or follow this link.  We will be happy to discuss your organization’s specific elder care needs.