Solutions for Employers and their Caregiving Employees
Not a week goes by, or so it seems, that we don’t hear about how people are living and working longer. The senior population above age 85 is the fastest growing demographic in the U.S. Baby boomers are turning 65 at the rate of 10,000 per day. Whether by necessity or a desire for continued work, boomers are extending their working years beyond the traditional 65 years.
In their later stages of life, seniors often need additional assistance to manage their lives, and the 65 million family caregivers in the U.S. are often the ones to provide this assistance. This is in addition to the work they do for their employer. After a while, this gets tiring, and the additional stress is unhealthy.
If you are an employer, you should know the facts about the employer cost of caregiving employees.
The latest estimate of the annual financial cost to employers of each caregiving employee is $2,110 (National Alliance for Caregiving, 2006). Some of the work by an employee caregiver happens on the employer’s time: the phone calling, coordinating care, following up with physicians, responding to emergencies, etc. See where this is headed? Being a working family caregiver reduces one’s ability to be present, focused, and productive while at work. There is a loss in productivity for the employer as well.
That is why I assist employers in providing an elder care benefit for their employees. Working with small and medium-size employers, I can structure an elder care benefit to fit your organization’s needs.
If you would like to learn more about how I can help your organization provide an elder care benefit, contact me at 703-329-0900 or via email here. I will be happy to discuss your organization’s specific elder care needs.