Workforce Support
The average per-employee cost of caregiving
is $1,142 annually, or over $400,000 for the mid-size employer.
MetLife Study, 1997
Being supportive of caregiving employees
and providing effective assistance with caregiving has a payback
to the employer of 3 to 13 times the
cost.
Sloan Foundation / Portland State University
Study, 2001
One of the corporate manager's great dilemmas is
the recognition that while 20% - 30% of working Americas are family
caregivers, they have remained invisible in workplace. They remain "invisible" to
protect theirs jobs, their retirement and their essential well-being
- at the employer's expense.
Major studies, including those by MetLife, Pfizer, and The Human
Resource Institute illuminate the magnitude of the problem.
- At least 20% of the workforce is involved in a problematic
caregiving situation at any given time.
- By their own admission, 84% of working caregivers compromise
their work schedules to meet caregiving obligations.
- Caregiving workers spend an average of 18 hours per week caring.
The demand and stress of caregiving leads to:
- Tardiness, absenteeism and even job loss. 49% of working
caregivers will either move from full- to part-time status,
quit or retire early because of caregiving responsibilities.
- Presenteeism - at work, but preoccupied by worry and
care-related activities.
- Increased healthcare costs for the employer. Almost
75% of caregivers report that caregiving has an impact on their
health,
and 20% of these say their loss of health is significant.
Compounding the problem: caregiving workers tend to be your most
experienced, most responsible employees. They are primarily aged
45 to 64, the great majority are women, and they care about their
work, as well as their family. The problem is particularly acute
for nurses.
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