Your employees are often caring for an aging parent or relative (in addition to raising children and working for you). They are among the many Americans aged 40 to 60 living in the “sandwiched” generation.
Torn between family obligations and duties at work, there is rarely a balance for these over-taxed caregivers. According to a study by the National Alliance for Caregiving and AARP, 11 percent of these workers will take a leave of absence and 10 percent ultimately will quit their jobs so they can care for their aging parent.
For the company’s bottom line, according to the U.S. Bureau of Labor Statistics, the impact is substantial:
- American businesses lose an average of 2.8 million work days each year due to unplanned absences;
- Those absences cost employers nearly $74 billion per year;
- Workday interruptions due to caregiving of adults and aging parents cost employers around $3 billion annually;
- Absenteeism due to caregiving costs employers nearly $5 million each year.
These challenges will not be dissipating. By 2020, one in three U.S. households is expected to be involved in caring for disabled or aging parents or relatives, up from one in four today.
What You Can Do
Professional care management is often referred to as the “gold standard” of employer-sponsored support to caregivers, according to the National Alliance for Caregiving 2012 Study of Best Practices in Workplace Eldercare. Let ConciergeCare’s professional care management services assist your employees to stay engaged and productive.
We’re an advocate for your employees and their families and we hope you will be too. Assist them in their time of need by providing them with a valuable resource for helping ailing or aging parents or family members.
For more information about the services we can provide to your employees, please contact ConciergeCare today at (913) 553-6226. We look forward to hearing from you.