A Silent Crisis

Nothing is more important than helping people live full, independent and dignified lives - especially if they are your loved one.  Yet trying to provide this care is taking a toll on family caregivers.  With our aging population, more and more employees face the dilemma of caring for an elderly relative or friend while also juggling job and other family responsibilities. 

The impact on employees trying to care for an elderly loved one can be extreme.  Many caregivers admit to suffering health issues while trying to balance their caregiving, job, family and other responsibilities.  In extreme cases, some family caregivers feel they must resign from their jobs in order to properly care for the one they love. 

Family Caregiver Statistics - The Impact of Caregiving

  • Nearly 15 million US employees care for an elderly or disabled family member.
  • 69% of caregivers say it affects their health
  • About 70% of caregivers rearrange their work life as a result of caregiving
  • 40% say caregiving affected their promotability
  • Average length of time providing care - 3.7 years

Family Caregiver Statistics - The Impact to the Employer

  • Caregiving costs American employers between $17.1 billion and $33.6 billion in lost productivity annually. 
  • As life expectancy increases, more workers will be involved in caring for aging loved ones.

Employee Costs 

  • Reduction or loss of income
  • Reduction or loss of savings for your individual retirement
  • Loss of family time
  • Vacation time used for caregiving
  • Health problems increase
  • Emotional/mental issues

Employer Costs 

  • Replacement of the employee (Estimated 11% leave the work force)
  • Absenteeism (28% of caregivers missed 12-33 days/year) 
  • Partial absenteeism (coming in late or leaving early, estimated 1 hour/week)
  • Workday interruptions (estimated 1 hour/week)
  • Handling elder care crisis (60% of caregivers missed 3 days/year)
  • Increased supervisor time
  • Unpaid Leave (average FMLA leave 10 days)
  • Reduction of Full-Time to Part-Time work

Employers: Click here to help estimate productivity costs for working caregivers.

We Can Help! 

Click here to complete the Moving Forward Senior Solutions, Inc survey for an assessment of your needs.

Moving Forward Senior Solutions can help both the employee and employer reduce their costs by attending our educational series.  The information received during these program will help solve issues, provide a list of referrals and  resources to help with elder care prior to the crisis. 

Click here to schedule the Moving Forward Senior Solutions Educational Series.

(Statistics provided by MetLife Study on Working Caregivers, 2001 and 2006)

DISCLAIMER:  The information contained within this presentation is not intended or written, and cannot be used, as a substitute for professional advise that is based upon your own particular circumstances.  While taking every precaution to make this information accurate, we assume no responsibility for errors or omissions or for damages resulting from the use of the information in this presentation.

  Copyright 2008 by Moving Forward Senior Solutions, Inc.