Why Employers Should Care About Elder Care

This Managed Healthcare Executive article provides insight into the growing challenge employees face to balance their professional responsiblities and the task of caring for family members. Also discussed is a holistic approach to employee benefits to help ease the balancing act for employees. The following are statistics from the article:

• One in four workers has responsibility for caring for an aging parent, according to the 2002 Benefit Survey of the Society of Human Resource Management.
• U.S. companies lose $11 billion a year due to absenteeism, turnover and lost productivity among employees who care for elderly people, the National Alliance for Caregiving and MetLife calculated in 1997.
• One-fifth of people who provide care for the elderly leave their jobs at least temporarily because of those responsibilities, the AARP found in its 2001 survey of baby boomers coping with family and aging issues.

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