How much time and money
is your company
losing to eldercare issues?
Eldercare is a growing concern
for many individuals and businesses across America. At a time
when people age 65 and over comprise over 13% of the population
and the number of Americans acting as caregivers has tripled since
1987, this issue is important to many of your employees who fall
within the ages of 35 - 55. These people are most likely to juggle
both work and caregiving obligations.
A 1999 MetLife survey shows
the total number of employed caregivers in the U.S. is expected
to increase to between 11 and 15.6 million working Americans,
roughly 1 in 10 employed workers. In addition to adversely affecting
your employees' personal lives, eldercare issues affect your company's
productivity and employee retention.
The following
statistics are eye opening*:
$
The aggregate costs of caregiving to US businesses may be as
high as $29 billion per year. (MetLife
Juggling Act Study, 1999)
$
Unscheduled absenteeism, work day interruptions, and eldercare
crises cost businesses up to $1,142 per employee each year.
(National Alliance for Caregiving/AARP,
National Caregivers Survey, 1997)
$
Seven out of ten people say that caring for aging parents has
adversely affected their work lives in terms of lost productivity
and promotions. (CNN survey,
1999)
$
16% of caregivers report quitting their jobs to care for aging
relatives. (MetLife
Juggling Act Survey, 1999)
* According to surveys conducted by
leading organizations
and media groups
ParentCareUSA can help you and your employees
face these complex and emotionally-trying issues with an action-oriented
benefits package tailored to fit your company.
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Action-oriented services
to minimize caregiver stress
At ParentCareUSA, we offer
an action oriented approach to eldercare services. We provide
everything from information and education to referrals and advocacy.
What makes ParentCareUSA different is that at your employees'
request, we'll implement and deliver action-oriented services
including evaluations, recommendations, and arrangements. We'll
work with your employees to coordinate and manage all aspects
of their unique caregiving situation. In addition, we'll also
help your employees with arrangements for back-up services when
their day-to-day care arrangements are disrupted due to unexpected
illness or facility closures.
With ParentCareUSA, you can
be assured of delivering a much-needed benefit program thus attracting
and retaining employees. Currently, only 23% of U.S. corporations
with over 100 or more employees have programs supporting caregivers,
and of those, only a few offer comprehensive eldercare benefits.
By adding ParentCareUSA eldercare services to your benefits package,
your company will be viewed as innovative and family friendly.
According to a recent study, employers save three to five dollars
for every dollar spent on eldercare services. Additionally,
your company will benefit from:
- Reduction in lost work time, absenteeism,
and turnover
- Increased staff morale
- Increased productivity and efficiency
- Competitive advantage in recruitment
and retention of employees
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We can design a benefits
package
to meet your needs
No matter what your size, we can design a plan
to fit human resources and senior management directives and budgets.
We offer a NO COST option for those employers who would like to
maintain their current EAP arrangement. We can complement the
traditional EAP model by providing your employees with value added
services. Working as the designated preferred provider for eldercare
services, we can offer employees substantial discounts from our
private client fee schedules.
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For a detailed benefits analysis or other information
about our corporate programs, please call us at 978.750.0386 or
send us an email.
