How much is your company losing due to employee caregiving responsibilities?

It is estimated that employers lose $17.1 to $33.6 billion dollars annually in lost productivity* as more and more employees serve as caregivers to adult and child family members. Millions of working Americans provide care to family member – and some of them work for your company. Employers report cargiving situations may have negative consequences including increased absenteeism, workday interruptions, and staff turnover.

Estimated Annual Cost to Employers of Full-Time Employed Caregivers

Cost per employee
Absenteeism - $320

Employee Replacement - $413

Workday Interruptions - $394

Full-Time to Part-Time - $299

Eldercare Crisis - $238

Unpaid Leave - $212

Supervisor Time - $113

What can you do about it?

You can help employees acquire skills to better cope with their job and family responsibilities. You can support your employees by offering them Empower Online – an online course, available 24/7, which has been shown through research to lessen employee stress, reduce lost productivity, and help retain good workers.

Empower Online can be offered as an individual, third-party online course, or as part of your organization's EAP program. For more information, contact Jon Woodall at (847) 492.6753 or jwoodall@matherlifeways.com.

Organizations that have Implemented Empower Online

IBM

Exxon Mobil

Texas Instruments

Merck

Deloitte

 

Source: *The MetLife Caregiving Cost Study: Productivity Losses to U.S. Businesses.

MetLIfe Mature Market Institute. National Alliance for Caregiving