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The working caregiver: the not-so-hidden cost to businesses Stephanie Erickson, MSW, PSW, LCSW

Š 2011 Erickson Resource Group

www.ericksonresource.com


 You get a message from your employee stating that he cannot make it into the office. His mother is in the hospital after falling at her home.  You notice that your employee seems to be spending excessive time on the telephone speaking to her mother. It seems her mother calls her daily needing help or guidance with even small matters.  Your employee just put in a request to take 3 weeks off to help his father find a home for his mother whose Alzheimer’s disease is getting worse. This 3 weeks turns into 3 months. Does this sound familiar? © 2011 Erickson Resource Group

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Caregiving is unpaid assistance to someone else who is no longer able to manage all aspects of his or her daily life and/or personal care.

W HAT

IS CAREGIVING ?

Š 2011 Erickson Resource Group

www.ericksonresource.com


How do you think caregiver issues are impacting the productivity of your company or the morale of your employees? Do you even know?

Š 2011 Erickson Resource Group

www.ericksonresource.com


E MPLOYER CONSEQUENCES Absenteeism

Loss of revenue

Health care costs

Š 2011 Erickson Resource Group

Presenteeism

Resignation or Retirement

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W O R K I N G C A R EG I V E R B E H AV I O U RS R E L AT E D TO C A R EG I V I N G R ES P O N S I B I L I T I ES 87% made phone calls from work¹ 64% arrived late or left early²

70% took time off²

20% reduced hours¹

41% spoke to colleagues while at work²

© 2011 Erickson Resource Group

¹Advantage 50Plus Magazine ²LifeCareInc. February 2008

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W O R K I N G C A R EG I V E R B E H AV I O U RS R E L AT E D TO C A R EG I V I N G R ES P O N S I B I L I T I ES

16% quit their job¹ 3% retired early²

56% developed health or stress problems¹

46% - 59% are clinically depressed³

© 2011 Erickson Resource Group

¹Advantage 50Plus magazine MetLife Caregivers and Employer Health Care costs 2010 ³Family Caregiver Alliance 2000

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Depression

Absenteeism

Employee responses Disengagement

Š 2011 Erickson Resource Group

Neglecting own health

Higher prevalence of psychotropic drug use

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Researchers say that presenteeism—the problem of workers’ being on the job but, because of illness or other medical conditions, not fully functioning—can cut individual productivity by one-third or more. In fact, presenteeism appears to be a much costlier problem than its productivity-reducing counterpart, absenteeism. And, unlike absenteeism, presenteeism isn’t always apparent.

H ARVARD B USINESS S CHOOL © 2011 Erickson Resource Group

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S ANDWICH G ENERATION

Š 2011 Erickson Resource Group

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C OST

$5, 531 average yearly cost out of pocket

Š 2011 Erickson Resource Group

TO CAREGIVERS

47% of working caregivers used up all or most of their savings

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W HAT ARE THE EMPLOYER COSTS ?

11% health care costs for blue collar

8% average in health care costs

18% health care for male caregivers

Š 2011 Erickson Resource Group

Costing the U.S. $13.4 billion a year

MetLife, February 2010

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W HAT

CAN EMPLOYERS DO ?

© 2011 Erickson Resource Group

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E RICKSON R ESOURCE G ROUP CAN HELP.

© 2011 Erickson Resource Group

www.ericksonresource.com


Erickson Resource Group provides information, resources and a wide range of comprehensive and simple tools to assist employees and employers in managing the many issues faced by caregivers.

Š 2011 Erickson Resource Group

www.ericksonresource.com


IT

IS NOT ENOUGH FOR EMPLOYERS TO

“ WAIT

AND

SEE ” IF THE CAREGIVING PHENOMENOM IMPACTS THE BOT TOM LINE .

BE

PROACTIVE AND OFFER YOUR EMPLOYEES THE

TOOLS TO PREPARE FOR AND MANAGE THEIR CURRENT AND FUTURE CAREGIVING ROLES .

© 2011 Erickson Resource Group

www.ericksonresource.com


1

E M P L O Y E E I N F O R M AT I O N A L S E S S I O N S

2

LUNCH AND LEARNS

3

H E A LT H F A I R S

4

NEWSLETTERS, BLOGS

5 © 2011 Erickson Resource Group

WEBCASTS, E-LEARNING www.ericksonresource.com


PARTIAL LIST OF THE TRAINING TOPICS What is Caregiving What do my aging parents need? Difficult family discussions – where do I start? Balancing work and life Cognitive disorders – Coping with Dementia and Alzheimer’s © 2011 Erickson Resource Group

www.ericksonresource.com


E RICKSON R ESOURCE G ROUP WILL WORK COLLABORATIVELY WITH

HR

AND YOUR

EAP

PROVIDER .

© 2011 Erickson Resource Group

www.ericksonresource.com


I NFORMED

Reduce presenteeism

EMPLOYEES Reduce absenteeism

Improve morale

Increase productivity

Be an innovative employer Š 2011 Erickson Resource Group

www.ericksonresource.com


“Demographics are critically important for business. They probably won’t alter a company’s financial results from one financial quarter to the next. But the management of a business that fails to pay attention to demographics for five years may wake up to find itself in a different business than it thought it was in – or not in business at all”

D AVID K. F OOT BOOM,

BUST

& ECHO

1996 © 2011 Erickson Resource Group

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“In combination, eldercare benefits and wellness programs can provide not only the needed support to working caregivers, but also a vehicle to directly reduce employee health care costs, with resulting bottom-line benefits to the employer.”

M ET L IFE W O R K I N G C A R E G I V E R S A N D E M P L O Y E R H E A LT H CARE COSTS: F EBRUARY 2 0 1 0 © 2011 Erickson Resource Group

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S TEPHANIE E RICKSON ,

M S W, P S W, L C S W

S T E P H A N I E @ E R I C K S ON R E S O U R C E . C O M W W W . E R I C K S O N R E S O U R C E . C OM

514-795-7377

© 2011 Erickson Resource Group

www.ericksonresource.com

Working Caregivers- The not so hidden cost to businesses  

www.ericksonresource.com © 2011 Erickson Resource Group Working Caregivers- The not so hidden cost to businesses.

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