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More Companies Are Helping Their Employees with Elder Care Issues

Employers feel the impact…

Percentage of employers surveyed nationwide that said the following effects on working caregivers can be seen in their organizations:

 Absenteeism (partial days) 62%

 

Absenteeism (full days) 59%

 

Workday interruptions 44%

 

Mental distractions 41%

 

Excessive personal phone calls at work 37%

 

Stress-related health problems 29%

 

Attrition/turnover 16%

 

 

…and offer services

Percentage of employers surveyed nationwide that said they offer the following services for employees struggling with elder care issues:

Assistance program for counseling and support 69%

 

Paid sick leave for elder care issues 54%

 

Flextime for elder care issues 45%

 

Elder care referral service 21%

 

Literature or education on elder care issues 17%

 

Long-term care insurance covering older relatives 16%

 

Caregiver support groups 7%

 

 

Source:  Society For Human Resource Management 2003 Eldercare Survey of 289 human resource professionals
  • By 2030, 70 million Americans will be over the age of 65. This is one out of every five Americans.
  • By 2011, 10,000 people will be turning 65 years of age each year. And 85% will at some point require some sort of in-home caregiving assistance.
  • In 2000, more than 50 million people provided care for a chronically ill, disabled or aged family member or friend. - Source: U.S. Department of Health and Human Services .
  • 30% of family caregivers caring for seniors are themselves aged 65 or over; another 15% are between the ages of 45 to 54. - Source: U.S. Department of Health and Human Services.
  • After age 65, an American has more than a 70 percent chance of needing help with the activities of daily living like dressing, bathing, and using the bathroom. Assistance. American Society on Aging.
  • While people over 65 are expected to increase at a 2.3% rate, the number of family members available to care for them will only increase at a 0.8% rate. - Source: The Center on an Aging Society, Georgetown University.
  • American businesses can lose as much as $34 billion each year due to employees need to care for loved ones 50 years of age and older. - Source: Metlife Mature Market Institutes.
  • 44.4 million caregivers (or one out of every five households ) are involved in caregiving to persons aged 18 or over. - Source: National Alliance for Caregiving and AARP.
  • Over three-quarters (78%) of adults living in the community and in need of long-term care depend on family and friends as their only source of help; 14% receive a combination of informal and formal care (i.e., paid help); only 8% used formal care or paid help only. - Source: Thompson, L. Long-term care: Support for family caregivers.
  • Most people-nearly 79%-who need Long-Term Care live at home or in community settings, not in institutions. - Source: Agency for Healthcare Research and Quality.
  • 34 million adults (16% of population) provide care to adults 50+ years. - Source: National Alliance for Caregiving and AARP.
  • 8.9 million caregivers (20% of adult caregivers) care for someone 50+ years who have dementia. - Source: Alzheimer's Association and National Alliance for Caregiving.
  • Caregivers live an average of 480 miles from the people for which they care. - Source: Long Distance Caregiver Project - Alzheimer's Association LA & Riverside, Los Angeles, CA.
  • The vast majority of adults (78%) in the U.S. who receive long-term care at home get all their care from unpaid family and friends. Another 14% receive some combination of family care and paid help; only 8% rely on formal care alone. - Source: Thompson, L. Long-Term Care: Support for Family Caregivers. Long-Term Financing Project.

Employee Dependent Care Trends