Changes in the Workplace

America's age demographics are changing and the workplace naturally reflects this. With those changes come challenges for companies and employers. Almost one in two individuals in the workforce (42% or nearly 54.6 million employees) have provided elder care over the past five years. For many, this can be the equivalent of an additional full-time job. This important responsibility has a direct impact on your business, your employee’s quality of work and impact to your healthcare program.

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Workplace Statistics
• Almost one in two individuals in the workforce have provided elder care over the past five years.
• Among those who have provided care in the past five years, almost half (44%) have cared for more than one person.
—Families and Work Institute 2008 Study of the Changing Workforce
• Principal caregivers experience 8% in increased healthcare cost as compared to their peers.
• Principal caregivers experience increased absenteeism.
• Principal caregivers experience a loss in production, due to dealing with life care issues while on the job.
—2010 The MetLife Study of Working Caregivers and Employer Health Care Costs
• 36% of U.S. adults said they provided unpaid care to an adult relative or friend in the past year, up from 27% in 2010.
—2013 Pew Research Center