- Absenteeism at 6.6 days per year for each employee focused on eldercare costs U.S. firms between $17 billion and $33 billion annually
- A National Study of the Changing Workforce indicates that 38% of caregivers of older adults working for pay experience depressive symptoms while 37% report feeling stressed “fairly often” or “very often”
- In 2033 (sooner than you think), the Canadian ratio of those of working age paying taxes compared to seniors (65-plus accessing public programs) will have shrunk to 2.5 (compared to 8.0 in 1971) – pointing to an alarming dearth of the 16 to 64 cohort who are supporting a bulging mature populace; corporations can expect to pick up the slack
The statistics are staggering. Eldercare isn’t simply a “personal problem”. It’s an urgent imperative that forward-looking companies confront today. Not tomorrow.
Given the high price tag caregiving exacts upon your workforce (Baby Boomers, GenX and Millennials), cutting-edge firms quickly recognize that bolstering team members contending with such responsibilities makes solid business sense.
The corporate world needs to wake up and smell the coffee of this economic reality. You appreciate it is possible to institute proactive people practices while achieving bottom-line prosperity and protecting against liability (due to not having installed such policies).
Fortune 500 & Not-For-Profit Executives, Leaders & Managers
The Mushrooming Aging Crisis at Work: Time to Face the Unavoidable
The solution-oriented business case for progressive H.R. eldercare practices/policies.
Getting Ahead of the Eldercare Crisis: Five Must-Do’s to be an Employer of Choice
Actionable leadership strategies to boost team member engagement and retention.
The High Workplace Price Tag of Caregiving & What to Do About It
Techniques to manage serious health impacts and maintain employee productivity at work.