Informal Caregiving

1 in 5 employees losing productivity due to informal caregiving at a cost of $3,466 per employee is significant, it could be worse.

Recent work place surveys reflect 55% of employees have been asked to provide long-term care services for a family member or a friend at some point in their career.

In addition, 82% of employees feel informal caregiving responsibilties could impact their productivity at work.

At an individual level, the costs of informal caregiving for your employees is substantial, as they face:

  • Lost wages
  • Lost savings
  • Lost investments
  • Lost 401(k) contributions
  • Out-of-pocket caregiving expenses

The estimated annual impact is approximately $25,000, with a cost of in excess of $75,000 before they are forced completely out of the work force.

It doesn’t have to be that way – for your business or your employees.

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