Saturday, December 10, 2011

How Caregiving Impacts Business. And Why You Should Care.

The bottom-line first.  More than one in six Americans with a part-time or full-time job -- 17 percent -- is a caregiver. They means that they assist with the care for an elderly or disabled family member or friend. And they have to take time off work to do it.

Recent Gallup research sponsored by Pfizer/ReACT (Respect a Caregivers Time) found that caregivers miss an average of 6.6 days of work every year because of their responsibilities. The cost of lost productivity due to absenteeism among the full-time working caregivers is more than $25 billion annually, a figure that rises to $28 billion when you include the part-time workers.

Who are these people?  Take a look.

The time off is generally paid or unpaid vacation time.  Which means the caregivers are the ones losing, not the employers.

But Gallup did analyze the the options that employers can provide to see which helped reduce absenteeism.  The four top benefits were:
  • Counselors to discuss options for assisted living and nursing homes.
  • Access to networks of support groups.
  • Employee Assistance Programs to discuss emotional distress.
  • Health counselors to answer questions about the person being cared for. 
The recommendations suggested that businesses with fewer than 1,000 employees could offer access to support groups and health counselors, while the larger businesses would most benefits from Employee Assistance Programs.

Why should you care? If you work with more than six people, you likely work with a caregiver.  It would be better for you if they has enough support that they could concentrate on doing a good job.  

1 comment:

Kathy said...

Thanks for sharing this, Karen! Succinct and helpful information.