"This study estimates the productivity losses to U.S. business of employees who must make workplace accommodations as a result of caregiving responsibilities. These include costs associated with replacing employees, absenteeism, crisis in care, workday interruptions, supervisory time, unpaid leave, and reducing hours from full-time to part time," according to the study.
Some of the key findings of the study are listed below:
The total estimated cost to employers for full-time employees with intense caregiving responsibilities is $17.1 billion.
The average cost per employee for those with intense caregiving responsibilities is $2,441.
The total estimated cost to employers for all full-time, employed caregivers is $33.6 billion.
The average cost per employee for all full-time, employed caregivers is $2,110.
The majority of family caregivers (79%) are providing care to someone over the age of 50.
Nearly 60% of those caring for an adult over the age of 50 are working; the majority of those work full-time.
Nearly 40% of caregivers are men.
The average age of the caregiver for a person over the age of 50 is 47.
Most caregivers provide unpaid care to a parent or grandparent.
Approximately 15% of the caregivers were providing care to someone who lived at a distance of more than an hour away.
At least 6 out of 10 employed caregivers reported that they had made some work-related adjustments as a result of their caregiving responsibilities.
10% of the employed caregivers reduced their hours from full-time to part-time.
Labels: Baby Boomers , Business , Senior Citizens , Workforce
