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Some Recent Corporate
Eldercare Results in the US

 IFA Conference, Prague
       May 2012


                              1


National Alliance for Caregiving
  Nonprofit coalition of 40+ national organizations
    focused on family caregiving issues
  Established in 1996 to support family caregivers and
    the professionals who work with them
  NAC Activities:
       Conduct research and policy analysis;
       Develop national programs;
       Strengthen state and local coalitions;
       Increase public awareness;
       Work internationally


                                                              2

Best Practices in Corporate Eldercare

•   2012 study to update information on what employers are doing for caregiving
    employees and to identify some best practices in corporate eldercare
    programs.

•   Trends: reliance on technology, innovative approaches to Paid Time Off,
    subsidized back-up home care, and geriatric care management services.

•   Perceivable Benefits: reduced absenteeism, improved productivity, and better
    retention rates.

•   Recommendations for Employers: understand the needs of your workforce,
    identify corporate goals of the program, and ensure corporate culture is
    consistent with your approach.



                                                                                   3

The Metlife Study of Working Caregivers and
        Employer Healthcare Costs

 •   2010 study focuses on how caregiving, employer health costs, and employer-
     sponsored wellness benefits intersect.

 •   Caregiving for an older relative is an important   factor in the health, medical
     care expense, and productivity of employees         across all age groups, and
     therefore in the health costs for employers.
       There is an 8% differential in increased        health care costs between
          caregiving and non-caregiving employees       (costing U.S. employers an
          estimated $13.4 billion a year).

 •   Eldercare benefits and wellness programs can provide needed support to
     working caregivers. And directly reduce employee health care costs, with great
     benefit to the employer.



                                                                                        4

     The Metlife Caregiving Cost Study:
    Productivity Losses to U.S. Business
•   2006 study on how caregiving can impact a company’s overall profitability.
      Caregiving costs U.S. employers between $17.1 billion and $33.6 billion in
        lost productivity annually.

•   Nearly 60% of those caring for an adult 50+ are working.

•   Eldercare Calculator: help employers estimate their own productivity cost for
    working caregivers (www.eldercarecalculator.org).




                                                                                    5
Figure 17: Work Accommodations Due to Caregiving 
Q34. In your experience as both a worker and a caregiver,
                     did you ever...?

  Base: 2009 Caregivers who worked
                                                                                                  Caregivers of
  while caregiving                                                                              Recipient Age 18+
  (n=1,033)
                                                                                                  2004      2009
                                                   Percentage Experiencing Each Impact          (n=937)   (n=917)

                                          Any of these                                    70%     62%       69%*

                 Go in late, leave early, take time off                                  66%      57%       65%*

                                     Leave of absence             20%                             17%       18%

    Reduce work hours or take less demanding job               12%                                10%        9%

                            Give up working entirely        9%                                     6%        7%

                             Turn down a promotion         6%                                      4%        5%

                               Lose any job benefits       6%                                      5%        4%

                            Choose early retirement       3%                                       3%        3%




                                                                                                                    6

    e-Connected Family Caregiver

•   2010 study on family caregivers’ receptivity to technology.

•   Screened online panelists to identify 1,000 technology-using family caregivers
      Provided at least 5 hours per week of unpaid care.
      Had already used some sort of technology to help them with caregiving.
         o Such as searching for caregiving information or support on the
             Internet or participating in an online forum or blog

•   Evaluated 12 technologies – helpfulness and barriers to use.
      Personal health record tracking
      Caregiving coordination system
      Medication support system




                                                                                     7


For More Information:

         Gail Gibson Hunt
         President & CEO
  National Alliance for Caregiving
           301-718-8444
     gailhunt@caregiving.org

 National data on family caregiving:
        www.caregiving.org




                                           8

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4 gibson hunt, gail

  • 1. Some Recent Corporate Eldercare Results in the US IFA Conference, Prague May 2012 1
  • 2.  National Alliance for Caregiving  Nonprofit coalition of 40+ national organizations focused on family caregiving issues  Established in 1996 to support family caregivers and the professionals who work with them  NAC Activities:  Conduct research and policy analysis;  Develop national programs;  Strengthen state and local coalitions;  Increase public awareness;  Work internationally 2
  • 3.  Best Practices in Corporate Eldercare • 2012 study to update information on what employers are doing for caregiving employees and to identify some best practices in corporate eldercare programs. • Trends: reliance on technology, innovative approaches to Paid Time Off, subsidized back-up home care, and geriatric care management services. • Perceivable Benefits: reduced absenteeism, improved productivity, and better retention rates. • Recommendations for Employers: understand the needs of your workforce, identify corporate goals of the program, and ensure corporate culture is consistent with your approach. 3
  • 4.  The Metlife Study of Working Caregivers and Employer Healthcare Costs • 2010 study focuses on how caregiving, employer health costs, and employer- sponsored wellness benefits intersect. • Caregiving for an older relative is an important factor in the health, medical care expense, and productivity of employees across all age groups, and therefore in the health costs for employers.  There is an 8% differential in increased health care costs between caregiving and non-caregiving employees (costing U.S. employers an estimated $13.4 billion a year). • Eldercare benefits and wellness programs can provide needed support to working caregivers. And directly reduce employee health care costs, with great benefit to the employer. 4
  • 5. The Metlife Caregiving Cost Study: Productivity Losses to U.S. Business • 2006 study on how caregiving can impact a company’s overall profitability.  Caregiving costs U.S. employers between $17.1 billion and $33.6 billion in lost productivity annually. • Nearly 60% of those caring for an adult 50+ are working. • Eldercare Calculator: help employers estimate their own productivity cost for working caregivers (www.eldercarecalculator.org). 5
  • 6. Figure 17: Work Accommodations Due to Caregiving  Q34. In your experience as both a worker and a caregiver, did you ever...? Base: 2009 Caregivers who worked Caregivers of while caregiving Recipient Age 18+ (n=1,033) 2004 2009 Percentage Experiencing Each Impact (n=937) (n=917) Any of these 70% 62% 69%* Go in late, leave early, take time off 66% 57% 65%* Leave of absence 20% 17% 18% Reduce work hours or take less demanding job 12% 10% 9% Give up working entirely 9% 6% 7% Turn down a promotion 6% 4% 5% Lose any job benefits 6% 5% 4% Choose early retirement 3% 3% 3% 6
  • 7. e-Connected Family Caregiver • 2010 study on family caregivers’ receptivity to technology. • Screened online panelists to identify 1,000 technology-using family caregivers  Provided at least 5 hours per week of unpaid care.  Had already used some sort of technology to help them with caregiving. o Such as searching for caregiving information or support on the Internet or participating in an online forum or blog • Evaluated 12 technologies – helpfulness and barriers to use.  Personal health record tracking  Caregiving coordination system  Medication support system 7
  • 8.  For More Information: Gail Gibson Hunt President & CEO National Alliance for Caregiving 301-718-8444 gailhunt@caregiving.org National data on family caregiving: www.caregiving.org 8