Waiting until next year for an elder care EAP program is a decision that’ll negatively impact both your employees and your business. U.S. businesses lose up to $33 billion annually in lost productivity due to their informal caregiver workers, according to Family Caregiver Alliance. It’s time to ask, “Why am I waiting to invest in helping my employees?”
Integrating a high-quality senior care assistance program into your employee benefits can be easy and cost-effective. Senior Providers Network offers a simple integrated portal to facilitate senior care solutions and increase employee productivity.
Why Is An Eldercare EAP Program Such An Urgent Necessity?
With up to 22% of the American workforce juggling work and caregiving simultaneously, it’s time to take notice that employing working caregivers costs your company money. Caring for an elderly loved one while working full-time—or even part-time—inevitably comes with its distractions. Many working caregivers are forced to take leave of absences, reduce their work hours, or even quit their jobs entirely due to caregiving for an elderly loved one.
Further statistics on working caregivers aren’t promising:
- 70% face work-related difficulties due to their dual roles
- 69% report having to rearrange their work schedule
- 49% arrive to work late/leave early/take time off
- In 2007, 37% quit their jobs or reduced work hours
The fact is, the longer companies wait to invest in elder care assistance for their employees, the worse the problem becomes. 10,000 people turn 65 every day over the next 10 years, which shows that the issue is only going to grow. The sooner you integrate an effective elder care EAP program into your employee benefits, the faster you’ll see positive results like a decrease in lost productivity and absenteeism.