In fact, according to the U.S. Department of Labor, over 54 percent of the workforce will be caring for an elder in 2009. But why should employers be concerned about employees who take care of older relatives?
Quite simply because eldercare issues directly impact the employer's bottom line to the tune of billions each year. A 1999 report by the Metlife Mature Market Institute "estimated that U.S. companies lose $11 billion to $29 billion a year in reduced productivity." A newer report is expected to show losses as even greater.
Eldercare Issues Multi-Faceted
Human resource departments are finding that care giving issues are complicated. There are two distinct sides to the equation.
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