Soar to Success December 2018

62$5 72 68&&(66 / December 2018 / Core Business Strategies Grants Available To Lower Employer’s Cost For Working Caregivers %\ 6WHOOD 1VRQJ 51 H ave you heard that the Society for Human Resource Management has described Caregiving as the silent productivity killer? The Metlife study of Employer Costs for Working Caregivers estimated that U.S employers lose approximately 11.4 to 29 billion dollars each year as a result of employee Caregiving that interferes with work responsibilities. Today, that means that it costs an employer approximately $2,500 per year due to loss of productivity per employee who is a family caregiver. Approximately 29% of the U.S population is involved in providing care for a chronically ill, disabled or aged family member or loved one. Half of all caregivers for persons aged 50 and over are employed full time and almost 75% of them have had to change jobs or stop working because of the demands of family Caregiving. Most employees who are family caregivers have symptoms of clinical depression that goes untreated. According to the University of Pittsburgh eldercare in the workplace study, the population of people over 65% is expected