Soar to Success December 2018

62$5 72 68&&(66 / December 2018 / Core Business Strategies to increase at a rate of 2.3% but the number of family members available to care for them will only increase at a rate of 0.8%. Thesetrendsresultinthedemandforworkplace elder care programs that do more than provide WKH HPSOR\HHV ZLWK )0/$ EHQHĆWV SKRQH numbers and lots of complex and confusing literature from social service organizations. Employees who are caregivers need real help while small businesses need to keep their talent and contain their group health insurance cost. (PSOR\HUV VXIIHU LQFUHDVHG KHDOWKFDUH EHQHĆW utilization because often, their employees who are family caregivers, end up becoming more sick than the person for whom they are caring for. With the rising cost of insurance and the demands of the health care reform, employers with employees who are family caregivers face a huge challenge because 20% of these employees will quit their jobs to provide care full time. The cost of insuring these employees and then replacing them when they quit poses D ĆQDQFLDO VWUDLQ RQ DQ RUJDQL]DWLRQ Here are some frightening stats: 61% of family caregivers work full or part time, 45-65 year olds make up the biggest age group in the work place and 42% of US employees have cared IRU DQ ROGHU UHODWLYH RU IULHQG LQ WKH ODVW ĆYH years. Most employers do not have an effective elder care work place program as part of their employee assistance program. The EldercareandCaregivingNework has a limited number of eldercare work place development grants for organizations in Northeast Ohio. Employers interested in a no obligation consultation about how an effective eldercareworkplaceprogramcould lower their business cost and improve productivity should call 855-942-9933 or send an email with a VXEMHFW OLQH êHOGHU FDUH ZRUN SODFH LQTXLU\ë WR Stella@StellaNsong.com.