Soar to Success June 2019

A ny human resource manager or business owner can discover evidence that eldercare has an impact on the workplace. In fact, a Metlife Foundation study concluded that the total estimated cost to US employers of all full time employed caregivers is thirty-three billion dollars annually. Here is how the numbers look per employee per year; $413 for replacing an employee, $320 for absenteeism, $121 for partial absenteeism, $394 for work day interruptions, $238 for elder care crisis, $113 for supervisor time, $212 for unpaid leave, and $299 for going from full time work to part time work. Progressive employers listen to these type of research facts and decide to invest in an elder care work place program By Stella Nsong, RN Do Eldercare Workplace Programs Provide a Return on Investment? or a work life program for several reason including; it’s away to enhance recruitment and retention, to improve morale, to be considered a family friendly company to work for and to improve the bottom line. When you do the math, the answer is yes. Yes, eldercare workplace programs provide a good return on investment. Even themost basic program that offer supports (a platform for finding and connecting with care providers, an avenue to ask questions, and a community that offers education and cost saving strategies) will begin to reduce cost and increase productivity. The following four questions will help an