aarp foundation prepare to care workplace project “the aging population is costing u.s. businesses...
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AARP Foundation
Prepare to Care Workplace Project
“The aging population is costing U.S. businesses as much as $33.6 billion a year in lost productivity and absenteeism as more workers are distracted by the need to care for their elderly parents….”
–New York Times
AARP Foundation
Lori Strauss, CoordinatorAARP Foundation
AARP Foundation
Helping Your Business Bottomline
Creating a caregiver-friendly workplace helps your business:
> Protect company profits> Maintain productivity > Recruit talented workers > Retain experienced employees> Comply with government regulations
AARP Foundation
America’s Caregiving Crisis
Baby boomers are becoming caregivers in record numbers:> Between one-third and one-half of caregivers are
employed outside the home> One in four American workers has caregiving
responsibilities for an aging parent> Half of U.S. workers expect to take on caregiving roles in
the next five years
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The Aging Workforce
Employee caregiving needs will continue to grow:> By 2012, nearly 20% of the U.S. workforce will be ages 55
and older> 13% of the U.S. population is 65 or older. By 2030, this
age group will comprise one-fifth of the population> In 25 years, 150 million Americans will live with some type
of chronic illness
AARP Foundation
How Much Does Caregiving Cost Your Business?
The National Alliance for Caregiving and the Metlife Mature Market Institute offer the eldercare calculator:
> Log on to www.eldercarecalculator.org> Calculator will predicts your productivity losses
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Good News
Caregiver supports allow you do the right thing for your employees and your business:
> Companies get a $3 - $14 return on every dollar invested in eldercare benefits
> Management recognition of work-life balance increases employee commitment and morale
> Supportive workplaces help employers emphasize strong corporate and family values
AARP Foundation
Getting Started
Help your employees and their families:
1. Prepare to Talk
2. Form Your Team
3. Assess Needs
4. Make a Plan
5. Take Action
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AARP Foundation
AARP Foundation
AARP Foundation
Look for Resources
>Benefits QuickLINKwww.aarp.org/quicklink
>State Fact Sheetswww.aarp.org/money/lowincomehelp/quicklink
>Eldercare Locatorwww.eldercare.gov
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AARP Foundation
Prepare to Care Raise Awareness Distribute Prepare to Care Planning Guides Connect Employees to existing AARP Caregiving
Resources through Human Resources and aarp.org
What Works:
AARP Foundation
Awareness Raising
AARP Foundation
Distribute Prepare to Care Planning Guides
Your business can hand out free AARP Foundation Prepare to Care Planning Guides:
> At New Employee Orientation> During Open Enrollment> At staff meetings during National Caregiver Month (Nov).> Link on Voluntary Benefits Section of HR Website
AARP Foundation
Learn MoreFor additional family caregiving information and resources:
Prepare to Care: www.aarp.org/preparetocare Benefits QuickLINK: www.aarp.org/quicklink AARP Caregiving: www.aarp.org/caregiving National Alliance for Caregiving: www.caregiving.org Family Caregiver Alliance: www.caregiver.org
AARP Foundation
AARP Foundation Programs and Tools
www.aarp.org/foundation> AARP Tax-Aide> Money Management> Consumer Fraud Prevention Programs> Women’s Scholarship> WorkSearch> The Grandparenting Program
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Next Steps
Join Prepare to Care Workplace:
> Complete Employer Form and Email to [email protected]
Your Company gets:> Prepare to Care Planning
Guides for Employees> Are You A Caregiver?
Checklists> State Fact Sheets> Weblinks for your website> Opportunities to pilot new
products/services
AARP Foundation
Questions?
Lori Strauss, National Coordinator
AARP Foundation Benefits Outreach
www.aarp.org/preparetocare
www.aarp.org/quicklink
202-434-2054