Caregiving responsibilities for aging parents takes a toll on employees as they juggle responsibilities at work and at home. Providing time off under the Family and Medical Leave Act (FMLA) is a good start, but is not enough when facing the challenges of taking care of your parent who is losing abilities as they age. ElderHonor offers a solution to help employees through this journey with an EAP.
The graphics below provide information on the impact caregiving employees experience and on their company.
Just the Facts
The Problem
- 61% of caregivers are women in their 40s.
- 67% of caregivers miss work or take unpaid leave.
- 61% of careers are impacted due to care responsibilities.
- 80% of caregivers 18-35 are extremely to moderately stressed.
- $5-6B lost in productivity, absenteeism, and replacement costs.
- 21% care for aging parents, spending 24 to 30 hours/week to care for them.
The Solution
- Employee training that gives employees confidence in making decisions and helps them develop an action plan instead of management by crisis.
- Topical videos, 15-40 minute in length, with 30+ assessments and worksheets.
- A community to ask and answer questions, see best practices, and access additional resources.
- Sessions with experts in aging, elder law, signs of elder abuse, aging-in-place, costs of elder care, understanding Medicare, in-home care, advance care directives, Alzheimer’s disease, palliative care, hospice, and more.
The Benefits
For Employees
- Peace of mind and less stress.
- Ability to focus more on their job.
- Confidence in making decisions on behalf of their parents.
- Developing a plan to follow instead of management by crisis and to see what’s coming.
For Employers
- Increased productivity.
- Increased employee loyalty.
- Being more present on the job.
- Improved retention of high value employees.
Detailed Overview
All sources listed at bottom of page.
Generations defined
Employment by age
The number of caregivers in the workplace.2,3,5
Types of care being provided by employees
Additional caregiving concerns
Financial & Employment Impact6
Impact on employers1
The ElderHonor Plan
Short 15-40 minute videos, 30 Assessments, and Worksheets
A Community of Caregivers on the same Journey
With 10,000 people a day turning 65, there are many that need a community to help them through this time of their life. That’s where our community can help. Groups focus on the main areas of caregiving and employees can join the conversation whenever they like to just listen or contribute. Just knowing there are others on the same journey is comforting and we facilitate that within our confidential community.
Focused Learning
The community hosts specialists across many fields so employees can learn more about a subject, here new research, or hear how to work through the many issues that come up during this time. Some videos will be live but all are recorded and added to the library that can be watched at any time.
Our Program is Family Oriented
Your employees can impact extended family members to create
generations of confident caregivers.
Employee Assistance Program (EAP)
+ Available to all employees
+ On-line available 24×7
+ Desktop and mobile
+ One-week setup
+ Quarterly metrics
+ Community Access for one year
One-Day Workshop
+ On-Site – can be on Saturday
+ Family works together
+ Breakout sessions
+ 3-Month follow-up
+ Community access for one year
+ 35 person minimum
Summary
Honor – Knowledge – Life
Brokers
We can integrate this offering in your current benefits for a fuller package to your clients.
Company Executives
Add this offering to your benefits package to fill-in the gap where employees need that extra help with their
caregiving responsibilities. Employees can then make more confident decisions,
have less stress and anxiety, and be more present while at work.
Employees
Speak to your leadership to add ElderHonor to your benefits package to
help you on managing the health and wellbeing of your parents.
Next steps
Or
hello [at] elderhonor.com
Get the Infographic: Hidden Costs of Employee Caregivers
WSJ June 2024: When Caring for Your Parent Comes at a Cost to your Career
Sources
- The Care Giving Company
- How Employers Can Support Working Caregivers
- Caregiving in the United States 2020
- Supporting Employee Health and Wellbeing in a Changing Work Environment
- Women and Caregiving: Facts and Figures
- Caregiving In America: The Strain, The Pain, The Emotional Drain
- The Caregiving Landscape: Challenges and Opportunities for Employers