Research shows that as the work force ages, a growing number of workers and managers are assuming caregiving responsibilities for their parents or other family members. The effects of caregiving on employee productivity fall into 5 major categories:
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Replacement costs for employees who leave due to their caregiving responsibilities.
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Absenteeism costs.
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"Presenteeism" Costs due to workday interruptions.
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Costs due to eldercare crises.
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Costs associated with supervising employed caregivers.
Estimated Annual Costs to Employers for Elder Care Related Issues in the year 2000: $29 to $31 Billion. This amount is expected to grow rapidly in the years ahead. |
