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

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Page 1: 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

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

Page 2: 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

AARP Foundation

Lori Strauss, CoordinatorAARP Foundation

Page 3: 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

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

Page 4: 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

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

Page 5: 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

AARP Foundation

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

Page 6: 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

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

Page 7: 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

AARP Foundation

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

Page 8: 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

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

Page 9: 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

AARP Foundation

Page 10: 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

AARP Foundation

Page 11: 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

AARP Foundation

Page 12: 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

AARP Foundation

Look for Resources

>Benefits QuickLINKwww.aarp.org/quicklink

>State Fact Sheetswww.aarp.org/money/lowincomehelp/quicklink

>Eldercare Locatorwww.eldercare.gov

Page 13: 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

AARP Foundation

Page 14: 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

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:

Page 15: 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

AARP Foundation

Awareness Raising

Page 16: 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

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

Page 17: 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

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

Page 18: 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

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

Page 19: 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

AARP Foundation

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

Page 20: 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

AARP Foundation

Questions?

Lori Strauss, National Coordinator

AARP Foundation Benefits Outreach

[email protected]

www.aarp.org/preparetocare

www.aarp.org/quicklink

202-434-2054