is eldercare the new child care?
TRANSCRIPT
Is Eldercare theNew Child Care?
www.homeinstead.com/eldercare
The Aging Population
• One of the major accomplishments of the 20th century is that 30 years were added to life expectancy in the United States.
• One of the biggest factors driving “the aging population” is the aging of baby boomers – the 78 million people born between 1946 and 1964.
• By 2011, the oldest boomer will reach age 65 and after that point, 10,000 boomers will turn 65 every day – the biggest and quickest aging of America in history.
www.homeinstead.com/eldercare
Statistics That Impact Employers
According to a 2006 MetLife Mature Market Institute study:• Nearly 60% of those caring for a senior adult are employed – most of them full-time• The country’s senior population is increasing dramatically and so, too, are the costs
to employers• 33.6 billion - the estimated price tag for employers with full-time employed
caregivers amounts to due to:
– Absenteeism
– Replacement of employees
– Un-paid leave
– Workday interruptions
– Inattentiveness to work – sometimes referred to as “presenteeism”
– Staff members switching from full-time to part-time job status
SOURCE: 2006 MetLife Mature Market Institute study entitled “The MetLife Caregiving Cost Study: Productivity Losses to U.S. Businesses”
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You Are Not Alone
“40% of employed caregivers take 17 days of unpaid leave per year to care for an aging family member”
www.homeinstead.com/eldercare
Cohen, M.A.; Weinrobe M.; Miller, J. (January 2000)Informal Caregivers of Disabled Elderswith Long-Term Care Insurance.U.S.
Department of Health and Human Services (HHS), Office of Disability,Aging and Long-Term Care Policy (DALTCP) and
LifePlans, Inc.
www.homeinstead.com/eldercare
The Need For Eldercare Benefits
• Eldercare issues are prompting employers to search for solutions to help employees keep up with their work responsibilities
• About 26% of U.S. companies currently offer some elder-care benefits—a figure that has been steadily increasing in recent years
SOURCE: Society for Human Resource Management (SHRM)
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EEOC Weighs In
Wednesday, May 23, 2007
“EEOC issues new guidance on Work/Family Balance and promotes Employer Best Practices”
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Effect On Employees
• Unlike arranging child care, arranging eldercare is often reactive – not proactive.
• Coordinating eldercare services is difficult, especially for employed caregivers
Caring for an aging loved one involves many responsibilities: medical, emotional, physical, financial, and spiritual.
According to a recent survey conducted by Home Instead Senior Care®:
53% said their caregiving responsibilities were taking a toll on their professional lives
www.homeinstead.com/eldercare
How Can Employers Help?
Home Instead Senior Care has a solution.We have created an Eldercare Resource and Referral
benefit you can offer to your employees at no cost!
www.homeinstead.com/eldercare
www.homeinstead.com/eldercare
Eldercare Resources
www.homeinstead.com/eldercare
Eldercare Resources
We’ve created the tools to help you introduce thewebsite to your management team and your employees:
PowerPoint PresentationGeared to company management explaining importance
of eldercare benefits
PowerPoint Presentation To introduce to employees
Hand-outs to distribute to employees Containing the website address and information
www.4070talk.com
Conducted in the U.S. and Canada by Home Instead Senior Care, this study revealed that nearly one-third of adults in the U.S. have a major communication obstacle with their parents that
stems from continuation of the “parent-child role.”
The 40-70 Rule
Unfortunately, a lack of family communication can lead to problems for seniors such as misuse of medications, self-neglect—even accidents. So, the goal of the 40-70 campaign is to provide practical ways for adult children to start talking with their parents now.
www.4070talk.com
The 40-70 Guide
• At the center of the 40-70 campaign is a guide of conversation starters for sensitive senior-care subjects. Here’s an example:
• Your 70-year-old widowed mother has justbeen diagnosed with macular degeneration, a disease that causes deterioration of eyesight. How do you begin a conversation with her about the possible ramifications of this disease?
www.4070talk.com
40-70 Resources
40-70 GuideA guide to Conversation Starters for Boomers and Their Senior Loved One’s
Communication Assessment Rate your communication skills and
uncover resources that can help you talk to your aging parents
Life Legacy Information Resources to Help Seniors and their Families with End of Life Planning
www.homeinstead.com/eldercare
A Resource You Can Trust
Home Instead Senior Care – “Experts on senior issues”
As one of the world’s trusted source of non-medical care,
Home Instead Senior Care helps seniors maintain their quality
of life and stay independent in the their homes.