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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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Lori Strauss, CoordinatorAARP Foundation

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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

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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

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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

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Getting StartedHelp your employees and their families:

1. Prepare to Talk2. Form Your Team3. Assess Needs4. Make a Plan5. Take Action

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Look for Resources

>Benefits QuickLINKwww.aarp.org/quicklink

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

>Eldercare Locatorwww.eldercare.gov

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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:

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Awareness Raising

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Distribute Prepare to Care Planning GuidesYour 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

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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

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AARP Foundation Programs and Toolswww.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 benefitsoutreach@aarp.org

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

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Questions?

Lori Strauss, National CoordinatorAARP Foundation Benefits Outreachbenefitsoutreach@aarp.org www.aarp.org/preparetocare www.aarp.org/quicklink 202-434-2054