Transcript Preparing for the (Aging, Intergenerational) Workforce (AARP)

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
AARP Foundation
Lori Strauss, Coordinator
AARP Foundation
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
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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 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
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Look for Resources
> Benefits QuickLINK
www.aarp.org/quicklink
> State Fact Sheets
www.aarp.org/money/lowincomehelp/quicklink
> Eldercare Locator
www.eldercare.gov
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What Works:
Prepare to Care
 Raise Awareness
 Distribute Prepare to Care Planning Guides
 Connect Employees to existing AARP Caregiving
Resources through Human Resources and aarp.org
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Awareness Raising
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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
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Learn More
For 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
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
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Next Steps
Join Prepare to Care
Workplace:
> Complete Employer Form and
Email to
[email protected]
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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
Questions?
Lori Strauss, National Coordinator
AARP Foundation Benefits Outreach
[email protected]
www.aarp.org/preparetocare
www.aarp.org/quicklink
202-434-2054
AARP Foundation