Are employees burning the candle at both ends?
1 in 6 employees are informal caregivers.
- The average time caregiving is equivalent to a part time job.
The average U.S. caregiver is a 49-year-old woman working outside the home spending nearly 20 hours a week providing unpaid care to her mother for nearly five years. - 43.5 million adults in the U.S. were unpaid caregivers in 2015.
(AARP Caregiving in the U.S. 2015). - The estimated economic value of their services was $470 billion.
(AARP Public Policy Institute 2015).
10 -31% of working caregivers leave their jobs as a result of caregiving responsibilities.
How does this impact the employer?
- Costs associated:
- Absenteeism
- Workday distractions
- Reduction in hours from full-time
- Replacing employees- According to PBS news, Wisconsin is struggling to find employees.
By 2024 the state could have a shortage of 45,000 workers.
- The average annual cost to employees per full-time working caregiver is $2,110 (AARP Public Policy Institute Understanding the Impact of Family Caregiving on Work).
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