1. Supporting Caregivers in the Workplace: A Guide for Employers
Fall 2017 ASEC Partners’ Meeting: 18 October 2017

2. That’s nearly 17% of today’s US workforce.
Did you know?
That’s nearly 17% of today’s US workforce.
Caregivers spend an average of 20+ hours/week providing care
Number of employee-caregivers expected to grow exponentially over next decade
40% of caregivers are male. 25% are millennials
Almost everyone will give or receive care at some point in their lives

3. Economics of caregiving are staggering.
How much is $470B?
At $470B, economic value of caregiving is as big as the world’s largest company, and exceeds Medicaid and out-of-pocket (OOP) spending on health care.
$7000
July 2015 Valuing the Invaluable also says:
68% of family caregivers who say they use their own money for caregiving
39% felt financially strained – that’s 1 in 5 caregivers
The numbers get worse as the number of hours each caregiver provides rises and caregivers give care for more than a year
Also: reduced or foregone income, lost benefits, or reduced pension.
An estimated 3 in 10 (29 percent) American workers say they are currently providing direct financial support to a relative or friend. Among those workers, more than 1 in 5 (22 percent) provide financial help to a parent or parent-in-law.
Boston College’s Council on Aging:
~50% of Boomers who provide unpaid caregiving are employed or self-employed
Among Baby Boomers (born ) who are involved in unpaid caregiving for a family member, 37% are employed full- or part-time, 9% are self-employed, and 54% are not employed, including 35% who are retired, according to a 2017 survey by Transamerica. (p. 27)
Source: “Valuing the Invaluable: 2015 Update”,
AARP Public Policy Institute.
Average out of pocket spend on caregiving-related expenses.

4. Employers win when they support employee-caregivers.
Benefits to Employer
Maximize productivity
Improve employees’ physical & emotional health
Attract and retain talent
Reduce costs for healthcare and beyond
Failure to support employee caregivers costs U.S. employers
$3000 per working caregiver.
That’s $34B annually!

5. AARP’s new resources help employers get started.
Assessment
How-to Guide
Videos