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AARP Foundation 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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AARP Foundation Lori Strauss, Coordinator AARP Foundation
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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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AARP Foundation 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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AARP Foundation 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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AARP Foundation 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.orgwww.eldercarecalculator.org > Calculator will predicts your productivity losses
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AARP Foundation 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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AARP Foundation 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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AARP Foundation
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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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AARP Foundation
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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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AARP Foundation Awareness Raising
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AARP Foundation 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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AARP Foundation Learn More For additional family caregiving information and resources: Prepare to Care: www.aarp.org/preparetocarewww.aarp.org/preparetocare Benefits QuickLINK: www.aarp.org/quicklink AARP Caregiving: www.aarp.org/caregivingwww.aarp.org/caregiving National Alliance for Caregiving: www.caregiving.orgwww.caregiving.org Family Caregiver Alliance: www.caregiver.orgwww.caregiver.org
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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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AARP Foundation Next Steps Join Prepare to Care Workplace: > Complete Employer Form and Email to benefitsoutreach@aarp.org 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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AARP Foundation Questions? Lori Strauss, National Coordinator AARP Foundation Benefits Outreach benefitsoutreach@aarp.org www.aarp.org/preparetocare www.aarp.org/quicklink 202-434-2054
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