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Is there a way to estimate productivity costs of working caregivers?
There has been national attention on losses to employers when employees are involved in family caregiving.
Family caregiving costs American businesses $33.6 billion a year in lost productivity—an average of $2,110 for each of the estimated 15.9 million caregivers who work full time. This includes replacement and training costs, absenteeism, employees leaving early or coming in late, workday interruptions, crisis care, and supervision costs.
The Eldercare Calculator at www.eldercarecalculator.org helps businesses estimate their own lost productivity costs due to employee caregiving responsibilities.
Source: The MetLife Caregiving Cost Study: Productivity Losses to U.S. Business. MetLife Mature Market Institute and National Alliance for Caregiving, July 2006.
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