Calculating the Costs of Family Caregiving

Article Publication Date:

8/10/2006

Summary:

What is the cost of family caregiving to employers? A new report, “MetLife Caregiving Cost Study: Productivity Losses to U.S. Business” estimates the costs associated with replacing employees, absenteeism, crisis in care, workday interruptions, supervisory time, unpaid leave and reducing hours from full-time to part-time to total $33.6 billion. A new online tool allows employers to estimate the financial impact of family caregiving responsibilities within their own businesses.

Topics:

Employment Programs

Types/Tools:

Checklists; Links / Websites; Reports

Populations:

Aging/Older Adults; Direct Care Workforce

Sources:

National Alliance for Caregiving

Programs/Initiatives:

N/A

States:

All States/Territories