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Prepare to Care Workplace Project

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. Lori Strauss, Coordinator AARP Foundation.

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Prepare to Care Workplace Project

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  1. 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 AARP Foundation

  2. Lori Strauss, CoordinatorAARP Foundation AARP Foundation

  3. 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 AARP Foundation

  4. 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 AARP Foundation

  5. 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 AARP Foundation

  6. 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.org • Calculator will predicts your productivity losses AARP Foundation

  7. 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 AARP Foundation

  8. Getting Started Help your employees and their families: • Prepare to Talk • Form Your Team • Assess Needs • Make a Plan • Take Action AARP Foundation

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  12. Look for Resources • Benefits QuickLINK www.aarp.org/quicklink • State Fact Sheets www.aarp.org/money/lowincomehelp/quicklink • Eldercare Locator www.eldercare.gov AARP Foundation

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  14. What Works: Prepare to Care • Raise Awareness • Distribute Prepare to Care Planning Guides • Connect Employees to existing AARP Caregiving Resources through Human Resources and aarp.org AARP Foundation

  15. Awareness Raising AARP Foundation

  16. 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 AARP Foundation

  17. Learn More For additional family caregiving information and resources: • Prepare to Care: www.aarp.org/preparetocare • Benefits QuickLINK: www.aarp.org/quicklink • AARP Caregiving: www.aarp.org/caregiving • National Alliance for Caregiving: www.caregiving.org • Family Caregiver Alliance: www.caregiver.org AARP Foundation

  18. 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 AARP Foundation

  19. Join Prepare to Care Workplace: Complete Employer Form and Email to 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 Next Steps AARP Foundation

  20. Questions? Lori Strauss, National Coordinator AARP Foundation Benefits Outreach benefitsoutreach@aarp.org www.aarp.org/preparetocare www.aarp.org/quicklink 202-434-2054 AARP Foundation

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