This Week's Herman Trend Alert Purpose Emerging as Important Driver of Engagement

The Herman Trend Alert July 20, 2011 Working Caregivers Lose a Lot Typically, people lose a considerable amount of money when they take time from their jobs to care for their aging parents; they also spend a great deal of their own funds to do so. According to a recent study from The MetLife Mature Market Institute, the 10 million employed caregivers in the United States together lose an estimated $3 trillion. Employees would have received these funds in the form of wages, pensions, and social security benefits over a lifetime; the average losses are $304,000 per person. Produced in conjunction with the National Alliance for Caregiving and the Center for Long Term Care Research and Policy at New York Medical College, "The MetLife Study of Caregiving Costs to Working Caregivers," reported the percentage of adults providing care to adults over 50 has tripled since 1994. This statistic was released in the publication, "Planning Tips: Financial Considerations for Family Caregivers," to help the many Americans who lose a considerable amount of money when they take time from their jobs to care for their aging parents. In addition, they spend a good deal of their own funds to do so. At the same time, MetLife offered tips and tactics for to provide solutions for the legions of dedicated caregivers; some of them appear below: Think twice about leaving your job to provide care, as it will affect your lifetime wealth and future employment prospects Check with your employer to determine what benefits are offered, and how you would replace them, if you left Take stock of what you have and your expenses for caregiving Calculate what it would cost to keep your loved one at home. With government support for healthcare waning and individual healthcare costs increasing, caregivers in the US and elsewhere will feel squeezed. If the caregivers are talented enough, employers will take extraordinary steps to keep them onboard. However, as we have reported in the past, this stress of juggling caregiving with working will no doubt take a greater and greater toll. Wise employers will reach out to their caregivers and find ways to provide this much-needed support. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." WHO SENDS OUT YOUR NEWSLETTERS? We are convinced there is no better choice than ours! We have happily used DataBack Systems to deliver The Herman Trend Alert for over 10 years and. Visit their website (http://www.databack.com) or call Byron directly at 503.941.0427. You'll be glad you did. IS YOUR EMPLOYER AN EMPLOYER OF CHOICE®? Our effective, onsite seminars, workshops, and consulting can help you get there. We offer 1-, 2-, 3-hour, and full-day programs to help you communicate what it takes to become an Employer of Choice® and inspire your folks to get it done. In the future, being an Employer of Choice® will not be optional. Call Carol at 336-210-3547 to arrange a no-obligation conference call. Or order the electronic version of the Employer of Choice book on your desktop for only $17.80 @ http://hermangroup.com/store/books_all.html#2. STRUGGLING TO FIND THE PEOPLE YOU NEED? VETJOBS CAN HELP! Recently, hundreds of thousands of jobs remain unfilled due to a lack of capable people. If you are looking for qualified candidates, you need to hire a veteran using VFW-sponsored VetJobs, the largest military employment site on the Internet. Thousands of returning veterans are looking for good jobs now. Mention this ad in The Herman Trend Alert and receive a 10% discount on job postings. Call Ted Daywalt at 877-838-5627 or inquire at info@VetJobs.com. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is received by over 30,000 subscribers in 78 countries, in addition to other websites and printed magazines. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Trend Alert service. Click here to sign up for the Herman Trend Alert. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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