This Week's Herman Trend Alert

Leadership in Normal 2.0
 

  The Herman Trend Alert

February 10, 2010

Caregivers' Cost Companies Billions

Taking care elderly relatives or friends affects many people's health as well as their employers' bottom lines. According to the MetLife Study of Working Caregivers and Employer Health Care Costs, employees in the United States who care for older relatives are more likely to report health problems. These health problems, including depression, diabetes, hypertension, and heart disease, cost employers an estimated average additional healthcare cost of 8 percent or $13.4 billion annually.

Produced by the MetLife Mature Market Institute® with the National Alliance for Caregiving, in conjunction with the University of Pittsburgh Institute of Aging, the report, also found that younger caregivers (ages 18 to 39) cost their employers 11 percent more for healthcare than non-caregivers, while male caregivers cost the most---an additional 18 percent.

The study also found that for some, eldercare is closely associated with high-risk behaviors like smoking and excessive alcohol consumption. Aggravating the potential impact to employers is the possibility that these medical conditions may lead to disability-related absences.

Employees with eldercare responsibilities had more missed days of work than non-caregivers. Caregivers have more unplanned absences. A lack of focus on their work due to distractions, like phone calls and care coordination, compromises job performance.

In addition to practices like flexible hours, paid time off (PTO) and telecommuting, the report contains suggestions to connect their caregiving employees with wellness programs to help reduce employees' stress, positively affect health, and provide the needed support.

Younger caregivers also demonstrated significantly higher rates of stress-related diseases---high cholesterol, hypertension, Chronic Obstructive Pulmonary Disease (COPD), depression, kidney disease, and heart disease in comparison to non-caregivers of the same age.

Employed caregivers have more difficulty than non-caregivers taking care of their own health or participating in preventive health screenings. They need workable solutions to be healthier and perform better.

By anticipating and responding to the challenges of eldercare, employers can provide support to their employees, while reducing their healthcare costs.

Our forecast: Smart employers will look for more creative ways to support their caregiving employees, including flex time, flex place, and administrative support to handle the administrivia of caregiving.

To see the entire study, visit www.maturemarketinstitute.com.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

HOW DOES SHE DO IT?
Our author Joyce gets quoted in TIME Magazine and other national media on a regular basis. You can, too! Sign up for ExpertClick.com. You will be found by the news media and in Google search: 1. Through your personal search-engine-optimized press room by 39 topics you choose; 2. By news releases pushed out 10 ways including Google News; 3. Be found in the 2020 printed Yearbook of Experts, Authorities & Spokespersons. Save 15% when you register by October 31st @ http://www.ExpertClick.com/Discount.

APF'S FUTURES FESTIVAL IN 3 DAYS: ONLINE OCTOBER 24TH: FULL SPECTRUM FUTURES
The Association of Professional Futurists proudly presents its annual online learning experiences on Full Spectrum Futures. Network with leading futurists from all over the world. And best of all, it's free to attend, though contributions are encouraged to help defray costs. For more information, visit here.

OUR VERSATILE TRANSLATOR ROCKS!
Excellent translation services from English, French, or German into Spanish. Especially well-versed in medicine/pharma and automobile industries. 5-year Bachelor Degree in Translation. Also editing and proofreading of all kinds of Spanish language documents. Flexible rates, depending on number of words, degree of difficulty/technicality, and turnaround. For an instant quote email Mariana Campora Lesti at marianalesti515@gmail.com or contact her on SKYPE at marianacampora.

To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_10-21-2020.html.


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.


Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts

                                                                                                                                                                                                                                                                                                                                                                         


[ Home About Products Resources Media ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3548
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.