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The Costs of Caregiving
Total estimated annual costs to employers for all full-time employed caregivers according to the MetLife Caregiving Cost Study: Productivity Losses to U.S. Business, 2006, U.S. MetLife Mature Market Institute
By Leah Dobkin
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The Costs of Caregiving |
| |
Cost per employee |
Total cost to U.S.
employers |
| Replacing employees |
$413 |
$6,585,310,888 |
| Absenteeism |
$320 |
$5,096,925,912 |
| Partial absenteeism |
$121 |
$1,923,730,754 |
| Workday interruptions |
$394 |
$6,282,281,750 |
| Elder-care crisis |
$238 |
$3,799,217,477 |
| Supervisor time |
$113 |
$1,796,385,842 |
| Unpaid leave |
$212 |
$3,377,082,202 |
| Full-time to part-time |
$299 |
$4,758,135,522 |
| Total |
$2,110 |
$33,619,070,346 |
| Total estimated annual costs
to employers for all full-time employed caregivers in the MetLife
Caregiving Cost Study: Productivity Losses to U.S. Business, 2006, U.S.
MetLife Mature Market Institute |
Leah Dobkin is a freelance writer based in Shorewood, Wisconsin. She has more
than 30 years' experience working in the field of aging. She has prepared
educational materials and articles for family caregivers, businesses and
nonprofit organizations on this subject, has spoken at conferences and has
conducted training for employees, employers and community service providers
throughout the U.S. E-mail editors@workforce.com to comment.
Next Article: 5. Why Child Care and Elder Care Are So Different
Unlike child care, elder care is an unpredictable, variable event that can occur suddenly during a loved one’s health crisis, or creep up slowly as a relative’s health and functioning decline.
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