17% of your employees are caring
for an elderly family member
costing you substantially, relative to their salary.
Including:

Productivity:


Turnover:

18%

(average productivity drop)

12%

(25% of caregivers will quit or take a leave of absence over 4 years, 50% turnover cost assumption)


Total Direct Costs
of Caregiving:

>5% of total payroll

+ the indirect costs related to:

  • filling missed shifts
  • managing a Leave of Absence
  • financial wellness
  • stress / mental health

Other Resources Highlighting
the Employer Cost of Caregiving

FAQs

"My team hasn't asked for eldercare support, why do I need Clutch? "

There is a good chance that your employees aren't telling you about their eldercare needs. 56% of employees tell a manager about their elder-caregiving experience and most managers don't communicate this to HR because they assume no solution is available.

A Leave of Absence and last minute PTO are the most obvious sign of need as many employees tell their HR team after work/life balance is no longer possible. Clutch can help reduce the frequentcy and advanced warning of a Leave of Absence."


Detail 2

"Isn't my team covered by our EAP?"

While EAP programs provide referrals for similar areas of need, like stress and depression, Clutch has expert coaches that deliver support directly and a concierge program that completes your employee's daily chores.

Clutch ensures your employees don't need to call dozens of providers to get help, our team is here to support them.

Sources
Coughlin, J. (2010). Estimating the Impact of Caregiving and Employment on Well-Being: Outcomes & Insights in Health Management.

MetLife Mature Market Group, National Alliance for Caregiving, and the University of Pittsburgh Institute on Aging. (2010). The MetLife Study of Working Caregivers and Employer Health Costs: Double Jeopardy for Baby Boomers Caring for their Parents.

National Alliance for Caregiving and AARP. (2015). Caregiving in the U.S
 

Learn how Clutch can empower your team.