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Long Term Care > For Employers > Insuring Productivity 
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Insuring Productivity

If you have employees that are caregivers or need long-term care themselves, your business is at risk. Employees simply cannot balance the full time job of caregiving with their current job demands. Trying to do so will most likely result in absenteeism and decreased productivity.

Effects of Caregiving on Productivity

Many employees are involved in a caregiving role In fact, it is estimated that almost 10% of today’s workforce provide care for someone over 50. 12

Regardless of an employee’s work skills or determination, full-time caregiving will negatively affect their job performance. Out of all caregivers in a Study done by the National Alliance for Caregiving/AARP, 54% said they had to make changes at work to accommodate caregiving. In the same study, this time surveying the more intense (56+ hrs per week) caregivers, 30% said they had to give up work entirely as a result of their caregiving. Look at the graph below for more results from the study. 11

Work Adjustments Made For Intensive Caregivers
Statistical results taken from Family Caregiving in the U.S., Findings from a National Study, National Alliance for Caregiving/AARP, 1997, p. 33. Also from Phyllis Shelton, “Long-Term Care – Your Guide to Financial Planning”, 2001, page 100.

The following is a list of the impacts on job performance and company expenses that you may see from an employee who is involved in strenuous caregiving responsibilities.

  • an unwillingness to go on business trip or relocate

  • Inability to work full time or at all
  • Decreased motivation
  • Absence
  • Arriving late and leaving early
  • Increased health problems from added stress
  • Replacement costs if employee needs to finally resign
40% Age 65 and Older, 57% Age 19 - 64, 3% Age 18 and UnderStatistic results take from When Caring Isn't Enough - American Academy of Actuaries, January 1999 Percent of Working-Age Adults Needing LTC
Not Just for the Young

Also, keep in mind that Long Term Care insurance is not just for the young. Over 40% of Americans receiving Long Term Care are between the ages of 18 – 64. 1 Younger employees may need long term care for automobile accidents, sporting accidents, brain tumors, and disabling diseases.

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The Agency Information

F. Jim Parks
11466 W Florida Pl
Lakewood, CO
80232

Phone:
(Office)
303-716-6016
(Cell)
434-981-1899
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720-883-6830
(Toll Free)
1-800-879-9471

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