Statistics on Caregiving in the Workplace
A Growing Epidemic
- According to the Society of Human Resource Management (SHRM), over 90% of companies surveyed expect an increase in the number of employees caring for elderly relatives.
- The percentage of adult children providing personal care or financial assistance to a parent has more than tripled over the past 15 years.
- This currently represents a 1/4 of adult children, mainly Baby Boomers.
How does this effect your company?
Recruitment, Retention and Training
- At any given time, more than 21% of the workforce is dealing with a caregiving situation.
- 33% of caregivers decrease the number of hours they work.
- 29% quit their job or retire early.
- 22% take a leave of absence.
- 20% change their job status or go part-time.
Lost Productivity
- 53% of caregivers admit that their job performance is negatively affected.
- 84% make care giving related phone calls during business hours.
- 68% arrive late or leave early.
- 67% take time off from work during the day,
Increased Healthcare Costs
Even when your employees are caring for someone not covered by your health plan, YOUR healthcare cost can go up.
- 75% of working caregivers report an adverse affect on their own health.
- 50% report 8 additional visits per year to a health care provider (for themselves) as a result of their care giving responsibilities.
- 22% report a significant impact on their own health.
Key Findings
- The total estimated cost to employers for full-time employees with intense caregiving responsibilities is $17.1 billion.
- The average cost per employee for those with intense caregiving responsibilities is $2,441.
- The total estimated cost to employers for all full-time, employed caregivers is $33.6 billion.
Top 3 costs to employers for full-time employed caregivers:
- Replacing employees:$6.6 billion.
- Workday interruption:$6.3 billion.
- Absenteeism:$5.1 billion
*Source: MetLife Mature Market Institute in conjunction with the National Alliance for Caregiving





