Work Life Home Care

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Home Care as an employee benefit! Give your employees the piece of mind that they can come to work and their family is cared for!

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Work Life Home Care

  1. 2. Work/Life Home Care Solutions Offered by Homewatch CareGivers
  2. 3. Work/Life Landscape <ul><li>45 million individuals provide or arrange care for a family member or friend per year </li></ul><ul><li>$29 billion: annual cost to U.S. employers in lost productivity </li></ul><ul><li>80% of employers have employees who work shortened workdays due to child are arrangement breakdowns </li></ul><ul><li>35% of employees care for elderly loved ones; same percentage care of a child under age 12 </li></ul><ul><li>Estimated employer loss of $2,500 per employee per year due to absenteeism costs </li></ul><ul><li>Improve productivity, reduce absenteeism, decrease stress placed on other employees & offer a differentiator that gives your company a recruiting advantage </li></ul>
  3. 4. The Aging Workforce <ul><li>78M baby boomers started turning 60 in 2006; they will work far beyond age 65 </li></ul><ul><li>Americans age 65+ to double in next 20 years </li></ul><ul><li>20% of workforce will be 55+ in 10 yrs </li></ul><ul><li>80% of all care to elders provided by family members </li></ul><ul><li>42% of all workers provide some form of elder care </li></ul>
  4. 5. “ Classic” Caregiver <ul><li>Typical caregiver is a 46-yr old baby boomer woman </li></ul><ul><li>Caring for 77 yr old mom with chronic illness who lives in same community </li></ul><ul><li>Involved in caring for her own children </li></ul><ul><li>Working FT </li></ul><ul><li>18 hrs care per week </li></ul><ul><li>$35K annual income </li></ul>
  5. 6. The Problem <ul><li>Employer Perspective </li></ul><ul><li>70% of employers report increases in caregiving-related staffing problems in last 10 years </li></ul><ul><li>40% with no plan to address working caregivers </li></ul><ul><li>24% of unscheduled absences related to family issues </li></ul><ul><li>Employee Perspective </li></ul><ul><li>90% of caregivers say they are stressed </li></ul><ul><li>68% of caregivers say their stress has affected work </li></ul>
  6. 7. Costs to Employees <ul><li>In one study, 40% of caregivers took time off of work without pay for an average of 17 days/yr. caring for a disabled elder, losing $5,393/yr each* </li></ul><ul><li>$660K </li></ul><ul><li>Lifetime wealth lost per caregiver employee </li></ul><ul><li>Pension, social security and wages </li></ul><ul><li>*Cohen, Weinrobe, and Miller; 2000 </li></ul>
  7. 8. Adjustments at Work <ul><li>Caregivers who request: </li></ul><ul><ul><li>Time off of work (leave early, arrive late, days off): 49% </li></ul></ul><ul><ul><li>Leave of absence: 11% </li></ul></ul><ul><ul><li>PT/Less demanding position: 7% </li></ul></ul><ul><li>Caregiver employees who stop working: 6% </li></ul>
  8. 9. Employee Caregivers Want <ul><li>One phone number to call for resources </li></ul><ul><li>Consolidated resources/one-stop shopping </li></ul><ul><li>Affordable services and simple billing process </li></ul><ul><li>Service companies w/ convenient hours </li></ul>
  9. 10. Benefits of a Work/Life Home Care Solution <ul><li>Stress relief for your employees </li></ul><ul><li>Keep your employees at work and productive </li></ul><ul><li>One-stop solution </li></ul><ul><li>Affordability vs. long term care facilities </li></ul><ul><li>Preferred pricing </li></ul>
  10. 11. Benefits of a Work/Life Home Care Solution <ul><li>Research company benefits and point out how Homewatch CareGivers services complement existing company benefits, i.e. can employees use pre-tax dollars through their DCRA (dependent care reimbursement accounts) </li></ul>
  11. 12. The Homewatch CareGivers Solution <ul><li>24-hour care line and weekend assessments </li></ul><ul><li>Flexible, customized care for people of all ages </li></ul><ul><li>Care management </li></ul><ul><li>Respite care </li></ul><ul><li>Eldercare seminars for employees </li></ul><ul><li>Temporary or permanent care scheduled in advance or last minute </li></ul>
  12. 13. The Homewatch CareGivers Solution <ul><li>Option 1: Corporate Care </li></ul><ul><ul><li>Employer funded </li></ul></ul><ul><ul><li>Employee co-pay </li></ul></ul><ul><ul><li>100 hours or 10 uses maximum </li></ul></ul><ul><ul><li>4-hour minimum </li></ul></ul><ul><ul><li>We handle the registration, billing, scheduling, tracking & reporting </li></ul></ul><ul><ul><li>Employer helps us to educate their employees </li></ul></ul>
  13. 14. The Homewatch CareGivers Solution <ul><li>Option 2: Corporate Care </li></ul><ul><ul><li>Employer & employee split the costs, 50/50 </li></ul></ul><ul><ul><li>100 hours or 10 uses maximum </li></ul></ul><ul><ul><li>4-hour minimum </li></ul></ul><ul><ul><li>We handle the registration, billing, scheduling, tracking & reporting </li></ul></ul><ul><ul><li>Employer helps us to educate their employees </li></ul></ul>
  14. 15. The Homewatch CareGivers Solution <ul><li>Option 3: National Backup Care Program </li></ul><ul><ul><li>Full blown backup care program administered by Work Options Group, offering both home care and center-based care with a full network of providers </li></ul></ul><ul><ul><li>We make the introduction; appropriate for larger employers with employees geographically spread out </li></ul></ul>
  15. 16. The Homewatch CareGivers Solution <ul><li>Option 4: Resource and Referral </li></ul><ul><ul><li>Preferred home care agency for child and elder care needs </li></ul></ul><ul><ul><li>Preferred pricing, pledge to staff employee care requests or other perks can be offered </li></ul></ul><ul><ul><li>We get access to employees via lunch & learns, newsletter, intranet, benefits fairs, other marketing & educational opportunities </li></ul></ul>
  16. 17. How Corporate Care Works <ul><li>Every employee has access to care hours (you decide how many) </li></ul><ul><li>Employees who have breakdowns in regular care that impact work schedules call us </li></ul><ul><ul><li>All employees may call us with care needs, but only care that interferes with work is paid for by you </li></ul></ul><ul><li>We respond within an agreed-upon time frame to discuss options </li></ul><ul><li>Care is provided </li></ul><ul><li>Employee completes evaluation form and is billed their portion </li></ul><ul><li>Typically about 10% of employees register for the program and slightly fewer actually use care </li></ul>
  17. 18. Sources <ul><li>National Council on the Aging (NCOA) </li></ul><ul><li>AARP </li></ul><ul><li>Bureau of Labor Statistics </li></ul><ul><li>Families and Work Institute </li></ul><ul><li>Census 2000 </li></ul><ul><li>National Alliance for Caregiving </li></ul><ul><li>MetLife Mature Market Group </li></ul><ul><li>Cohen, Weinrobe, and Miller; 2000 </li></ul><ul><li>National Conference of State Legislatures </li></ul>
  18. 19. Contact Us for more information <ul><li>Homewatch Caregivers Cincinnati - Metro </li></ul><ul><li>2368 Victory Parkway </li></ul><ul><li>Suite 110 </li></ul><ul><li>513-407-9824 </li></ul><ul><li>www.homewatchcaregiver.com/cincinnati-metro </li></ul><ul><li>[email_address] </li></ul>

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