Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Work Life Home Care

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!

  • Be the first to comment

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> </li></ul><ul><li>[email_address] </li></ul>