Group LTC Benefits Blog

3 great resources to help tackle the issue of caregiving at the workplace

The impact that caregiving has on the workplace is huge - both in financial and emotional cost to employees and the companies they work for.  According to a recent market research, a caregiving employee will average 5 days of missed work to provide care and  incur $3,200 annually in additional costs due to poor health, loss of productivity and legal liabilities!  And, with the cost to replace a valued employee about 150% of their annual salary, even a cold-hearted employer can't justify replacing the caregiving employee.(1) 
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