Magazine article Workforce

Supporting the Caregiver

Magazine article Workforce

Supporting the Caregiver

Article excerpt

At a time when Americans are living longer and their boomer children are working harder, human resources professionals are experiencing a disturbing phenomenon: the overwhelmed, worn-down, stressed-out middle-aged caregiver.

And the situation is only getting worse. In the coming years, as the number of old people explodes in this country, it is expected that the growing legions of haggard caregivers in the workplace will be enormous. "For human resources, it's going to be an immense issue," says David Levy, cofounder of Boomerang, a Florida-based company that provides advice and support to caregivers. "In terms of the business impact, it's double what it was in 1997--$29 billion. It's probably costing between $50 and $60 billion a year.

"The three areas that will have a major impact on HR are: Productivity. Retention. Morale. The loss of productivity is indiscriminate. Executives are impacted as much as laborers. Many people have to change jobs in order to care for family members. They need to find a new employer who is sensitive to their needs. …

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