Employee Turnover And Retention Briefings Abstract: 2
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Elder Care Benefits Can Help Reduce Employee Turnover [Senior Journal] Saturday 12/13/03 10:48 PM
As 1 in 4 families struggle to provide care for an elderly family member, employees are increasingly looking to their company to provide some sort of relief in the form of elder care benefits.
Elder care benefits are expected to become increasingly important over the next five to 10 years.
According to a recent survey, 59% of HR professionals witnessed employees who missed a full day from work because of dealing with elder care issues. Sixteen percent said they had experienced turnover tied specifically to elder care.
Currently only 25% of organizations offer elder care benefits.
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