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Caregiving Impact Calculator

1.

Provide the number of your employees by age and the average salary

2.

Based upon your employee population, the estimated annual cost of caregiving in your organization is:

50 & Older:

(%)

Low Scenario:

$0 - $0

40-49:

(%)

Moderate Scenario:

$0 - $0

30-39:

(%)

High Scenario:

$0 - $0

20-29:

(%)

Under 20:

(%)

Total:

0

Avg. Annual
Salary ($)

Key Statistics and References

  • Caregiver Employees (CEs) represent 21.8% of the employed US population

  • 61% of CEs are women

  • Caregivers missed an average of 6.6 days annually due to caregiving

  • 55% of eligible CEs utilized paid family leave

  • Presenteeism Impact: 11% / $5,281 annually

  • Absenteeism Impact: 2.2% / $1,123 annually

  • 8% of employees quit to take care of loved ones

  • Average out-of-pocket caregiving expenses are just over $7,200 annually (26% of an annual income)

  • Employee absences and turnover tied to elder care already cost American employers as much as $33 billion a year 

  • Churn costs, all in all, at the lowest end of the spectrum are 90% of an annual salary


 

  1. AARP & National Alliance for Caregiving. Caregiving in the United States 2020. Washington, DC: AARP. May 2020.

  2. Lerner, D., Lavelle, T. A., Adler, D., Chow, W., Chang, H., Godar, S. C., & Rogers, W. H. (2020). A Population-Based Survey of the Workplace Costs for Caregivers of Persons With Treatment-Resistant Depression Compared With Other Health Conditions. Journal of Occupational and Environmental Medicine

  3. Fuller, J. B., & Raman, M. (2019). The Caring Company. Harvard Business School.

  4. The New York Times (2022). The Quiet Cost of Family Caregiving

  5. AARP (2021) Caregiving Out-of-Pocket Costs Study

  6. The MetLife Study of Caregiving Costs to Working Caregivers (2011)

  7. The Costs of Replacing an Employee – SHRM (2017)

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