The cost of caregiving
Did you know that U.S. businesses lose up to $33.6 billion a year in productivity due to the responsibilities of family caregivers? According to The MetLife Caregiving Costs Study: Productivity Losses to U.S. Business, the average caregiver costs an employer $2,110 per year. Additionally, the findings released the following statistics:
- Of the 2.4% of employees who leave the workforce entirely to be caregivers, the cost to replace them is $ 6.6 billion.
- Absenteeism costs $5 billion while partial absenteeism accounts for nearly $2 billion in losses.
- Workday interruptions (at least 1 hour per week per caregiver) cost $6.3 billion.
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