For Employers
THORO CARE® as an Employee Benefit Helps Employers Reduce the Risk of Losing Revenue and Talent, and Helps Employees and Retirees Reduce the Stress of Caregiving
Employees and Caregiving
- 33% Provide Caregiving to Seniors
- 2035 Marks the First Time People Over 65 will Surpass People Under 18
- Family and Medical Leave Act of 1993 and Employee Assistance Programs May Not Be Enough to Retain Employees Who Act as Caregivers
NCOA 2021
The Cost of Caregiving to Employers
$25B
Absenteeism & Turnover
$3T
Lost Wages & Benefits
Business Wire 2011/Gallup 2011
THORO CARE® as an Employee Benefit Attracts and Retains the Best Talent
- Boost Productivity in the Workplace: Employees can gain some relief from their caregiving duties
- Increase Employee Retention Rates: Employees say they have a better balance to their work and caregiving responsibilities
- Provide Employees with Resources and Advocacy: Employees will have one contact to help them navigate non-medical services needed to support them with their caregiving
- Avoid Absenteeism and Employee Tardiness: Elder care benefits help employees get the help and resources they need to avoid tardiness and absenteeism
Source: Business Benefits Group, Oct’ 21
