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Workforce » Family Leave

Why It's Important

Most caregivers are employed in some capacity. Caregiving affects both the employee and the employer. Employee’s that provide caregiving do so at the risk losing income, benefits, pensions and social security throughout their career. Employers find that caregiving directly affects worker productivity, employee turnover, absenteeism and early retirement. Some companies offer programs to support caregivers, but the majority of them do not have such programs or policies. As the “sandwich” generation copes with caring for aging parents and caring for their own children, increasing flexibility from their employers will be paramount in allowing them to be able to do their jobs both as employees and as caregivers. Offering family leave in addition to that provided by the FMLA is a step in the right direction.

See Data By: Richmond MSA | Virginia | National

How Richmond Is Doing

Two in five area employers report offering some type of family leave time in addition to FMLA. (ODP BUSINESS LEADER, 2008)

Employer Benefits Include Family Leave Time Beyond FMLA - Richmond

(ODP BUSINESS LEADER, 2008)

How Virginia Is Doing

Twenty-two percent of Boomers in Virginia are currently caregivers for a parent, stepparent or older relative (compared to 17% of the overall population) (ODP RESIDENT, 2008)
Forty-one percent of employers offer Family Leave time beyond FMLA (ODP BUSINESS LEADER, 2008)
More than half of Boomers in Virginia are either current caregivers or have been within the past five years (ODP RESIDENT, 2008)

Employer benefits include family leave time beyond FMLA

(ODP BUSINESS LEADER, 2008)

How the U.S. Is Doing

According to the MetLife Caregiving Cost Study: Productivity Losses to U.S. Business:

The total estimated annual cost of lost productivity to U.S. businesses from full-time employees who are caregiver’s ranges from $17.1 billion for those with intense caregiving responsibilities to a total of $33.6 billion for all caregivers
The average cost per employee for those with intense caregiving responsibilities is $2,441
The average cost per employee for all full-time, employed caregivers is $2,110

(METLIFE, CAREGIVING COST STUDY, 2006)