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July 28, 2006
Employers Offering More Elder-Care Benefits
The Wall Street Journal is reporting that an increasing number of employers are offering an increasing array of elder-care benefits, reflecting the increasing number of employees responsible for caring for elderly parents:
As more Americans care for elderly relatives, companies are increasingly helping employees by adding workplace benefits similar to those that have been offered for child dependents.
About a quarter of all companies currently provide some basic elder-care benefits, mainly referrals that help employees find caregivers and legal services, a recent survey showed. But other companies, such as accounting firm KPMG LLP and Unilever PLC, the consumer-products concern, are going beyond this to provide employees with additional benefits, which can include extended leaves of absence and subsidized in-home care when emergencies arise.
For more, see Employers Expand Elder-Care Benefits. rb
July 28, 2006 in Pension and Benefits | Permalink
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» Employer Sponsored Elder Care Benefits On the Rise from Strategic HR Lawyer
More and more employers are recognizing the need to deal effectively with our aging population by offering elder care benefits to their employees. According to one survey, caregiving issues cost employers $34 billion dollars annually in lost prod... [Read More]
Tracked on Sep 22, 2006 12:21:16 PM
