HR Conference: Is Elder Caregiving Sapping Your Employees and Your Bottom Line? What Business Owners and HR Professionals Need to Know

It is estimated that nearly 30% of the U.S. population provides unpaid care to an adult family member, juggling those responsibilities with work.  The cost impact of caregiving in terms of lost wages and Social Security benefits is estimated at $304,000 for the average caregiver age 50+. The cost to employers is estimated to be $33.8 billion annually in lost productivity.  Studies show that giving employees the tools they need to navigate the elder care landscape greatly reduces absenteeism, downtime and turnover and promotes productivity and job security.

This panel discussion will be lead by these esteemed professionals: 

Aoifa O’Donnell, CEO of National EAP, Inc. will moderate the discussion and examine the workplace impact issues that are caused by the demands placed on working caregivers.   Real life case studies will be examined with a review of options and strategies for business owners and human resources professionals regarding how to best manage, engage and retain the employee through the caregiving period.   

Melissa Negrin-Wiener, Esq., Elder Law attorney and partner at Cona Elder Law will address what working elder-caregivers need to know in order to protect both themselves and their aging loved ones, such as resources available to elder-caregivers, asset protection planning, essential legal documents, estate planning, Medicaid planning and eligibility, Veterans benefits and more.

Jim Hoolahan, Custodial Care Financial Specialist, Founder and Principal of Employee Care Resources, will discuss current and projected costs for elder care in the New York area, payment sources available for elder care and the pros and cons of the different financial tools used to lower the costs associated with elder and custodial care.