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The average senior living provider is spending an average of $210,000 a year in turnover costs—all for hires who last 12 weeks max. That’s a lot of time and money you’re putting towards temporary staff. It’s safe to say that traditional hiring methods in senior care are no longer working and haven’t been for a long time.
Want to hear something scary? Less than half your staff feel completely prepared to perform their job in the field. And here’s an equally frightening fact. Your customers are feeling the effects. Both customers and employees rated training received as one of their lowest satisfaction scores in the latest Activated Insights Benchmarking Report.
Last year we hosted a webinar on how to become a “Great Place to Work” and the dramatic results it can have on your recruitment and retention efforts. The response was nothing short of jaw dropping! It was one of our most attended webinars of the year and one of the most requested for an encore performance.
Despite the attention it’s been given over the past few years, the staffing crisis in home-based care and senior living remains a major problem. The post-acute care industry ranks in the top five for highest turnover rate, costing providers an average of $310,880 a year on employees who stick around for 12 weeks max. Fortunately, you have an ace up your sleeve to improve employee recruitment and retention.
Lasting relationships are built around making your partner feel recognized and appreciated. The relationship between post-acute care providers and their employees is no different. Unfortunately, that relationship is at an all-time low and turnover is spiking as a result. In fact, “lack of recognition” was the number one employee complaint in the last Activated Insights Benchmarking Report.