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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.
“And the award goes to...” Join us on the digital red carpet as we recognize this year’s prestigious award winners in home care. Last year, hundreds of agencies across the country worked tirelessly to provide exemplary care throughout the industry. Now, we’re proud to recognize the best in home care with the industry’s most distinguished awards.
You deserve complete support across the employee lifecycle. That’s why Activated Insights just acquired Pre-Intent, an automated outreach solution for recruiting front-line talent for the long-term and post-acute market. This acquisition perfectly complements HCP’s solutions to offer providers a comprehensive support system across the entire employee lifecycle.
In the last year alone, employee turnover spiked by 12%, resulting in a total 77.1% annual turnover rate. This never-ending revolving door of recruitment and retention is costing providers an average of $386,590 a year. It’s time to unlock your recruiting advantage and recruit for retention. Great Place to Work certified companies are seeing a decrease in turnover by 50% with a 25% higher retention rate of millennial employees.
High employee turnover remains a formidable challenge for post-acute care providers of all sizes, with about 40% of turnover happening within the crucial initial 100 days of new hires. Join HCP's VP of Sales, Josh Kondik, as he addresses this issue, providing insights and tools to effectively tackle the complex problems associated with employee churn.