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Staffing has reached a crisis point in senior care. In some locations, the National Guard has been brought in to fulfill care’s frontline duties due to staff shortages. In fact, the average turnover rate for senior care staff is a staggering 40%-70%1. According to the Work Institute’s 2020 Retention Report, the average cost to an employer is conservatively 30%2 of an employee’s salary when they leave. When that formula is applied to the National Bureau of Labor Statistics’ median salary for care staff of $27,7903, that’s more than $8,000 per employee—if you have 100 employees, these costs can easily add up to $500,000 based on the averages. However, there are strategies you can use to increase staff satisfaction and reduce turnover rates. |
