Senior Living Staffing Challenges

Staff retention and turnover continues to be one of the biggest challenges faced by senior living providers. The National Investment Center for Seniors Housing and Care (NIC) reports that the annual turnover rate among senior living staff is approximately 85 percent across all positions.²

Moreover, burnout rates among current care workers are also high—with many caregivers leaving their field—and demographic trends are not promising. In fact, the stats are quite striking. According to the American Health Care Association: ³

• Ninety-nine percent of nursing homes currently have open jobs, including 89 percent who are actively trying to hire for registered nurse positions.
• Seventy-two percent of nursing homes say their current workforce levels are lower than pre-pandemic staffing levels.
• More than half of nursing homes say their workforce situation has stayed the same or gotten worse.

Addressing staffing challenges in the senior living industry is not a one-size-fits-all endeavor. It requires a multifaceted approach, but investing in employee benefits is a great place to start.

The Importance of Employee Benefits

Employee benefits are important for several reasons. They play a large role in helping to attract, retain and motivate employees. According to a recent study, over 60 percent of employees claimed that benefits are extremely important to their employer loyalty.⁴ Additionally, benefits can help employees outside the workplace, providing them with the support and resources they need to lead fulfilling lives.

Here are five outcomes that employee benefits can help achieve:⁵

1. Attract the Most Talented Employees: Employee benefits are one of the most important considerations when candidates research a new employer. A comprehensive benefits package can help your company stand out from competitor businesses and attract the best candidates.
2. Minimize Employee Turnover: Employee benefits can play a huge role in reducing employee turnover. A well-considered and complete benefits package can help employees feel valued and appreciated, leading to increased job satisfaction and a lower likelihood of leaving the organization.
3. Enjoy Better Morale: Benefits can foster a positive work environment, which will improve morale. For example, offering perks such as flexible work shifts or a casual dress code may create a more relaxed and enjoyable work environment.
4. Help Your Employees Outside the Workplace: Benefits can also extend beyond the workplace and support employees in their personal lives. For example, offering financial planning services or tuition reimbursement can help employees achieve their personal and professional goals.
5. Job Satisfaction: A comprehensive benefits package can help employees feel valued and appreciated, increasing job satisfaction and engagement. This can ultimately improve performance, lower turnover, and establish a more positive and productive work environment.

Innovatix’s Employee Discount Program

With the new year fast approaching, now may be a good time to consider enhancing your existing employee benefits package with our employee discount program offering.

The Innovatix Employee Discount Program (EDP) is designed to allow employees of member organizations to enjoy the same savings that the businesses themselves receive. This value-added member program encompasses a variety of discounts on personal purchases from more than a dozen national brands. Included are well-known names in different sectors, including telecommunications giants like AT&T, Sprint and Verizon. Also included are office supply leaders like Staples and Office Depot, and car rental service Hertz.

Here’s the full list of suppliers currently participating in our EDP: