Addressing the Caregiving Shortage in Home Care: Insights & Strategies
White Paper
The United States home care industry is up against a web of converging challenges. First off, the country’s population is aging: as of the most recent census, 16.8% of Americans were 65 years of age or older, and this demographic group is growing faster than ever before. This “silver wave” also has a preference for aging in place, with 77% of older adults wanting to remain in their homes if given the choice.
These factors combined have created a spike in demand for home care services, leaving agencies in a tight spot. The median turnover rate for caregivers is currently hovering around 80% within the first 100 days of being hired, meaning agencies are stuck at the nexus of increasing client needs and extremely high employee attrition.
Agencies have no choice but to go through the hiring cycle again and again, dedicating significant resources to attracting, vetting, and onboarding talent only to lose the majority of them in a matter of months.
Download to continue reading…
