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Senior Living Pair
If you’re running a senior living facility, we know that you’re in a constant race to staff up to meet growing demand. Unfortunately, finding qualified people to provide great care has never been more difficult.

The senior living sector is poised for scalable growth to meet exploding market demand. As the population in the United States ages and lives longer, new startups and existing businesses in the senior living industry have numerous expansion opportunities—n physical locations, in service offerings and much more. 

If you’re running a senior living facility, we know that you’re in a constant race to staff up to meet growing demand. Unfortunately, finding qualified people to provide great care has never been more difficult. The industry is facing a unique set of workforce challenges that can significantly affect productivity and profitability for operators. We believe the time is right to master these challenges.  The senior living sector is poised for scalable growth to meet exploding market demand. As the population in the United States ages and lives longer, new startups and existing businesses in the senior living industry have numerous expansion opportunities—n physical locations, in service offerings and much more. 

If you’re running a senior living facility, we know that you’re in a constant race to staff up to meet growing demand. Unfortunately, finding qualified people to provide great care has never been more difficult. The industry is facing a unique set of workforce challenges that can significantly affect productivity and profitability for operators. We believe the time is right to master these challenges.   

10 WORKFORCE CHALLENGES

  1. Ongoing talent shortage
  2. Rising cost of health benefits
  3. Building your HR department vs. acquiring it
  4. Successfully navigating the hiring process 
  5. Oversight of HR compliance in multi-state operations 
  6. Staying current on employment laws and regulations
  7. Developing talent from within
  8. Offering competitive compensation
  9. Maintaining an ethical culture
  10. Sustaining employee motivation and engagement  

These workforce challenges are influenced by several trends impacting the sector:

  • An increasingly aging population, combined with many baby boomers reaching their retirement years, is creating an increase in demand for senior care. Medical advances are helping people to live longer, progress in technology is supporting the ability to live more efficiently and more easily, and new financial models are giving seniors increased spending power. 
  • Low-interest rate environments are propelling property management companies, both those specializing in senior living communities and those whose portfolios are broader, to carry additional debt in exchange for acquiring more properties. Once acquired, properties need to be managed by industry-qualified personnel, contributing to the rise of niche senior living management companies nationwide.
  • A growing lack of qualified nurses and caregivers is driving up patient-to-nurse ratios at senior living communities. This talent shortage is also driving increased recruiting costs for management companies. 

Looking at the current operating environment for senior living communities, this guide outlines a series of 10 workforce challenges that are impacting organizations, their employees and their residents, along with an array of thought-provoking questions to help you to understand the potential impact on your business. We trust this information will help to guide you in addressing workforce challenges while supporting resident-care staff.

For more information, visit www.OasisAdvantage.com/Senior-Living or call 866-AT-OASIS (866-286-2747).

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