Retaining caregivers is a very important component to running an effective home care business. Multiple reward programs should be in place to offer incentives and awards to caregivers. Below are a few statistics, findings, and suggestions offered by www.homehealthcarenews.com that shed light on a growing issue in the industry:
“High caregiver turnover rates continue to plague the home care industry, but implementing a program focused on employee recognition shows considerable promise in helping agencies retain quality staff.
Caregiver turnover is the biggest threat to home care providers in 2015, according to results from the 2015 Private Duty Benchmarking Study conducted by Home Care Pulse, a firm specializing in satisfaction management research and quality assurance for the home care industry.This year, 62.8% of providers listed caregiver shortages as one of the top threats they face in their home care business, compared to 48.9% who felt this way a year ago, according to the 2015 study. Based on research from its 2015 Private Duty Benchmarking, which polled 701 home care providers representing over 1,000 locations, Home Care Pulse found that caregivers view verbal recognition (36.9%) more importantly than perks like vacation time and bonuses (20.4%).
Verbal recognition even triumphed over pay raises (14.%), recognition by client (13%) and company-wide recognition (12.3%).”
As the demand for home care grows so will the effort to retain caregivers. Age In Place Home Care takes pride in offering various incentives and a great work environment to ensure good retention rates for our caregivers. Inventive driven caregivers that receive verbal support are more motivated and effective.