IIn past blogs, we’ve often discussed the importance of a well-rounded approach to caregiver retention. Arguably the most important factor in your retention strategy is the compensation package of wages and benefits you offer to your caregivers.
You might be groaning as you read this; you’re probably all-too-familiar with the heavy competition for wages and the high costs of increasing them.
Fortunately, while finances and the reality of your situation might restrict your options to pay caregivers significantly more, you can use a strategically designed benefits plan to supplement your wages and stay competitive. Offering benefits that are valuable to your caregivers, tailored to their needs, and (in a few instances) fun or creative enough to stick out to potential applicants will go a long way toward strengthening your recruitment and retention efforts.