While staff turnover continues to plague many senior living providers, some companies have shown large-scale success through new, alternative initiatives. One has prompted turnover levels as low as 5%.
Labor costs consume a substantial amount of senior living providers’ operating budgets—often times in the neighborhood of 50-70%—and can amount to $5,000 in training costs to replace a single employee, according to OnShift, a software company specializing in senior living staffing and shift management.
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