Covid-19 exacerbated an already tough hiring environment for senior living providers over the past year. Now, as the industry nears a post-pandemic environment, it is uncertain if providers will be able to recruit available workers — a challenge that may become harder if hospitality and other industries hard hit by Covid-19 experience quick rebounds. Sign […]
Hiring employees is now the top labor challenge for the senior living industry, and unsurprisingly, Covid-19 is a big reason why. That’s according to a new “Workforce 360” report from OnShift, a company that provides senior living workforce software and services. For its latest report, OnShift heard from more than 2,100 senior living industry professionals, […]
The Covid-19 pandemic has injected new stress and fear into senior living workers’ lives, and this has prompted some providers to implement new strategies in order to retain them. Flexible scheduling, higher pay, free meals and other services were not standard fare in the senior living industry before the pandemic, but providers now wield these […]
Ziegler completes 3 transactions totaling $240M Ziegler completed the following transactions: A Series 2020 Bond package totaling $199.4 million for Acts Life-Retirement Communities, consisting of $115.11 million in Series 2020 tax-exempt bonds and $84.3 million in 2020 taxable bonds. The tax-exempt bonds were issued through the Wisconsin Public Finance Authority, Palm Beach County (Florida) Health […]
The complexities of Covid-19 have thrown a wrench in many senior living providers’ recruitment efforts during a time of need. But there are some ways companies can retool hiring for the new pandemic age. Forging ahead with a new hiring strategy is especially important, given that Covid-19 has only made hiring harder in recent months, […]
New Senior completes $385M AL/MC Portfolio sale New Senior Investment Group (NYSE: SNR) completed the $385 million sale of its entire assisted living and memory care portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the transaction, which was first announced last November, were used to reduce debt by approximately $360 […]
The ability to attract and retain frontline workers is often cited as the biggest challenge for today’s senior living providers — and many think it’s going to stay as bad, or even get worse, in the next three years as they compete with the so-called “gig economy” for new workers. That’s according to a new […]
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Senior living industry association Argentum on Tuesday announced new efforts to recruit, retain, and measure the senior living workforce. At the forefront of those efforts is an apprenticeship for nursing assistants and caregivers in senior living, which the organization is collaborating on with a steering group that includes industry stakeholders Brookdale Senior Living (NYSE: BKD), […]
OnShift has a new card in its Wallet. The Cleveland-based workforce management software firm announced on Tuesday it’s adding a prepaid Visa card option to Wallet, the PayActiv-powered app it launched in 2017 to help senior care workers access earned but unpaid wages. The move is aimed at giving those employees a way to access […]