The average cost of hiring a new staff member is $4,420. When staff turnover is high, these costs can cripple an operator. Costs range from hiring expensive bank staff to spending hundreds of dollars a month advertising on job boards. You then need to spend tons of man hours sifting through applications, interviewing candidates, and training new staff up to …
The number of seniors 65 and older is expected to rise to 98 million by 2060, according to PRB data. Some of these older Americans are still working and active, prompting many to flock to the cities. The best locations for senior citizen housing tend to be in cities with low crime rates and better affordability. We talk about what …
With over half of the U.S. population, over 65 million, over 50 and heading households, it’s clear that in the next decades, the demand for a wide range of housing for seniors with diverse needs must be met. In fact, a researcher in demographics from the University of Virginia by the name of Hamilton Lombard says that the community of over-65ers will …
Working as a successful senior living housing manager has many challenges and roadblocks from marketing to management. How does one navigate these roadblocks to not only be successful at their job but also to make sure the assisted living community is running as smoothly and efficiently as possible? Keep reading for more tips on how to navigate the roadblocks most senior …
As a senior living facility, you have an important duty to your clients to perform as well as possible. You’re not just making products or giving services as a senior living facility. Instead, you’re caring for people and helping them keep living their fullest lives when they can’t do it themselves. If you’re not operating at peak performance, you’re failing …
Based on Census data, it’s estimated that in the next decade, senior citizens will make up 20 percent of the population. If you’re a new investor, these statistics are attractive. And you’re not the only one. Promising statistics are drawing many investors are heading to the assisted living facilities industry. But understanding how assisted living for sale for works can …
Life after retirement can be exciting and empowering for some, but empty and isolating for others. That’s why communication is so important to them. Senior citizens are using technology and social media to stay connected and fulfilled, but they need much more than that. In this post, we’ll tell you what else they need to make the most of life …
10,000 people turn 65 every day and 4,000 others turn 85. This has led to increased demand for senior housing units. The demand is set to increase even more, with the estimated number of units being 3.2 million by the year 2040. In a bid to cash in on the promising future, more investors are now making make a leeway …
It’s easier than ever before for seniors to live independently at home with the assistance of family, friends, and/or professional caregivers. This phenomenon, “aging in place,” has gotten quite a boost from an ever-evolving array of high-tech devices Senior living communities also need to keep up with top technology trends, especially if they want to draw seniors away from their …
It is estimated that by 2050, more than a fifth of the United States population will be over 65 years old. This is a 15.6 % increase than where it stands today! With the ever-growing aging population, investors are looking for the best ways on how to care for the senior community. Different surveys have indicated that there are over …