Labor statistics and reports are projecting new senior living staffing needs as high as 1.5 million by 2025. Attracting and retaining quality caregivers is important to avoid a workforce crisis. Equally as important is the looming departure of CEOs and senior executives, and the impact it will have on our industry. Why should an organization have a solid succession plan and how does it impact occupancy and a community’s viability?
If you are expecting leadership departures, what plans do you have in place to fill the gap in leadership? Occupancy, satisfaction levels, and cost creep are just a few of the potential risks during a leadership change. Read our blog post CEO Succession Planning to learn the 6 key factors to plan for a smooth CEO transition.
Hear more about labor headwinds and other current trends during the Seniors Housing Midwest Conference. Notable industry leaders will discuss occupancy, capitol allocation, and their outlook for the remainder of 2018.
Won’t be joining us in Chicago? Check out our Industry Conference Schedule for details on other conferences we’ll be attending.