In today’s market, pay and benefits play a large role in an agency’s success when recruiting Caregivers. Those who have more to offer are rising to the top of their market. Many agencies are re-examining their employment package to find ways they can be more competitive in their caregiver recruitment offers. We asked Caregivers and CNAs which benefits were more important to them in a head-to-head style matchup so you can make more informed decisions about where to spend your dollar to continue hiring Caregivers and grow your business. In our last matchup, Battle of the Benefits: Does a Higher Wage or Preferred Hours Mean More When Recruiting Caregivers?, a higher wage prevailed as more desired. This time through, we’ll take a look at a 401k program versus paid vacation time.
The clear winner of this matchup is the 401k program with nearly 70% of the vote. As the demand for home care services grows the need for Caregivers and CNAs is expected to grow as well. The number one threat to home care agencies is having enough Caregivers now and in the future. Any way to help Caregivers and CNAs stay in the industry long term and view it as a career will pay dividends in years to come. With a 401k program being this popular, it seems Caregivers are interested in ways to stay in the industry as well. Agencies offering Caregivers a place to build for their future will likely find themselves with a better Caregiver and CNA recruiting system. Paid vacation time still brought in just over 30% of the vote. While it doesn’t stand up head to head against a 401k, it does draw interest from a portion of the market. Home care recruitment is about getting any edge you can, and 30% is worth listening to.
You can find all of the Battle of the Benefits alongside other Caregiver, HHA, and CNA recruitment insights in our latest trend report, available for full download now.
You may also like: