Expanding the Senior Living Workforce
New approaches are needed to expand the senior living workforce. A report from Argentum, "Inside the Senior Living Workforce: Trends, Insights, and Motivations," contains several ideas to address this issue.
The need for workers is increasing, with the 65+ population expected to grow by almost 37 million from 2023 to 2060, reaching 95 million. The industry is expected to need 130,000 additional workers by 2032, on top of the existing 924,000 workers.
- Nonwhite workers represent half of the senior living workforce.
- Foreign-born workers represented 22% of the workforce as of 2023.
Providers can change the diversity of their office-based positions, which are less diverse than other positions.
The report suggests that providers must adapt their recruitment and retention strategies to meet the changing characteristics of the senior living workforce.
As the authors note, the industry's existing workforce of 924,000 workers will need to be supplemented by an additional 130,000 workers by 2032.
Author's summary: Report suggests new recruitment strategies for senior living workforce.