As part of the 2016 Home Care Benchmarking Study, hundreds of providers revealed which benefits they offer their caregivers and office staff. These are the results for caregiver benefits for providers in the $0-799K and $2.4M+ revenue ranges:
These are the results for office staff:
While almost all benefit types increase with revenue, healthcare and paid vacation are among the most significant benefits offered, which aligns with the preferences in Monster’s survey. If these benefits are outside of a provider’s financial reach, it may be beneficial to plan for a future benefits package and offer smaller forms of recognition and perks until you can implement it.
(Related article: 3 Ways Caregivers Want to Be Recognized)
As providers assemble their benefits packages, they should take into consideration what their competition is offering as well as what their employees are seeking. The better providers take care of their current employees, the more likely they’ll be to attract the best new ones.
For a more detailed list of benefit offerings for various revenue ranges along with other helpful industry data, refer to the 2016 Home Care Benchmarking Study.