Survey: Assisted living providers and workforce see income growth in 2012
The senior living business sector saw income increases for providers and workers in 2012 according to an Assisted Living Federation of America (ALFA) report released Wednesday.
Senior living providers showed significant growth. Companies enjoyed a 22% rise in revenue and 25% increases in resident capacity and employment.
Workers received an average compensation increase of 5.5%. Site operations directors, site resident services directors, directors of nursing services, and career-level registered nurses each saw increases in base pay.
But some job salaries were flat, and others, including corporate resident services directors and second-level resident care providers, saw decreases compared to 2011.
ALFA's s seventh annual survey contained data from 230,000 employees who worked at 1,950 locations. The report includes information on total cash compensation broken down by location, community type and company revenues, and features more than 240 job descriptions.
A version of the report can be seen by clicking here.
The full report is only available for purchase to those who participated in the survey or contractually commit for the 2013 survey. For more information, click here.