Long-term care executives are all being forced to pay overtime wages, according to results of a new survey released by the National Investment Center for Seniors Housing & Care.
NIC’s latest executive survey revealed that 100% of all respondents are currently paying staff OT hours, which was up from a low of 76% in Oct. 2020. Additionally, 84% of organizations were relying on agency and temporary staff, which is also an all-time high.
In addition, 1 out of 5 executives said they’re hiring staff from other industries, a rate that hasn’t been seen since April 2020.
The survey features input from 70 senior housing and skilled nursing operators, with responses collected between July 12 and Aug. 8.
Survey findings mean operators’ net operating incoming “is likely being squeezed”vdue to the pandemic-associated staffing struggles, NIC Senior Principal Lana Pack said.
Findings also found that roughly 55% to 60% of respondents reported that the pace of move-ins had accelerated within the past 30 days, despite the rise in the delta variant.
