The Latest Statistics
More than 4.5 million people (about twice the population of New Mexico) in America quit their jobs in November, The New York Times reports. That’s the largest number of people who quit their jobs in two decades of tracking.
The rate of quitting has been especially high in hospitality and other low paying jobs, The New York times reported.
With more than 10.6 million openings according to the Labor Department, workers are taking advantage of the high demands to look for jobs with better pay or working conditions.
What industries are leading the Great Resignation, and why?
Harvard Business Review conducted an in-depth analysis of more than 9 million people (about half the population of New York) from more than 4,000 companies to better understand who is driving the great resignation.
The analysis found that resignations are highest in the tech and health care industries, citing increased workloads and burnout.
Not only are caregivers leaving their jobs in record numbers, but companies now need to compete financially to keep workers. Hourly wages are up 4.3 percent in November, according to data from the Federal Reserve Bank of America.
The Great Resignation’s Impact on the Senior Living Industry
The latest Skilled Nursing Monthly Report on December 30, 2021, said that the severe labor shortage has caused many properties to limit admissions and slowed recovery in occupancy, with staffing shortages expected to remain a challenge in 2022.
Senior living industries need caregivers and staff to drive occupancy and provide a standard of care for residents. With resignation rates increasing steadily over the last months, leaders need a plan for applicant management in the new year.
What is Applicant Management and how is it a solution?
All those statistics should convince you of this truth leading into 2022: It’s time to treat your applicants like you do your leads, precious.
Applicant management is an automated, integrated solution for helping your community hire better candidates faster. It can save your team time and help keep your buildings fully staffed.
There are many types of applicant management systems on the market, and one may be better than another for your specific needs.
Ask yourself these questions when using an applicant management system:
- Do you need help sifting through resumes or scheduling interviews?
- How much time are you currently spending filling missed shifts in your community?
- How fast do you need positions filled?
If you are looking for a senior living specific solution that will make the most of your recruitment spend by connecting you with the best candidates faster, consider SeniorVu.
SeniorVu’s applicant management system will analyze and track inbound and outbound calls, applicant status, and community comparisons. Interviews are scheduled for you, and our system integrates with your community calendar. You will receive automated alerts and updates to your HR system.
SeniorVu’s focus is on speed-to-lead, connecting your community with qualified candidates in under ten minutes. You can learn more about SeniorVu’s applicant management solution here.