It’s the open secret that leading operators have long known—an engaged workforce leads to success in other parts of operations, including key financial and performance metrics.
In the words of one senior living executive, “Happier employees means happier residents. That’s what we’re all about.”
But can we quantify it? What is the business case for employee engagement that will spur…
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The unemployment rate held steady at 3.7% in October, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that there will be building pressure on wage rate growth.
Evidence is mounting that this is in fact starting…
Topics:
Data,
Demographics,
Economy,
Job,
Jobs Report,
Labor,
Managed Care,
Market Study,
Nursing Care,
Occupancy,
Research,
Revenue,
Senior Living,
Seniors Housing,
Skilled Nursing,
U.S. Economy,
Unemployment,
VolumeNIC MAP® Data Service clients attended a webinar in mid-October on the key seniors housing data trends during the third quarter of 2018. Key takeaways included the following:
Takeaway #1: Seniors Housing Occupancy Unchanged, but Remains Soft
The all occupancy rate for seniors housing, which includes properties still in lease up, was unchanged from the second quarter and remained at…
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For the 2018 NIC Fall Conference, the highly popular NIC Talks program returns with eight fresh speakers from beyond the seniors housing and care sector. As in previous years, the TED-style talks are designed to be insightful, highly relevant, and thought provoking – all in 12 minutes. This year’s speakers represent a wide range of talents and experience, all engaged …
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The NIC MAP Data Service recently released national benchmark data through mid-year 2018 for actual rates and leasing velocity. Key takeaways include:
Average initial rates at the time of resident move in were below average asking rates for both majority independent living and majority assisted living properties, with monthly spreads larger for majority assisted living properties throughout the entire reported…
Topics:
Absorption,
Data,
Inventory,
Nic Map,
Occupancy,
Quarterly Report,
Research,
Senior Living,
Seniors Housing,
Transaction Volume,
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