Human beings are living longer, and according to the World Health Organization (WHO) by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. And septuagenarians, octogenarians, nonagenarians and centenarians are also making up a larger percentage of the population. With senior living centers as the only option for many, improving the working condition in this industry is critical. The three-year corporate partnership between Argentum and OnShift looks to promote workforce excellence by addressing the challenges senior living centers face.
Argentum, formerly known as the Assisted Living Federation of America, is a trade association dedicated to professionally-managed, resident-centered senior living communities as well as fostering innovation in the sector. The industry as a whole suffers from a large attrition rate, and with this new three year partnership with OnShift, a provider for cloud-based human capital management software that solves workforce challenges in healthcare, the goal is to solve the problems as the number of seniors continues to increase.
"Workforce development is a key area of concern for our members. OnShift is widely recognized for its innovation and leadership helping senior living providers overcome workforce challenges," said Argentum President & CEO James Balda.
The agreement will focus on developing research to gather data and provide senior living operators with the tools they need to improve their workforce strategies.
The OnShift suite of products gives organizations the predictive and intuitive tools they need to find and recruit talent, make quality hires, optimize schedules and workforce analysis with a cloud-based software. Senior living centers will now be able to get hiring recommendations, acquire talent, efficiently schedule staff, and anticipate their workforce needs.
"With a sound staffing and workforce strategy, senior living providers can experience better operational performance while delivering high quality care and service to residents, their families and loved ones," said CEO Mark Woodka, OnShift.
The healthcare industry is facing challenges across the board when it comes to finding talent. A recent report by Research and Markets revealed the industry is one of the fastest segments deploying workforce management (WFM) software. The Global Workforce Management (WFM) Software Market in Healthcare 2015-2019" report it published revealed it will grow at a CAGR of 13.18 percent over the period 2014-2019.
According to Argentum, the rate in which the population in the U.S. is aging is creating record demand for long-term care services in the near future. The organization predicts the industry will need 1.2 million new employees by 2025. With partnerships such as the one with OnShift, it hopes to get the right talent and entice them to stay for longer periods or even make the job their career.
