Industry Benefits Summary

Nursing Home and Senior Living Industry- Employee Benefits Summary

Nursing assistant and orderly positions are expected to grow 8% in the next eight years, much faster than average. When it comes to attracting top-quality candidates to fill these vital roles, offering an all-inclusive benefits package is a must.

But, staffing approaches can have a significant influence on benefits and structure, with some part time shifts such as three days on and three days off can become the norm. There's also a higher rate of females in child bearing age, and this means a higher demand for quality short term disability benefits and both maternity and paternity leave benefits. Often additional education is required and student loan assistance may be a differentiator. Work related injuries can be more common as there is physical labor involved in many of the roles dealing with patient care.

As a whole, these employees are active participants in the healthcare sector, meaning they are likely to be somewhat higher users and have an improved higher general health education.

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The Nursing Home and Senior Living Industry Employment Summary

There are around 90,000 nursing homes and senior living facilities nationwide, employing over 3.5 million people. Each community has an average of 39 employees, and the industry is female-dominated, with only 21% of employees identifying as male. The median employee age is 43 years old.

Nursing Home and Senior Living Industry Benefits Comparison

72%

What percentage of senior living communities offer medical insurance?

  • 72% of nursing home employers offer their employees access to medical insurance. This is above the national average of 69%.
  • These businesses provide an average monthly employer premium of $1,118 for family coverage. This is in line with the national average of $1,121.
  • Additionally, these businesses provide an average monthly employer premium of $484 for individual coverage. This is also right in line with the national average of $458

37%

What percentage of senior living communities offer short and/or long-term disability insurance?

37% of nursing home facilities offer short-term disability insurance, and 39% provide a long-term disability option. This is lower than the national average of 42% and 34%, respectively.

60%

What percent of senior living communities offer life insurance?

60% of senior living communities offer life insurance coverage. This is slightly above the national average of 56%.

26%

Do senior living communities provide access to paid family leave?

  • 26% provide access to paid family leave. The national average is 20%.
  • 91% provide access to unpaid family leave. The national average is 88%.
  • 67% offer consolidated leave plans. The national average is 44%.

Summary

Nursing homes and senior living communities are in line with the national standard for providing comprehensive employee benefits packages. There are some opportunities to improve their nursing home employee benefits, including providing more in-depth short-term and long-term employee benefits packages and increasing the number of paid vacation days. Once these changes are made, senior living employers will notice how strong benefits packages are a prime factor to attracting employees to their team, while retaining them for years to come.

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