The senior living industry will need to recruit 1.2 million new employees by 2025 and must be poised to create working environments and career paths attractive for these workers, according to the new Argentum report “Getting to 2025: A Roadmap for the Senior Living Industry."
Because about 70 percent of the 65-plus population – including many people with cognitive impairment – requires some form of long-term care, according to the U.S. Department of Health and Human Services, the nation’s aging population will create unprecedented demand for the services of the senior living industry in the coming decades. Until the 1980s, seniors who could not live safely in their own home or with family had few alternatives to institutional care. Today, more than 733,300 older adults live in senior living communities where they can get the assistance they need when they need it while maintaining their privacy, dignity, and respect with assistance of a professional, caring staff.
Other key Workforce Development findings from the roadmap:
“Getting to 2025: A Roadmap for the Senior Living Industry” analyzes the current landscape of senior living care and forecasts a 10-year outlook. It was produced in consultation with hundreds of top senior living executives and other advocates, thought leaders, and policy experts, outlining the most significant opportunities and challenges facing the senior living industry over the next decade. It includes new research to help define the future of senior living in the key areas of Workforce Development, Quality Care, Operational Excellence, Consumer Choice, and Memory Care.
The full report is available digitally www.argentum.org/2025report.
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