by Howard Labow, CEO, National Enrollment Services (NES)
America is in the midst of an aging evolution. With advancing medicines and increased life expectancies, the number of Americans aged 65 and older is projected to double by 2060. Communities across America are finding young people moving away. This leaves older adults to “age in place” without family close by. In this shifting landscape, the need for care of all kinds is expected to increase by 75 percent.1
These are key indicators families are encouraged to explore. If staff are not satisfied, they will have less energy and patience for clients.2 For families and clients, walking into a care home where staff are well resourced and feel supported is an unparalleled experience. These employees have more energy for clients; they are able to be present, offer their full attention, and go above and beyond. America’s Baby Boomers are preparing to transition into care home clientele, and they will have high expectations of quality care.
How do you ensure your company offers well-resourced and satisfied staff while maintaining your bottom line? By helping your employees live better lives. One way to immediately help employees living on the low end of the wage scale is by educating and providing hands-on guidance in claiming the Earned Income Tax Credit. This can help them recover up to a few thousand dollars annually, having a significant impact for many of your employees’ households.3
Another far-reaching way to enhance employee satisfaction is by offering the opportunity to learn about and purchase voluntary benefits. Voluntary benefits help bridge the gap in existing coverage and are a cost-effective way to give your workers the support they need.
Overall, employees who feel cared for and supported are happier and more productive workers. They feel more connected to your company and appreciate your leadership. This directly influences how they work with your clients, creating an atmosphere that will inevitably help increase your bottom line.
To learn more about employee support services and tax credits contact Howard Labow at hlablow@nesbenefits.com.
1 https://www.prb.org/aging-unitedstates-fact-sheet/
2 https://www.aarp.org/home-garden/housing/info-03-2012/safe-nursing-home-questions-to-ask.html
3 https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit