The Real Cost of Employee
Turnover: How to Solve Your #1 Problem for Good
As an owner of or administrator in a senior care facility, skilled nursing facility (SNF), or assisted living community, you know the pain all too well: the constant cycle of hiring and training new direct care workers and CNAs. It’s a chronic, expensive problem that drains your time, budget, and staff morale.
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But what if the high turnover you're fighting isn't just about pay, but about something far deeper?
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The truth is, financial stress is a primary reason employees leave for what seems like a better opportunity - often for just a small pay increase. This isn't just theoretical; it's a hidden cost we call the "Silent Tax," and it's eroding your facility’s budget from the inside out.
THE SIMPLE EQUATION FOR BETTER RETENTION:
YOUR FINANCIAL WELLNESS PROGRAM IS THE SOLUTION
The traditional approach to benefits has been stuck in the 1980s long enough.
Employees need a foundation of financial stability to stay engaged and present.
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HERE ARE THE FACTS:
Financial stress is a primary reason employees leave
A single unexpected expense can feel like a financial crisis, forcing a valued employee to seek immediate solutions elsewhere.
Reduced stress leads to higher morale and, most importantly, lower turnover
When your caregivers feel more secure in their personal finances, they are more present, focused, and committed to their work.
Our Financial Wellness Program (FWP) reduces employee financial stress
We provide your staff with the tools to build emergency savings, create a realistic budget, and manage debt. This builds a crucial safety net that prevents minor setbacks from becoming a reason to quit.
Lower turnover saves your facility significant money, making our program a net financial gain
The cost of recruiting, hiring, and training a new employee can be thousands of dollars. The money you save can easily exceed the cost of our program.
READY TO STOP THE CYCLE?
THE ROI OF FINANCIAL WELLNESS:
A SMART BUSINESS INVESTMENT
This isn't a feel-good perk; it's a strategic move to protect your bottom line. We've seen firsthand how a small investment in a targeted financial wellness program generates a powerful return.
Slash Recruitment & Training Costs:
Reduce the constant outflow of money spent on hiring agencies, job postings, and onboarding new staff.
Increase Productivity:
Your employees are more focused on resident care and less distracted by personal financial crises.
Decrease Overtime & Absenteeism:
A more stable team means fewer last-minute call-outs and less reliance on costly overtime hours to fill gaps.
We understand that every dollar matters.
We'll show you how the savings from reduced caregiver turnover can easily cover, and even exceed, the cost of our program.
SEE THE SAVINGS FOR YOURSELF. LET'S TALK NUMBERS!
BECOME AN EMPLOYER OF CHOICE FOR YOUR COMMUNITY
Beyond the financial benefits, a Crusaders for Change FWP makes you a highly attractive employer. This is a powerful recruitment tool that shows you truly care about the well-being of your direct care workers.
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You're not just offering a job; you're offering a path to financial stability. In a competitive market for talent, this can be the ultimate differentiator.