the commonwise difference

The Business Case for Increasing Caregiver Wages

Why Commonwise chooses to pay caregivers more

Employees in the home care industry deserve higher wages than the industry standard.

In an op-ed published in the Home Care Technology Report, I argue that agencies should consider the sound business case for increasing the wages of caregivers.

In light of a January 2016 ruling by the Department of Labor, home care agencies can find a silver lining in the requirement to provide better pay to their employees.

First, increased wages help attract new workers to the field. Caregivers earn a notoriously low median hourly wage, and increased pay will entice high-quality workers who may have previously looked elsewhere for work.

Second, better compensation will improve the quality and scope of candidates who may consider the home care industry, which helps agencies offer better care.

Finally, higher wages reduce costly turnover. A lack of caregiver consistency is also taxing to clients and their families.  

Read more of this perspective in the Home Care Technology Report.