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Podcast: ComForConnections: Aging and Home Care Podcast
Episode: Masterclass: Inspired Care – Leading and Empowering Your Caregiving Team
Description: Over the years, the healthcare and aging services sectors have witnessed a drop in retention rates across their teams. The estimated cost of caregiver turnover for home care agencies averages $171,600 per year. The Society for Human Resource Management reports that replacing an employee can cost an employer six to nine months of the employee's annual salary. For specialized healthcare professionals, this cost can rise to as much as 200% of their annual pay. Such statistics highlight the critical need for effective recruitment and retention strategies, which are vital for cultivating a culture of caring and excellence in caregiving organizations.
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