NIC Notes

Insights in Seniors Housing & Care

Skilled Nursing  |  Skilled Nursing Tracker  |  Workforce  |  staffing

Skilled Nursing Staffing Shortages May Have Peaked but Cycle Continues

By: Omar Zahraoui  |  October 13, 2022

With wage inflation and continued labor market challenges and shortages, skilled nursing operators and owners face steep competition relative to other industries (i.e., indirectly from other service industries such as hotels and restaurants) especially those operating in regions and states where broad labor availability is tight and employer demand is high. Additionally, amid generally low occupancy levels, skilled nursing owners and operators face challenges over the long term with new and proposed staffing mandates and requirements.

Economic Trends  |  Senior Housing  |  Workforce

263k New Jobs Created in September: Jobless Rate Fell to 50-Year Low

By: Beth Mace  |  October 07, 2022

The U.S. Bureau of Labor Statistics reported that nonfarm payrolls rose by 263,000 in September 2022 and the unemployment rate fell back to its July level of 3.5%. The September increase was well below the year-to-date average of 420,000 and below the monthly average of 562,000 seen in 2021. The monthly gain paints an image of a still growing, but slowing, job market. Revisions added 11,000 positions to total payrolls in the previous two months.

Executive Survey Insights  |  Market Trends  |  Workforce

Executive Survey Insights Wave 45: August 22 to September 18, 2022

By: Ryan Brooks  |  September 23, 2022

“Just under one-fifth of respondents noted that the severity of staffing shortages across their organization was severe, while two-thirds indicated the problem was moderate. Regarding tenure of newly hired, full-time employees, on average, just under one-third (29%) of organizations kept more than 80% of new staff on the job after one month, which is down from the Wave 39 survey, conducted in March 2022, when just under one-half (46%) of respondents kept more than 80% on the job after one month.

Business Environment  |  COVID-19  |  Ideas and Discussion  |  Workforce

Do You Understand the New Workforce?

By: NIC  |  September 13, 2022

A Conversation with Paychex Executives Amid a workforce shortage, companies are looking for effective strategies to recruit and retain the best workers. Solutions start with the recognition that the workforce itself is changing.