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Even During Recession Senior Care Industry Grows at Exponential Rate - 40% Since 2008: Caregiver Average Hourly Wage is 38% Above National Minimum Wage, Requires Little or No Training

Chicago, IL (PRWEB) January 16, 2013

Caregiverlist.com, the premier service connecting seniors and professional caregivers with the most reliable senior care options, announced today the first “Caregiverlist.com Senior Care Employment Index” that monitors the eldercare job industry. Due to massive senior care industry expansion, there has been 40% growth in U.S. senior care agencies since 2008 and more than 4,000 caregivers and CNAs are hired monthly from Caregiverlist.com by subscribing senior care companies. Senior caregiving is a great job opportunity that pays 38% more than the national minimum wage and often requires little or no training.

Beginning in 2008, Caregiverlist.com has been tracking the rapidly-growing senior care industry and has compiled the only data for caregiver pay rates, industry size and growth, top cities for senior care employment and types of senior care positions available.

“Since 2008, the industry has experienced expansive growth, even in a challenged economy. There is a huge demand in senior care, along with great pay opportunities and a variety of jobs available,” says Caregiverlist.com Founder and CEO Julie Northcutt. “These jobs do not require a college degree and caregivers can earn much more than minimum wage jobs. The industry is growing so quickly often these jobs can’t be filled due to a lack of applicants.”

Here are highlights from the Caregiverlist.com Senior Care Employment Index:

•     SENIOR CARE INDUSTRY SIZE: There are nearly 11,000 senior care agencies in the United States: 1,000 new agencies opened in 2012 alone. Each agency is hiring 3 to 6 new senior caregivers on a weekly basis and more than 4,000 caregivers and certified nursing aides (CNA’s) are hired monthly from Caregiverlist.com by subscribing senior care companies.
•     SENIOR CAREGIVER INDUSTRY GROWTH SINCE 2008*:

--40% growth in senior care agencies across the United States
--Nearly 4,000 senior home care agencies have opened
--10 new franchise corporations began selling territories to new franchisees
--1258 senior home care franchise locations opened
--2,000+ independently owned/corporate locations opened
--10,474+ senior home care agencies in operation nationwide

*Source: From Caregiverlist.com subscribers and senior care franchise corporations

•     2012 PROFESSIONAL SENIOR CAREGIVER PAY RATES: Compiled from Caregiverlist.com’s 2012 job applicants, nearly 19,000 caregivers reported a national average of $10 for an hourly rate and $120 for a daily caregiver rate. Even with states increasing the minimum wage in 2013, the average senior caregiver pay of $10 an hour is 38% more than the national minimum wage.
•     TOP 20 U.S. CITIES FOR SENIOR CAREGIVER EMPLOYMENT: Atlanta, Baltimore, Boston, Chicago, Dallas, Houston, Los Angeles/Orange County, Miami, New York City Metro Area, Orlando, Phoenix/Scottsdale, Philadelphia/Cherry Hill, NJ, Pittsburgh, Portland, San Diego, San Francisco, Seattle, St. Louis, Tampa/Sarasota, Washington DC Metro Area.
•     SENIOR CAREGIVER POSITIONS AVAILABLE AND TRAINING REQUIRED TO SECURE THESE POSITIONS:

--Companion Caregiver: No training required other than a caring personality and personal experience is an added bonus.
--Certified Caregiver: Must complete a 10-hour basic caregiver training to become certified caregivers.
--Certified Home Health Aide: State specific (NJ, FL & CA) requirements of formal trainings and standardized testing needed for caregivers to become certified in the home as a health aide.
--Certified Nursing Aide (CNA): Must take state-approved CNA course and pass state CNA exam (Caregiverlist.com has CNA school directory + admission requirements and costs + sample and practice CNA test). All Medicare and Medicaid certified nursing homes and hospitals must have a minimum number of CNA’s on staff to help with patient care and safety.

*Licensed senior care agencies provide training to new hires.

“The future of senior caregiving is going to continue to exponentially grow as the number of seniors in America will increase by 75% in the next decade. There will be a lot of larger companies expanding through acquisitions of smaller, locally managed agencies along with hospitals getting involved to help senior care remain local,” said Northcutt. “Bottom line, we need more senior caregivers since the need is growing so quickly.”

ABOUT CAREGIVERLIST.COM
Caregiverlist.com is the premier service connecting seniors and professional caregivers with the most reliable senior care options, highest quality ratings and outstanding careers nationwide. Founded by senior care professionals, Caregiverlist.com brings the efficiencies of the internet to senior care companies by providing online job application pre-qualification forms, caregiver training and industry news. Seniors and caregivers can access senior service information “by state,” view nursing home costs and star-ratings and learn about all senior care options and quality standards on Caregiverlist.com. For more information, please visit caregiverlist.com.

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