Labor Market Challenges

LD
Lowndes, Drosdick, Doster, Kantor & Reed

Contributor

The firm’s original four partners were engaged primarily in a burgeoning real estate practice. While our real estate practice and deep-rooted involvement in that industry remains an integral component of the firm, we have grown alongside the dynamic needs of our clients and community at large. Today, the firm’s lawyers advise clients on almost every aspect of business: from copyrights and trademarks to high-stakes, high-profile litigation; from complex commercial and residential real estate issues to wealth management; from labor and employment law to healthcare; from capital raising and entity formation to corporate growth and expansion locally, nationally and internationally.
A recent article by Beth Burnham Mace in the National Real Estate Investor talked about labor market conditions for the senior housing sector as being extremely challenging.
United States Employment and HR

A recent article by Beth Burnham Mace in the National Real Estate Investor talked about labor market conditions for the senior housing sector as being extremely challenging. While wages are rising especially in states and municipalities with increased minimum wages, there is a shortage of workers which is also driving operating costs up. Operators are using enhanced benefit programs to try and entice employees and to stem the ever present problem of turnover. Staff turnover is a problem that can lower the morale of residents and negatively impact the attractiveness of a senior housing facility.

Enacting benefits, rewards and recognition programs along with the change in immigration laws could go a long way to resolving the issue.

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