Strategic Leasing As a Solution To Employee Turnover

Recently OPEN MINDS sent out an email titled “Does An ‘Agile’ Workforce Want Your Jobs?” where Monica Oss, Chief Executive Officer, touched on several points detailing how staff turnover affects providers economically. OPEN MINDS has covered this topic extensively exploring it in regions across the country: providers in Illinois have reported a 70% turnover rate and providers in New York have reported a 23% turnover rate. Of course there are a number of reasons for high turnover, but compensation remains the largest obstacle. Strategic Leasing As a Solution To Employee Turnover You may be thinking “what is strategic leasing” or “how can that help me?” Strategic leasing is the process in which a human service provider sells the residential properties it operates out of to a single landlord with the sole purpose of leasing those properties back. This allows the provider to continue operations without interrupting the individuals they serve while utilizing the trapped capital to expand operations, achieve additional goals or - what’s pertinent in this case - to offer competitive salaries to retain qualified staff. To learn how a Strategic Leasing Partner can help you contact the CapGrow Partners’ team 24/7! Interested in joining us for the 2017 OPEN MINDS I/DD Executive Summit In Long Beach, California? Learn More And Register Here!