{"id":10367,"date":"2016-10-12T07:00:33","date_gmt":"2016-10-12T12:00:33","guid":{"rendered":"https:\/\/www.senioradvisor.com\/blog\/?p=10367"},"modified":"2020-10-26T14:23:36","modified_gmt":"2020-10-26T19:23:36","slug":"caregiver-cooperatives-in-home-care-from-professionals-with-a-stake-in-the-business","status":"publish","type":"post","link":"https:\/\/d30braiqprupoq.cloudfront.net\/blog\/2016\/10\/caregiver-cooperatives-in-home-care-from-professionals-with-a-stake-in-the-business\/","title":{"rendered":"Caregiver Cooperatives: Caregivers Running the Business"},"content":{"rendered":"

Caregiver Cooperatives: In-Home Care from \"CaregiverProfessionals with a Stake in the Business<\/h1>\n

With aging in place<\/a><\/strong> on the rise, many seniors are turning to in-home care options<\/a><\/strong> to receive the kind of care they would have received from staff in an assisted living facility.<\/p>\n

As such, the home health care industry is projected to be one of the fastest growing industries<\/a><\/strong> in the United States in the coming years. Right now, most of the home health care businesses you\u2019re likely to encounter hire caregivers as contractors, but some professional caregivers have begun to form caregiver cooperatives.<\/p>\n

What is a Caregiver Cooperative?<\/h2>\n

Cooperatives are worker owned businesses. At caregiver cooperatives that means that the people providing in-home care each day to seniors and others who need help are more directly involved in running the business.<\/p>\n

The caregivers get a vote in big decisions. They get a share of the company\u2019s profits. And, the more successful the cooperative becomes, the higher their wages and better their working conditions are.<\/p>\n

That\u2019s significant in an industry that currently isn\u2019t great for many of its workers. In-home caregivers usually earn around $10 an hour and most work as contractors and have a hard time getting enough hours of work. Contractor status also doesn\u2019t come with the benefits many people in steady full-time jobs enjoy, like health care coverage or paid time off.<\/p>\n

Caregiver cooperatives aim to help change some of those challenges in order to improve life across the board for the people doing some of the hardest work involved in caring for our loved ones.<\/p>\n

What\u2019s the Difference to Families?<\/h2>\n

Caregiver cooperatives are clearly working hard to improve the lives of paid caregivers, but what does that mean for families considering in-home care options?<\/p>\n

A caregiver\u2019s quality of life is likely to influence how well they do their job each day. Someone who\u2019s stressed out each week about paying rent and taking care of their own family will have a harder time bringing their all to providing care for someone else\u2019s loved one.<\/p>\n

When caregivers are part owners of the business they work for, that gives them extra incentive to provide quality service and help the business they have a stake in succeed. If they earn pay and benefits that result in less stress in their own lives, they\u2019ll come into work with more energy and positivity to give to the people they\u2019re caring for.<\/p>\n

And workers that are happy are more likely to stay in one place. Currently, the turnover rates at in-home care businesses are frequently high. Families that depend on in-home care therefore face uncertainty each day as to whether a caregiver they actually know will show up or if they\u2019ll be dealing with a stranger.<\/p>\n

When you see the same caregiver every week over a long period of time, they have the chance to build up more of an investment in your well being. They\u2019ll get to know the details of your pill schedule, personality, and preferences.<\/p>\n

In short, conditions that are good for the caregiver are good for the person receiving care.<\/p>\n

Examples of Caregiver Cooperatives<\/h2>\n

At this time, caregiver cooperatives aren\u2019t especially widespread, so there may not be one in your community.<\/p>\n

Here are a few of the main ones running today, if you want to check them out:<\/p>\n