July 11, 2024
Data Portal: New Compensation Data Shows Continuing Decline in Employee Vacancy Rates
On July 11, 2024 by Jeff Bostic
Updated LeadingAge Minnesota Data Portal benchmark reports are available for workforce measures, including staff vacancies, retention and turnover.
These are one of several benchmarking reports available for LeadingAge Minnesota members in the Data Portal. These reports can be customized for comparison against smaller groups of providers as well as statewide results.
What is the Data Telling Us About Employee Vacancy Rates?
Employee vacancy rates have been a problem for years but became an acute challenge during the COVID-19 pandemic. The most recent vacancy rate data available on the portal is for Q1 of 2024, and it shows reduced vacancy rates for nursing positions statewide, a trend that began in the latter half of 2023.
Members using the LeadingAge Minnesota Data Portal can access more benchmarking data about their employee compensation for additional positions.
Second Quarter Data Due
Second quarter data submission for all LeadingAge Minnesota Data Portal applications is due by July 31. Take advantage of this opportunity to track your operational performance over time and benchmark your data against others at the state, regional, and other comparison groups, such as groups with similar capacity and services.
What is the Data Portal?
The LeadingAge Minnesota Data Portal unlocks access to data tracking and vital benchmarking data to facilitate data-driven decisions. You can compare your performance against benchmarks for the following applications:
- Workforce – turnover, retention, and vacancy rates
- Assisted Living Quality Measures – falls, falls with injury, medication errors, hospital/ED visits, capacity, and Length of Stay
- Compensation – wages, differentials, and bonuses for common LTC staff positions
- Financial Conditions – financial performance
LeadingAge Minnesota Data Portal Contacts
- To learn how you can get involved or for other questions, contact Jeff Bostic or Julie Apold
- For portal access, contact Cari Kronschnable