Return on Investment Calculator: A Tool for Analyzing State Investment in Direct Care Worker Wages
Article Publication Date
Summary
The ROI calculator allows states to analyze the economic & social impact of additional investment in the wages of direct-care staff working in their personal care services programs. Designed to incorporate a wide range of factors--including the size of a proposed wage increase, staff turnover costs and retention rates, and issues related to implementation design--the calculator provides state policymakers with an easy-to-use tool for identifying the real costs and benefits of a wage increase.
Topics
Types/Tools
Populations
Sources
Paraprofessional Healthcare Institute
Programs/Initiatives
States
Keywords
ROI; Economic Multiplier Benefits
Contact
Steven
Edelstein
Paraprofessional Healthcare Institute
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Edelstein@paraprofessional.org
Phone
718-402-7413