home care cooperative difference - ica group€¦ · the cooperative difference in home care as...

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The Cooperative Difference in Home Care As worker-centered businesses, employee-owned home care cooperatives prioritize improved working conditions, including better training, higher wages, and job supports. This means higher quality, consistent care to home care clients. Care that clients and their families can count on year after year. Despite facing the same challenging market conditions, home care cooperatives saw an increase in turnover of only 8% in 2018 versus the industry average increase of 15%. From the outside, an employee-owned home care agency looks like any other agency— providing services to the community and employing caregivers and managers. Unlike a conventional home care agency, worker-owners have more say in how their business is run and business profits are shared equitably among all employees who choose to buy in to the company. Nationally, there are over 450 worker-owned companies, including: As awareness of the model grows, dozens of new home care cooperatives are in development across the country. icagroup.org/homecare What is an employee-owned home care cooperative? In an industry with a turnover rate of 82%, employee owned home care agencies average a caregiver turnover rate of only 38%. ICA GROUP HOME CARE “we’re very successful right now because of the level of devotion and commitment [our owner] members put into their work every day.” – Home care cooperative founding member The Cooperative Difference = high quality, dependable care provided by dedicated caregivers. 13 worker-owned home care cooperatives operating in 8 states Over 2,400 caregivers employed, 47% are member- owners 2400

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Page 1: Home Care Cooperative Difference - ICA Group€¦ · The Cooperative Difference in Home Care As worker-centered businesses, employee-owned home care cooperatives prioritize improved

The Cooperative Difference in Home CareAs worker-centered businesses, employee-owned home care cooperatives prioritize improved working conditions, including better training, higher wages, and job supports.

This means higher quality, consistent care to home care clients. Care that clients and their families can count on

year after year. Despite facing the same challenging market conditions, home care cooperatives saw an

increase in turnover of only 8% in 2018 versus the industry average increase of 15%.

From the outside, an employee-owned home care agency looks like any other agency— providing services to the community and employing caregivers and managers. Unlike a conventional home care agency, worker-owners have more say in how their business is run and business profits are shared equitably among all employees who choose to buy in to the company.

Nationally, there are over 450 worker-owned companies, including:

As awareness of the model grows, dozens of new home care cooperatives are in development across the country.

icagroup.org/homecare

What is an employee-owned home care cooperative?

In an industry with a turnover rate of 82%, employee owned home care agencies average a caregiver turnover rate of only 38%.

ICA GROUPHOME CARE

“we’re very successful right now because of the level of devotion and commitment [our owner] members put into their work every day.”

– Home care cooperative founding member

The Cooperative Difference = high quality, dependable care provided by dedicated caregivers.

13 worker-owned home care cooperatives operating in 8 states

Over 2,400 caregivers employed,

47% are member- owners

2400