Return on Investment Calculator: A Tool for Analyzing State Investment in Direct Care Worker Wages*
The Return on Investment calculator allows states (and the District of Columbia) to analyze the economic and 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 on-line calculator provides state policymakers with an easy-to-use tool for identifying the real costs and benefits of a wage increase. This information should help states to identify how to most effectively allocate resources in their efforts to stabilize their direct-care workforce and, thereby, strengthen their personal care service infrastructure.
* The development of this calculator was supported by research funds from the Centers for Medicare and Medicaid Services.
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