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Sunrise Senior Living – “The corporation to avoid!”
2 of 2 people found this helpfulJun 14, 2008
2008-06-14 16:28 PDT
Details
Pros
Never a dull moment. Taking care of our senior is a rewarding and dynamic job.
Cons
The low level of pay makes it difficult to recruit and retain knowledgeable and valuable employees. Local management is great; however, the corporation seems to be only looking at short term profits and not investing in their employees.
Advice to Senior Management
Look at how other performing places manage their employees, especially in Silicon Valley. Care givers at $11 an hour and director level at $20 can't afford to live in this area of the country. They can't afford overpriced benefits either. Watch the competition hire your best assets...
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by Tim:
"Sunrise Senior Living, the nation’s largest senior living provider, announced a loss of $70.3 million in 2007 after filing its annual report. The company's financial restatement has reduced earnings by $185 million over about a decade. Sunrise also announced it will be pulling back expansion plans, allowing for only half of its scheduled apartments to be built this year."
Source: Washington Post, Zachary A. Goldfarb.