Originally Posted by
Sgt Pepper
One note of caution with the retirement sector from someone who works in the health service.
As part of this years settlement of the DHBs Nurses MECA they agreed to recruit an additional 500 Registered Nurses into the DHBs. The retirement sector already struggles with recruitment and retention of Registered Nurses. The salary diiferential between the two is significant, the Rymans, OCA, Summersets will have no choice but to compete.Many young Registered Nurses, especially from overseas, have no desire to remain in the sector. Careers are on hold until they get a better paid position in the DHBs. Profits will erode. Aged care already is overly dependent on non resident workers on work visas, over 6000 staff.
As shareholders we need to ensure that Boards can demonstrate a coherent strategy to address this issue, otherwise the days of increasing dividends being delivered to happy shareholders will be seriously at ris.k