Strong executive interest in retirement living and aged care post-COVID – but remuneration will need to rise

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COVID-19 has heightened interest in aged care and retirement living at the executive level – but greater remuneration will be needed to bring more high-fliers into the sectors, says a leading recruitment firm.

More executives from outside the sector are open to a move into aged care and retirement living, but with employees having their pick of roles, organisations will need to expand their salary ballparks, according to Gregory Robinson, the Managing Partner of Executive Search and Board Advisory Firm, Blenheim Partners.

“The level of curiosity surrounding opportunities out there – across the board – has heightened,” he told SATURDAY.

“A lot of people are taking time to seriously think about what is important to them, questions surrounding one’s role in society and being part of a meaningful journey to make a positive impact are being asked.”

Working from home has allowed many to re-evaluate their sense of purpose – and the options that are available, he added.

“We are seeing more and more executives and senior leaders willing to engage, often taking these approaches from home, away from the boss’s line of sight. They now have more time to investigate, reflect and act. This includes a willingness to consider lateral and left-field ideas. We are seeing more executives being receptive to and more thoughtful in considering opportunities in aged care and retirement living.”

But which industries are these executives coming from – and how much will you have to pay to secure ‘outside’ talent?

For the full story, check out this week’s Executive Talent issue of SATURDAY, in your inbox at 6am on Saturday, 19 February. Subscribe here for full access.

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