How to calculate your caregiver rate
How to figure out the caregiver rate in your local area
Determine your caregiver rate to charge based on the caregiver services you have to offer.
Key ways to determine your caregiver rate
You definitely need to think about how much you will charge for your time as a caregiver before you accept a position. It will be much harder to go back on an agreed amount so do your research.
- Will you charge by the hour, week, month or yearly salary?
Your caregiver rate is typically based on a combination of two factors;
- What are the industry wage amounts in your location, and what additional services that you plan on offering your clients. Be ready to justify why you charge more if you are asked.
- An excellent way to check your local competitors and what they offer and how much they charge is through care websites. Research your competitors by ‘searching for a caregiver/companion’ as the person who is looking to hire a caregiver/companion.
Caregiver services that you offer determine your caregiver rate
- Emergency Care (More flexible assistance as needed)
- Caregiver experience (working with seniors diagnosed with dementia)
- Car (year and model) for outings, errands and appointments
- Business liability insurance
- Charge account/credit card for expenses
Get off to a good start in your caregiver career and explore as many different temporary positions as you can. This will give you a chance to see what area of senior care you excel at at, and most enjoy on a day to day basis. As you gain experience you can begin to charge more, simply continue to work towards building your caregiver skills as well as business knowledge.
Do your best to keep your operating expenses as low as possible for a while, and let your business account accumulate funds to tide you over as you transition between senior clients. Having the extra cash flow will safeguard you from the days or hours when you are not working.
The first couple of years will be discovering what area of senior care is best suited for you. You may take a liking to short term senior client care, but you may also want to build your business around your ideal long-term senior clients.
How to start a senior care business guide book
Table of Contents – This digital guide gets right to the point!
📁 50+ Essential Senior Care Business Templates (WORD-EXCEL-ADOBE PDF FILLABLE)
✔️ Home Care Service Plan
✔️ Senior Client Intake Form
✔️ Care Assessment Report -One Sheet Quick Overview
✔️ Care Assessment Report -Complete Assessment-Long Format
✔️ Senior Care Information Form-Client Profile w/ Photo
✔️ Senior Fall Risk Assessment Form-Detailed Format
✔️ Caregiving Service and Fees Information-One Sheet to Present Potential Customers w/ Photo
✔️ Proposal Letter-Home Care Service-For New Clients
✔️ Proposal Letter-Home Care Service-Organizations and Health Facilities
✔️ Home Care Service Quote-Formal
✔️ Caregiver Job Description Form
✔️ Caregiver Time Sheet Weekly
✔️ Home Care Service Agreement
✔️ Senior Housekeeping Chart
✔️ Senior Personal Care-Hygiene Chart
✔️ Senior care invoice-Professional and Detailed
✔️ Hire a Caregiver Checklist-Quick Guide
✔️ Caregiver Application Form
✔️ Pre-Interview Caregiver Questionnaire-Pre-Screening
✔️ Caregiver Interview Questionnaire
✔️ Caregiver Reference Check Questionnaire-What to ask Previous Employers
✔️ Home Care Employee Job Offer
✔️ Caregiver Employment Agreement- Long format
✔️ Caregiver Employment Contract-Short Format- Good for Temp Workers
✔️ Caregiver Job Posting-Ad Sample-Copy and Paste
✔️ Home Care Tax Receipt for Senior Care Services-Send to Clients
✔️ COVID-19 Senior Visit Health Care Form-Includes Vaccination Information
✔️ Senior Non-Medical Transport Agreement-Caregiver and Senior Client Outings
✔️ Home Care Competitor Call Script-Know How to Stand Out
✔️Home Care Bookkeeping Checklist- Stay Organized and Pay Less Taxes
✔️ Senior Home Safety Checklist-Client Home Overview
✔️ Daily Food Log-Meal Tracker
✔️ Senior Community Services Contact List-Professionals who are a part of the Care Team
✔️ Emergency Medical Information Sheet
✔️ Client Progress Notes
✔️ Caregiving Daily Checklist (Caregiver Journal/Log of visit)
✔️ Employee Non-Compete Agreement
✔️ Final Employment Warning Letter
✔️ Termination of Employment Notice
✔️ Home Care Service Price Increase Letter
✔️ End of Life Wishes Form
✔️ Medical File Log- (2 Sizes-Letter + A4)
✔️ Medication List-(Letter + A5)
✔️ Weekly Medication Tracker
✔️ Monthly Medication Tracker
✔️ Medical Contacts
✔️ Vitamin Supplement List
PLUS+++ 5 PDF FILLABLE ADOBE FORMS (Download FREE VERSION of Adobe Reader on any device to use files)
✔️ Care Assessment Report-PDF Fillable
✔️ Caregiver Employment Application-PDF Fillable
✔️ Caregiver Time Sheet (weekly)- PDF Fillable
✔️ Caregiving Daily Checklist-PDF Fillable
✔️ Monthly Medication Tracker-PDF Fillable