Top 4 Employee Retention Strategies for Healthcare

 One trending topic of discussion across the healthcare diaspora is finding top talent to overcome short staffing and retain the existing talent pool. With the healthcare industry’s turnover rate steadily increasing from 15.2 percent in 2015 to 19.1 percent in 2019, the overall costs have indeed been causing woes across healthcare organizations. Increasing employee retention is one of the top things currently on the list of healthcare recruiter associations.

An eye-opening statistic revealing the reason behind the urgency is the report by the Leaders for Today survey. At least 37 percent of healthcare professionals plan to leave their current organizations and hospitals within the next two years, and 68 percent plan to leave within the next five years.

With the pandemic suddenly putting immense pressure on healthcare departments and medical teams, employee retention has come into a whole new light. It helps distribute the workload among the existing workers strategically and helps enhance the organization’s patient experience and morale.

Here are a few ways a healthcare organization can achieve that:

OFFER INDUSTRY COMPETITIVE PAY

Offering a competitive compensation package is a smart way to save money in the long run. It helps boost employee morale and satisfy their value and aids employers and recruiters to work with the best talent by keeping their brand on top.

MAGNIFY ENGAGEMENT AND FOSTER TEAMWORK

A high turn-over rate is often the result when employees don’t feel heard or their opinions aren’t valued. Unpredictable schedules, excessive workload, overtime, and a lack of flexibility in the workplace can further down their performance levels while making them unwilling to carry out their responsibilities. It is therefore crucial for the employer to listen to the employee and to celebrate teamwork for excellent patient care.

SATISFACTORY EMPLOYEE RECOGNITION AND APPRECIATION

Retaining good employees requires maintaining job satisfaction with genuine positive reinforcement. It can be done through a carefully planned employee recognition program, praising the organization’s official social media page, monetary benefits, and award program.

CONTINUOUS UPSKILLING, EDUCATION, AND MODERNIZATION

A healthcare organization needs to keep up with the ever-changing modern medical practices. Invest in training programs to upskill and upgrade your workforce. This will help in improving the patient care standards while boosting productivity substantially.

When effectively recognized, connected, and communicated, employers can drastically improve the current standards of their healthcare services while retaining their most valued assets (aka employees). For healthcare recruiter jobs and other updates, our website www.nchcr.com , to learn how you can leverage our network.  When on www.nchcr.com take time to click on the “I’m interested in becoming a member” and someone will contact you right away.

Edited by: Jim Wilhite – Co/Founded of the National Coalition of Healthcare Recruiters.

 

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