Rising geriatric population is increasing the demand for healthcare services around the globe. However, healthcare providers are seeking answers to address the growing physician shortage, regulatory outbreak, technological challenges, and choking nurse staffing levels. Below are some key trends that affect both employers and employees and are expected to impact talent recruitment and retention strategies across healthcare.
The Talent Shortage
According to the Association of American Medical Colleges, by 2030, there will be a deficit of nearly 105,000 doctors in the U.S. According to research from The Economist Intelligence Unit commissioned by Prudential Retirement, two-thirds of executives at hospitals with more than 1,000 employees are currently facing a nursing shortage or expect one within three years. According to the U.S. Bureau of Labor Statistics, the healthcare sector is expected to add some 2.3 million jobs by 2024; unfortunately, there is not enough talent to fill these positions. In order to reduce this gap, healthcare staffing professionals will need to rely on technology – whether for advanced options for searching and shortlisting candidates, accurately identifying open roles for workers coming off assignments, or personalizing conversations with the smartphone-enabled workforce.
According to Research Gate, nearly 18% of new RNs resign from their first nursing job within the first year, and a third within two years. Another research by Medscape Nurse Career Satisfaction Report shows that, 76% of RNs indicate that if they could choose their career all over again, they would still want to become a nurse. Healthcare administrators will be putting all efforts into identifying issues within their workplace culture while making the necessary changes to improve their employee satisfaction rates.
Healthcare organizations are regularly facing the challenge of improving patient satisfaction rates, for them addressing patient satisfaction rates is equally important as decreasing turnover rates of their staff. The complicated ways by which the organizations find quality staff is evolving to meet the increased demand of qualified nurses. Selling your organization as a “brand” to attract more candidates is becoming more important than workplace culture. Organizations with a bad reputation not only struggle to attract good candidates but also struggle to retain employees.
Technology always tends to fall in the trend lists for numerous industries. This year is no different, as technology plays a critical role in healthcare and will continue to do so for the foreseeable future. Technology solutions are utilizing streamlined workflows, improved diagnostic methods, and improved communication and connectivity. The healthcare staffing industry continues to adopt technological strategies to recruit clinical talent for healthcare organizations more efficiently and seamlessly that ever before. It also appears that human recruiters will integrate with technology and play a critical role within the automated talent acquisition processes of a supply-constrained healthcare market.
Leading healthcare organizations have found these emerging healthcare recruitment trends to be useful for attracting and engaging top talent. For today’s healthcare and life sciences organizations, finding and retaining the right people to deliver and support key services is an ongoing challenge. We know that the demand for qualified people is outstripping supply, particularly among healthcare providers and the pharmaceutical industry segments.
vTech Solution’s dedicated recruitment consultants and staffing managers bring extensive healthcare and life sciences industry expertise, deep market knowledge and experience. Our team of domain experts provides end-to-end support in areas such as clinical and healthcare staffing, ATS (Applicant Tracking System) implementation, and sourcing support services to Healthcare, Pharma and Life Sciences industry clients