Talent Management

Burnout among physicians is on the rise and, unfortunately, it shows no signs of slowing down. According to Medscape’s 2017 Physician Lifestyle Report, physician burnout has increased by 25 percent in just four years. In 2013, the overall rate was 40 percent; today, it has risen to 51 percent.

No matter the size or location of your organization, you’ve probably felt the pinch when trying to recruit nurses. The federal Bureau of Labor Statistics estimates that there will be a net gain of 439,000 nursing jobs between 2014 and 2024. To survive in that competitive landscape,  healthcare employers will have to be at the top of their game when recruiting nurses.

Employees are the most important asset and expense to any organization and its long-term success; therefore, workforce planning and analytics should be a core strategic consideration for all businesses and its leaders. Strategic workforce planning and analytics deliver invaluable insights into your workforce that will lead to better decision making and place your organization in a position that will outpace competitors. From developing better hiring and retention strategies to improving patient outcomes, the data obtained is key.

Healthcare human resources leaders continue to face challenges in adapting to today’s changing healthcare demands. For example, with the Affordable Care Act (ACA), hospitals and other health systems are now held at higher standards of accountability in delivering quality patient care.

“Lean manufacturing” took off in the early 1990s as companies tried to emulate Toyota’s efficiency-boosting processes. The philosophy’s tenets of continuous improvement through incremental change are meant to improve quality, bring teams together and ultimately improve the bottom line. It’s not as common in the healthcare industry, although healthcare’s shift to outcome-based care over volume-based care has inspired leaders to look at different improvement strategies, including Lean.

As healthcare HR leaders look to play a more strategic role in the organizations they serve, they’ll need to embrace new ways of thinking when managing employees.

Today’s widespread talent shortages and rising costs are no longer a secret in healthcare. In fact, reports indicate that the looming talent shortage is only expected to worsen over the next few years.

Football is unarguably one of the most celebrated events in American sports. Many cities who bid to host the big game know that scoring a game of this magnitude not only generates publicity worldwide, it also brings in millions of dollars for the city and its local businesses.

Leadership development in healthcare should be an intentional effort that provides current and future leaders the opportunity to learn and grow. It should also advance the organization by focusing on growth, performance, and emotional intelligence and help leaders become more empowered, confident and innovative.

The effectiveness of your performance management strategy may be one of the most important facets contributing to your healthcare organization’s long-term success. The fundamental goal is to work together to improve employee efficiency, maximize talent, and assess progress to ensure employees are meeting their objectives and career goals. It’s a continuous process that empowers, inspires and engages employees in ways that foster ongoing learning and improvement, making your people a competitive advantage.