Rising salary demands require a dose of creativity and reality
Are salary demands making it harder for your healthcare organization to recruit and retain skilled staff? Leading providers are thinking beyond compensation by creating a winning culture and creatively finding cost savings to make more money available for staffing. Read more in FierceHealthcare.
Ask any health system administrator what’s giving them work-related heartburn, and most will mention their struggles to hire and retain the best clinical staff. A combination of macroeconomic factors and industry-specific challenges has created a perfect storm for hospital staffing, which accounts for more than half the operating costs of running a health system.
The U.S. unemployment rate has hovered around 4% for over a year, and only a small fraction of those looking for work are likely skilled staff such as clinicians. And it makes sense that doctors and nurses are in short supply because of a rapidly aging population and the growing need for chronic disease management.