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How HR Challenges Are Shaping the Healthcare Industry
And because medical professionals work for health and
wellness, they have to deal with extreme pressures, unlike other professions.
Since the start of the COVID pandemic, such tensions between healthcare workers
are at an all-time high.
The role of human resources in the healthcare industry
What role or how many functions does a person in charge of human resources have in health?
The answer to this question is complicated because the HR role encompasses more than just hiring doctors and nurses. Due to the diverse requirements of the industry, candidates from PhDs to young professionals are sought, interviewed and hired. Staffing, training, development, and other miscellaneous tasks fall into the hands of the human resources department in the healthcare industry.
In addition, healthcare professionals, both clinical and non-clinical, are sought out and hired on the basis of their experience, skills, and willingness to provide exemplary service. HR professionals are always on the go because the position is extremely critical to patient outcomes.
Current topics in health
Rural clinics or city hospitals, small or large, feel the constant pressure. Understaffing and employee burnout are fairly common problems. To combat such problems, Human Resources needs to identify problem areas and solutions to combat them.
1. Staff shortage
Staff shortages can often lead to life and death situations in healthcare. People with the right skills can easily fit in here. However, recent studies show how healthcare is dealing with hiring pressures compared to other industries.
With ever-increasing advances in medicine, innovative new technologies, and an aging population, medical professionals have new requirements and needs. In the coming years, these requirements will increase many times. As a result, healthcare is expected to create more jobs than any other industry to fill around 2.4 million open positions. According to research, the nursing shortage will double by 2025 as baby boomers retire.
2. Competition for wages
The tighter the talent market, the higher the salaries. However, for small institutions it is almost impossible to compete at the salary level. In such circumstances, the search for talent becomes difficult. Therefore, to win this war, HR professionals are turning to options other than some form of brand advocacy.
Work-life balance is rarely achieved for medical professionals. Usually, it's the high salary, job security, and the satisfaction of doing something noble. Healthcare workers have been found to have one of the highest percentages of doing meaningful work.
3. Turnover rates
Recruitment in the healthcare industry is very challenging and time consuming. With demand increasing more than ever and supply limited, the industry is struggling with employee retention. With the abundance of employment opportunities in the healthcare industry, it's common for employees to leave unsatisfied because they have so many options.
And for a variety of reasons, millennials tend to think that education, career development, or benefits programs are more important than the paycheck. And when they don't get what they think is important, they give up without regret.
In the midst of all this, churn rates are skyrocketing. 2018 was the year with the highest turnover rate in ten years. These fees are costing hospitals millions, and things could only get worse. Nurse turnover in particular is high at 14.6%, meaning hospitals will lose 15 out of 100 nurses this year and replacing them is neither cheap nor easy. read more. webcomputerworld
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