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5 Hiring and Retention Strategies for Healthcare | ClearCompany

ClearCompany HRM

Hospitals see an incredible 100% turnover every five years and lose as much as $9 million annually due to turnover. We’ll also look at winning strategies health systems use for hiring and retention. Did you know hospitals see 100% employee turnover every 5 years? In 2021, 27% of registered nurses (RNs) left their roles.

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6 Easy Ways to Improve Employee Retention

Cisive

When it comes to retention, HR leaders and their teams are always looking for ways to keep turnover rates down, especially for managers and key employees. Retention starts with onboarding and continues through the employee lifecycle. According to the Work Institute’s 2019 Retention Report , 41.4 million U.S.

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8 Thoughts on HR-to-Employee Ratio Best Practices

Best Of HR

There is not a perfect HR-to-employee ratio, because there are many factors to consider, such as the number of locations, the effectiveness of the leaders, the degree of organizational change and restructuring, growth or shrinkage, and the amount of turnover. . Around 2010, we studied this question with the University of Saskatchewan.

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Sumser tech spotlight: This hiring tool ‘distinguishes itself’

HRExecutive

Once Catalyte turned 10 (in 2010), Rosenbaum began incubating what was to become Arena. In many lower-status parts of healthcare, retention is a critical issue that drives profitability. On average, they reduce turnover by 38%. Arena is built to deliver on those ideals. In 2016, the company began to look for serious scale.

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Visier

HR Lineup

Founded in 2010, Visier has become a trusted partner for businesses looking to optimize their talent management and HR processes through sophisticated analytics and insights. Users can generate customizable reports and dashboards that provide real-time insights into workforce demographics, turnover rates, employee engagement, and more.

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The Cost of Turnover: Lost Productivity and Financial Stress

Payactiv

A 2010 Federal Reserve study found that employee financial stress costs employers an average of $5,000 per employee per year in lost productivity. High Costs of Turnover The costs of turnover are quantifiable and significant. Lost Productivity Due to Presenteeism Personal finance issues can distract employees while at work.

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People Analytics and HR-Tech Reading List

Littal Shemer

Following a nine dimensions model, the book demonstrates how to use people data to increase profits, improve staff retention and workplace productivity as well as develop individual employee experience” HR Analytics Essentials You Always Wanted To Know Michael Walsh (2021). Boudreau , Wayne F. Cascio, Alexis A. Fink (2019).