article thumbnail

Healthcare and Hiring: A Brief Outlook

Peopletrail

Factors contributing to this shortage include: Rapid growth of the 65 and older age group Increase in chronic conditions (in young and old patients) Increased utilization of basic healthcare Upcoming wave of healthcare retirees Each institution is also battling a turnover issue, particularly among first and second-year nurses and CNAs.

article thumbnail

Creative Ways to Retain Employees and Reduce Turnover | ClearCompany

ClearCompany HRM

As workers continue to resign, the benefits of employee retention have never been so apparent and companies are naming retention a top priority this year. With 50% of CEOs saying that recruitment and retention are one of their biggest challenges in 2022, it’s time to turn to more creative ways to retain employees.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Four Ways to Achieve Better Employee Retention in Healthcare??

Sterling Check

According to a recent NSI Nursing Solutions report , the turnover rate in hospitals now stands at 25.9%, resulting in the average hospital losing between $5.2M-$9.0M each year in associated turnover costs. Addressing employee retention can help lower costs associated with hiring, boost employee morale, and reduce turnover.

article thumbnail

6 Tips to Lower the Cost of Operating a Franchise

PandoLogic

While the franchise fee is a one-time payment it can also be an ongoing royalty that is paid to the franchisor for the right to use their branding, products/services, and business model. Due to the lack of advancement opportunities and low wages, there is also a high turnover rate as well.

article thumbnail

The Impact of AI on Employee Recruitment and Retention

Hppy

AI, the technology that is revolutionizing efficiency, is poised to transform your recruitment and retention strategies. Identifying Talent and Reducing Turnover: Technology’s advanced analytical capabilities enable the creation of predictive models that can identify employees who are likely to leave the company.

article thumbnail

Trends in Healthcare Recruitment: 2023 State of Hiring Report

Sterling Check

Take a look at some of the highlights from our report and see where there are opportunities to improve your current hiring, retention, and background screening processes for greater efficiency. ” We found that 47% of HR teams are struggling to find talent, while another 16% are experiencing higher than typical turnover. .

Report 52
article thumbnail

What You Need to Know About the Cost of Employee Turnover

Bonusly

Do you know how many employees you lose each year to turnover? Although most companies keep track of employee turnover, many fall short when they try to understand its causes and costs in a meaningful way. Do you know how much employee turnover costs you each year? Do you know how much employee turnover costs you each year?