Healthcare is booming. It’s one of the fastest growing industries in the US and beyond, and more and more people are choosing careers in the field. Combined with international mobility for the best and brightest, there are plenty of great candidates out there, but the demand is just as high.
All of that translates into a dynamic and fast paced environment, where HR professionals are kept on their toes, attracting, acquiring and retaining the best and brightest through due diligence. We’ve created the following roundup of top trends in medical HR departments throughout the country, so you can do just that a little more easily.
1. Results-Based Compensation on the Rise
Modern patients expect more. They are more in control of their healthcare options, and they have more choice than ever before. All of this is behind the shift towards results based compensation for healthcare executives. Salary packages are more likely to be structured to reflect results in key areas, with the idea of the large annual increase being replaced with an incentive to perform.
While this does make it easier for HR professionals to reward the best and brightest, it also means there’s likely to be a higher turnover in staffing, and it’s going to be tougher to keep positions filled.
2. An Aging Workforce
Another big problem in the healthcare field is that the existing workforce is aging, and as they move on and retire, it’s going to be a balancing act to train replacements and manage the changeover. Make sure that you focus on succession planning and find replacement candidates sooner rather than later, so these changes don’t catch you by surprise!
Hiring the right candidates is going to be more important than ever before, if you hope to mold newcomers to the industry into leaders of tomorrow, so make sure you revise your hiring policies, brush up on your methodology and focus on due diligence to get the best of the best.
3. Blurred Role Lines
The line between medical administration and operations has well and truly been blurred. It’s more common than ever before to see doctors and surgeons in roles that combine medicine and administrative functions. Finding candidates with soft skills (or developing programs that provide them) is one way to stay on top of this trend.
4. Engagement Is Critical
With the greater demands on healthcare workers to deliver superb care to a growing patient base, medical professionals across the board need to be engaged now more than ever before. Let’s face it. This is a grueling, emotionally difficult roller coaster of an industry, and one of the biggest challenge for HR professionals is finding ways to keep teams motivated. Due diligence and strategic and careful hiring is one way to achieve this, but there are other strategies and programs that might help too.
Whether it’s through bonus structures, mentoring or even workplace wellness programs, there’s no doubt that your role as an HR professional in the medical field is very different to what it might have been ten years ago. This is a sign of the times. Embrace it, and consider the trends and changes in the field new challenges and incentives of your own, to create better, stronger more motivated teams.