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[BRIGHT MUSIC]

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Today we're diving deep into[br]the world of healthcare employee

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retention.

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If you're in the[br]healthcare industry

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or just interested in the[br]fascinating world of medicine,

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you're in for a treat.

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Hi, I'm Lauren.

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I'm the head of[br]communications at Compt.

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Let's dive in.

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Healthcare, it's a field[br]where every moment counts

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and high turnover rates are[br]a challenge we can't ignore.

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Stick with us as we uncover the[br]six essential strategies that

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can skyrocket your healthcare[br]employee retention rates.

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But first, let's take a[br]quick peek at the numbers.

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Between 2016 and 2020,[br]healthcare employee turnover

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soared from 32% to[br]a staggering 45%.

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In the blink of an eye, the[br]industry waved goodbye to around

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460,000 valuable workers.

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The current hospital[br]turnover rate

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stands at 22.7%, which is 3.2%[br]lower than it was in 2021,

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and the registered[br]nurse turnover rate

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is about the same with a[br]4.6% decrease from 2021.

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But don't be fooled.

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The road ahead is not[br]without its challenges.

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By 2030, a staggering 15[br]million health care workers

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will be needed to fill the gap.

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Why the shortage, you ask?

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Demographics, increased[br]demand, a surge

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in patients with[br]chronic illnesses.

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Those have all contributed[br]to this perfect storm.

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But it's not just[br]about the numbers.

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The health care workforce[br]faces unique challenges.

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The pressure to deliver[br]quality patient care, combined

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with the complex nature[br]of medical procedures

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requires a blend of[br]technical expertise

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and genuine compassion.

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So how can healthcare[br]organizations combat this tide?

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First, let's discuss the four[br]pillars of workforce management

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for healthcare organizations.

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Pillar number one, planning.

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In the unpredictable[br]world of healthcare,

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having a staffing strategy[br]in place is crucial.

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Anticipating patient[br]volume fluctuations

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and being prepared for[br]last minute changes

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is the name of the game.

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Healthcare management software[br]can be your best friend here,

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predicting future organizational[br]needs based on historical data.

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Next up, we've got scheduling.

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Healthcare professionals[br]deserve work-life balance too.

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Optimizing shifts based[br]on patient volume trends

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and offering flexible scheduling[br]options can work wonders.

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Imagine having control[br]over when you work,

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reducing social jet lag[br]and boosting morale.

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It's a win-win.

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Now let's tackle pillar[br]number three, follow up.

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Continuously measuring[br]scheduling outcomes

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and gathering employee[br]feedback is essential.

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Keep an eye on burnout[br]levels, job satisfaction,

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and engagement.

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A happy employee is[br]a loyal employee.

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Lastly, employee engagement.

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Creating an environment where[br]healthcare professionals feel

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valued and recognized is[br]key to retaining top talent.

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From performance coaching[br]to professional development,

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a well-balanced approach[br]is the secret sauce.

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But wait, we're not done yet.

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Here are the six employee[br]retention strategies

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you've been waiting for.

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First up, strategy number one.

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Offer student loan repayment.

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Healthcare grads often[br]carry heavy debt loads.

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Helping them with[br]student loan repayment

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is a gesture that[br]goes a long way.

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Less financial stress means[br]happier and more engaged

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employees.

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Strategy number two.

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On demand pay.

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Offering competitive[br]pay is essential,

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but sweetening the deal[br]with on demand pay, bonuses,

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and unique perks takes[br]it to the next level.

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Imagine being able to access[br]a portion of your paycheck

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instantly or[br]receiving spot bonuses

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for outstanding performance.

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Now that's a workplace where[br]you're truly appreciated.

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Speaking of perks, let's[br]explore strategy number

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three, flexible[br]benefits and perks.

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From commuter benefits to[br]mental health subsidies,

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these extras can make[br]a world of difference

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in your healthcare heroes lives.

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Strategy number four,[br]flexible scheduling.

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Balancing the demands of[br]healthcare with rest is vital.

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Unique strategies like staggered[br]shifts and adaptable work

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durations can ensure that[br]healthcare workers have

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the time they need to recharge.

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Strategy number five, improving[br]recruiting and onboarding.

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Getting the right[br]people on board

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sets the stage for[br]long term success.

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From sign on bonuses[br]to mentorship programs,

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creating an environment[br]where new hires feel valued

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and supported is the way to go.

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Last but not least,[br]strategy number six,

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encourage continuing education.

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Investing in your healthcare[br]professional's growth

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pays off in more ways than one.

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From tuition reimbursement to[br]sponsorships for conferences,

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supporting their[br]learning journey

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keeps them engaged[br]and motivated.

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With this video, we're just[br]scratching the surface.

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Check out our full guide at[br]compt.io/healthcare employee

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retention, or skip the reading[br]and chat with an employee

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benefits program[br]expert at Compt now.

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Compt is your[br]all-in-one solution

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to boost employee[br]engagement and streamline

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benefits administration.

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With Compt, you can reward[br]your healthcare heroes,

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create an environment[br]they'll thrive in

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and take the stress out[br]of benefits management.

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Ready to take your[br]healthcare employee retention

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to the next level?

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Click the link in[br]the description

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to learn more about how Compt[br]can transform your healthcare

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workforce.

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Thanks for watching!