[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.00,0:00:03.21,Default,,0000,0000,0000,,[BRIGHT MUSIC]
Dialogue: 0,0:00:03.21,0:00:04.58,Default,,0000,0000,0000,,
Dialogue: 0,0:00:04.58,0:00:07.37,Default,,0000,0000,0000,,Today we're diving deep into\Nthe world of healthcare employee
Dialogue: 0,0:00:07.37,0:00:08.24,Default,,0000,0000,0000,,retention.
Dialogue: 0,0:00:08.24,0:00:09.74,Default,,0000,0000,0000,,If you're in the\Nhealthcare industry
Dialogue: 0,0:00:09.74,0:00:12.45,Default,,0000,0000,0000,,or just interested in the\Nfascinating world of medicine,
Dialogue: 0,0:00:12.45,0:00:13.53,Default,,0000,0000,0000,,you're in for a treat.
Dialogue: 0,0:00:13.53,0:00:14.49,Default,,0000,0000,0000,,Hi, I'm Lauren.
Dialogue: 0,0:00:14.49,0:00:16.29,Default,,0000,0000,0000,,I'm the head of\Ncommunications at Compt.
Dialogue: 0,0:00:16.29,0:00:17.34,Default,,0000,0000,0000,,Let's dive in.
Dialogue: 0,0:00:17.34,0:00:20.42,Default,,0000,0000,0000,,Healthcare, it's a field\Nwhere every moment counts
Dialogue: 0,0:00:20.42,0:00:24.00,Default,,0000,0000,0000,,and high turnover rates are\Na challenge we can't ignore.
Dialogue: 0,0:00:24.00,0:00:27.26,Default,,0000,0000,0000,,Stick with us as we uncover the\Nsix essential strategies that
Dialogue: 0,0:00:27.26,0:00:30.90,Default,,0000,0000,0000,,can skyrocket your healthcare\Nemployee retention rates.
Dialogue: 0,0:00:30.90,0:00:34.35,Default,,0000,0000,0000,,But first, let's take a\Nquick peek at the numbers.
Dialogue: 0,0:00:34.35,0:00:37.64,Default,,0000,0000,0000,,Between 2016 and 2020,\Nhealthcare employee turnover
Dialogue: 0,0:00:37.64,0:00:41.52,Default,,0000,0000,0000,,soared from 32% to\Na staggering 45%.
Dialogue: 0,0:00:41.52,0:00:44.42,Default,,0000,0000,0000,,In the blink of an eye, the\Nindustry waved goodbye to around
Dialogue: 0,0:00:44.42,0:00:47.78,Default,,0000,0000,0000,,460,000 valuable workers.
Dialogue: 0,0:00:47.78,0:00:49.52,Default,,0000,0000,0000,,The current hospital\Nturnover rate
Dialogue: 0,0:00:49.52,0:00:55.47,Default,,0000,0000,0000,,stands at 22.7%, which is 3.2%\Nlower than it was in 2021,
Dialogue: 0,0:00:55.47,0:00:57.53,Default,,0000,0000,0000,,and the registered\Nnurse turnover rate
Dialogue: 0,0:00:57.53,0:01:02.63,Default,,0000,0000,0000,,is about the same with a\N4.6% decrease from 2021.
Dialogue: 0,0:01:02.63,0:01:03.89,Default,,0000,0000,0000,,But don't be fooled.
Dialogue: 0,0:01:03.89,0:01:06.71,Default,,0000,0000,0000,,The road ahead is not\Nwithout its challenges.
Dialogue: 0,0:01:06.71,0:01:10.27,Default,,0000,0000,0000,,By 2030, a staggering 15\Nmillion health care workers
Dialogue: 0,0:01:10.27,0:01:12.02,Default,,0000,0000,0000,,will be needed to fill the gap.
Dialogue: 0,0:01:12.02,0:01:13.85,Default,,0000,0000,0000,,Why the shortage, you ask?
Dialogue: 0,0:01:13.85,0:01:16.36,Default,,0000,0000,0000,,Demographics, increased\Ndemand, a surge
Dialogue: 0,0:01:16.36,0:01:18.38,Default,,0000,0000,0000,,in patients with\Nchronic illnesses.
Dialogue: 0,0:01:18.38,0:01:21.20,Default,,0000,0000,0000,,Those have all contributed\Nto this perfect storm.
Dialogue: 0,0:01:21.20,0:01:23.42,Default,,0000,0000,0000,,But it's not just\Nabout the numbers.
Dialogue: 0,0:01:23.42,0:01:26.27,Default,,0000,0000,0000,,The health care workforce\Nfaces unique challenges.
Dialogue: 0,0:01:26.27,0:01:28.84,Default,,0000,0000,0000,,The pressure to deliver\Nquality patient care, combined
Dialogue: 0,0:01:28.84,0:01:31.28,Default,,0000,0000,0000,,with the complex nature\Nof medical procedures
Dialogue: 0,0:01:31.28,0:01:33.58,Default,,0000,0000,0000,,requires a blend of\Ntechnical expertise
Dialogue: 0,0:01:33.58,0:01:35.51,Default,,0000,0000,0000,,and genuine compassion.
Dialogue: 0,0:01:35.51,0:01:39.05,Default,,0000,0000,0000,,So how can healthcare\Norganizations combat this tide?
Dialogue: 0,0:01:39.05,0:01:42.64,Default,,0000,0000,0000,,First, let's discuss the four\Npillars of workforce management
Dialogue: 0,0:01:42.64,0:01:44.57,Default,,0000,0000,0000,,for healthcare organizations.
Dialogue: 0,0:01:44.57,0:01:46.49,Default,,0000,0000,0000,,Pillar number one, planning.
Dialogue: 0,0:01:46.49,0:01:48.68,Default,,0000,0000,0000,,In the unpredictable\Nworld of healthcare,
Dialogue: 0,0:01:48.68,0:01:51.59,Default,,0000,0000,0000,,having a staffing strategy\Nin place is crucial.
Dialogue: 0,0:01:51.59,0:01:53.89,Default,,0000,0000,0000,,Anticipating patient\Nvolume fluctuations
Dialogue: 0,0:01:53.89,0:01:55.99,Default,,0000,0000,0000,,and being prepared for\Nlast minute changes
Dialogue: 0,0:01:55.99,0:01:57.11,Default,,0000,0000,0000,,is the name of the game.
Dialogue: 0,0:01:57.11,0:02:00.05,Default,,0000,0000,0000,,Healthcare management software\Ncan be your best friend here,
Dialogue: 0,0:02:00.05,0:02:03.47,Default,,0000,0000,0000,,predicting future organizational\Nneeds based on historical data.
Dialogue: 0,0:02:03.47,0:02:05.45,Default,,0000,0000,0000,,Next up, we've got scheduling.
Dialogue: 0,0:02:05.45,0:02:08.53,Default,,0000,0000,0000,,Healthcare professionals\Ndeserve work-life balance too.
Dialogue: 0,0:02:08.53,0:02:11.39,Default,,0000,0000,0000,,Optimizing shifts based\Non patient volume trends
Dialogue: 0,0:02:11.39,0:02:14.51,Default,,0000,0000,0000,,and offering flexible scheduling\Noptions can work wonders.
Dialogue: 0,0:02:14.51,0:02:17.06,Default,,0000,0000,0000,,Imagine having control\Nover when you work,
Dialogue: 0,0:02:17.06,0:02:20.21,Default,,0000,0000,0000,,reducing social jet lag\Nand boosting morale.
Dialogue: 0,0:02:20.21,0:02:21.05,Default,,0000,0000,0000,,It's a win-win.
Dialogue: 0,0:02:21.05,0:02:23.99,Default,,0000,0000,0000,,Now let's tackle pillar\Nnumber three, follow up.
Dialogue: 0,0:02:23.99,0:02:26.11,Default,,0000,0000,0000,,Continuously measuring\Nscheduling outcomes
Dialogue: 0,0:02:26.11,0:02:28.94,Default,,0000,0000,0000,,and gathering employee\Nfeedback is essential.
Dialogue: 0,0:02:28.94,0:02:31.88,Default,,0000,0000,0000,,Keep an eye on burnout\Nlevels, job satisfaction,
Dialogue: 0,0:02:31.88,0:02:32.96,Default,,0000,0000,0000,,and engagement.
Dialogue: 0,0:02:32.96,0:02:36.64,Default,,0000,0000,0000,,A happy employee is\Na loyal employee.
Dialogue: 0,0:02:36.64,0:02:38.65,Default,,0000,0000,0000,,Lastly, employee engagement.
Dialogue: 0,0:02:38.65,0:02:41.17,Default,,0000,0000,0000,,Creating an environment where\Nhealthcare professionals feel
Dialogue: 0,0:02:41.17,0:02:44.63,Default,,0000,0000,0000,,valued and recognized is\Nkey to retaining top talent.
Dialogue: 0,0:02:44.63,0:02:47.27,Default,,0000,0000,0000,,From performance coaching\Nto professional development,
Dialogue: 0,0:02:47.27,0:02:49.91,Default,,0000,0000,0000,,a well-balanced approach\Nis the secret sauce.
Dialogue: 0,0:02:49.91,0:02:51.74,Default,,0000,0000,0000,,But wait, we're not done yet.
Dialogue: 0,0:02:51.74,0:02:54.10,Default,,0000,0000,0000,,Here are the six employee\Nretention strategies
Dialogue: 0,0:02:54.10,0:02:55.40,Default,,0000,0000,0000,,you've been waiting for.
Dialogue: 0,0:02:55.40,0:02:57.21,Default,,0000,0000,0000,,First up, strategy number one.
Dialogue: 0,0:02:57.21,0:02:58.81,Default,,0000,0000,0000,,Offer student loan repayment.
Dialogue: 0,0:02:58.81,0:03:01.75,Default,,0000,0000,0000,,Healthcare grads often\Ncarry heavy debt loads.
Dialogue: 0,0:03:01.75,0:03:03.42,Default,,0000,0000,0000,,Helping them with\Nstudent loan repayment
Dialogue: 0,0:03:03.42,0:03:05.26,Default,,0000,0000,0000,,is a gesture that\Ngoes a long way.
Dialogue: 0,0:03:05.26,0:03:08.04,Default,,0000,0000,0000,,Less financial stress means\Nhappier and more engaged
Dialogue: 0,0:03:08.04,0:03:08.92,Default,,0000,0000,0000,,employees.
Dialogue: 0,0:03:08.92,0:03:10.21,Default,,0000,0000,0000,,Strategy number two.
Dialogue: 0,0:03:10.21,0:03:11.29,Default,,0000,0000,0000,,On demand pay.
Dialogue: 0,0:03:11.29,0:03:13.36,Default,,0000,0000,0000,,Offering competitive\Npay is essential,
Dialogue: 0,0:03:13.36,0:03:16.29,Default,,0000,0000,0000,,but sweetening the deal\Nwith on demand pay, bonuses,
Dialogue: 0,0:03:16.29,0:03:18.49,Default,,0000,0000,0000,,and unique perks takes\Nit to the next level.
Dialogue: 0,0:03:18.49,0:03:21.09,Default,,0000,0000,0000,,Imagine being able to access\Na portion of your paycheck
Dialogue: 0,0:03:21.09,0:03:23.64,Default,,0000,0000,0000,,instantly or\Nreceiving spot bonuses
Dialogue: 0,0:03:23.64,0:03:25.24,Default,,0000,0000,0000,,for outstanding performance.
Dialogue: 0,0:03:25.24,0:03:28.92,Default,,0000,0000,0000,,Now that's a workplace where\Nyou're truly appreciated.
Dialogue: 0,0:03:28.92,0:03:31.26,Default,,0000,0000,0000,,Speaking of perks, let's\Nexplore strategy number
Dialogue: 0,0:03:31.26,0:03:33.18,Default,,0000,0000,0000,,three, flexible\Nbenefits and perks.
Dialogue: 0,0:03:33.18,0:03:36.49,Default,,0000,0000,0000,,From commuter benefits to\Nmental health subsidies,
Dialogue: 0,0:03:36.49,0:03:38.64,Default,,0000,0000,0000,,these extras can make\Na world of difference
Dialogue: 0,0:03:38.64,0:03:40.98,Default,,0000,0000,0000,,in your healthcare heroes lives.
Dialogue: 0,0:03:40.98,0:03:43.45,Default,,0000,0000,0000,,Strategy number four,\Nflexible scheduling.
Dialogue: 0,0:03:43.45,0:03:46.69,Default,,0000,0000,0000,,Balancing the demands of\Nhealthcare with rest is vital.
Dialogue: 0,0:03:46.69,0:03:49.77,Default,,0000,0000,0000,,Unique strategies like staggered\Nshifts and adaptable work
Dialogue: 0,0:03:49.77,0:03:52.44,Default,,0000,0000,0000,,durations can ensure that\Nhealthcare workers have
Dialogue: 0,0:03:52.44,0:03:54.34,Default,,0000,0000,0000,,the time they need to recharge.
Dialogue: 0,0:03:54.34,0:03:58.30,Default,,0000,0000,0000,,Strategy number five, improving\Nrecruiting and onboarding.
Dialogue: 0,0:03:58.30,0:03:59.67,Default,,0000,0000,0000,,Getting the right\Npeople on board
Dialogue: 0,0:03:59.67,0:04:01.75,Default,,0000,0000,0000,,sets the stage for\Nlong term success.
Dialogue: 0,0:04:01.75,0:04:04.42,Default,,0000,0000,0000,,From sign on bonuses\Nto mentorship programs,
Dialogue: 0,0:04:04.42,0:04:06.66,Default,,0000,0000,0000,,creating an environment\Nwhere new hires feel valued
Dialogue: 0,0:04:06.66,0:04:08.23,Default,,0000,0000,0000,,and supported is the way to go.
Dialogue: 0,0:04:08.23,0:04:10.86,Default,,0000,0000,0000,,Last but not least,\Nstrategy number six,
Dialogue: 0,0:04:10.86,0:04:13.18,Default,,0000,0000,0000,,encourage continuing education.
Dialogue: 0,0:04:13.18,0:04:15.48,Default,,0000,0000,0000,,Investing in your healthcare\Nprofessional's growth
Dialogue: 0,0:04:15.48,0:04:17.41,Default,,0000,0000,0000,,pays off in more ways than one.
Dialogue: 0,0:04:17.41,0:04:20.64,Default,,0000,0000,0000,,From tuition reimbursement to\Nsponsorships for conferences,
Dialogue: 0,0:04:20.64,0:04:22.02,Default,,0000,0000,0000,,supporting their\Nlearning journey
Dialogue: 0,0:04:22.02,0:04:24.16,Default,,0000,0000,0000,,keeps them engaged\Nand motivated.
Dialogue: 0,0:04:24.16,0:04:26.77,Default,,0000,0000,0000,,With this video, we're just\Nscratching the surface.
Dialogue: 0,0:04:26.77,0:04:29.81,Default,,0000,0000,0000,,Check out our full guide at\Ncompt.io/healthcare employee
Dialogue: 0,0:04:29.81,0:04:32.73,Default,,0000,0000,0000,,retention, or skip the reading\Nand chat with an employee
Dialogue: 0,0:04:32.73,0:04:34.96,Default,,0000,0000,0000,,benefits program\Nexpert at Compt now.
Dialogue: 0,0:04:34.96,0:04:36.51,Default,,0000,0000,0000,,Compt is your\Nall-in-one solution
Dialogue: 0,0:04:36.51,0:04:38.64,Default,,0000,0000,0000,,to boost employee\Nengagement and streamline
Dialogue: 0,0:04:38.64,0:04:40.09,Default,,0000,0000,0000,,benefits administration.
Dialogue: 0,0:04:40.09,0:04:42.31,Default,,0000,0000,0000,,With Compt, you can reward\Nyour healthcare heroes,
Dialogue: 0,0:04:42.31,0:04:44.06,Default,,0000,0000,0000,,create an environment\Nthey'll thrive in
Dialogue: 0,0:04:44.06,0:04:46.06,Default,,0000,0000,0000,,and take the stress out\Nof benefits management.
Dialogue: 0,0:04:46.06,0:04:48.06,Default,,0000,0000,0000,,Ready to take your\Nhealthcare employee retention
Dialogue: 0,0:04:48.06,0:04:48.90,Default,,0000,0000,0000,,to the next level?
Dialogue: 0,0:04:48.90,0:04:50.28,Default,,0000,0000,0000,,Click the link in\Nthe description
Dialogue: 0,0:04:50.28,0:04:52.80,Default,,0000,0000,0000,,to learn more about how Compt\Ncan transform your healthcare
Dialogue: 0,0:04:52.80,0:04:53.62,Default,,0000,0000,0000,,workforce.
Dialogue: 0,0:04:53.62,0:04:55.49,Default,,0000,0000,0000,,Thanks for watching!