If you’ve hired a newly-licensed RN, there’s a 1 in 5 chance they’ll leave within their first year on the job, according to a study by the RN Work Project. If they make it past the first year, you’re facing 1 in 3 odds that they’ll leave before completion of their second year of employment. By the 8th year on the job, only 40% of newly-licensed nurses will still be working for your facility. These are just some of the study results of the RN Work Project, through funding from the Robert Wood Johnson Foundation, to study the career path of newly-licensed registered nurses. The study began in 2006 to survey new nurses and track their career trajectory. The study ends in 2015. The goal is to understand the reasons behind nurse turnover so that healthcare providers can improve recruitment and retention strategies. Cost of nurse turnover The Cost of Nurse Turnover Registered Nurses play a pivotal role in the profitability of healthcare facilities. The financial cost for the turnover of each nurse is estimated to be twice their annual salary. For each percentage increase in nurse turnover, hospitals are estimated to lose $300,000 in profit. To give [+]

healthcare new jobsIf the shortage of skilled labor wasn’t enough of a recruitment problem for healthcare providers, a recent CareerBuilder survey reveals that 34% of healthcare workers will be looking for new jobs in 2013 up from 24% in 2012. The reasons that healthcare workers gave for seeking a new position included heavy workloads, few promotion opportunities, inflexible schedules, and general frustration with work/life balance. 48% of Healthcare Professionals are Passive Job Seekers With both retention and recruitment being vital issues to resolve, it’s more important than ever for healthcare providers to streamline their recruitment process and make more informed staffing decisions. The survey also reported that 82% of healthcare professionals would be open to discussing a new job opportunity if it arose. The 48% considered passive candidates – those who are generally satisfied with their jobs but open to new possibilities – are the solution to both the recruitment and retention problems facing healthcare providers. Potential passive candidates reported that their reason for remaining with their current employer included the enjoyment of working with co-workers, location, salary/benefits, flexible shifts, and a general feeling of having satisfying and rewarding work. If that sounds like the ideal employee, it’s [+]

In January’s State of the Union address, President Obama announced the inclusion of $100 million in the upcoming 2014 federal budget for research on a brain mapping project. While the announcement has been received relatively warmly on both sides of the political spectrum, there is some concern due to the federal budget sequester cuts. The overall goal is to enhance neuroscience research by focusing on epilepsy, autism, Alzheimer disease and traumatic brain injuries, and by doing so, it will create more jobs in healthcare facilities nationwide.. The infusion of cash into this scientific branch would be the catalyst for what appears to be a decade’s long project. Bipartisan Support Obama stated, “We can’t afford to miss these opportunities while the rest of the world races ahead. There is this tremendous mystery that is waiting to beObama brain project unlocked.” A spokesman for House Speaker, John Boehner, R-Ohio, states that the brain mapping project would be “exciting, important research” and that “it would be appropriate for the White House to reprioritize existing research funding into these areas.” Obama is adamant that United States researchers make the inevitable future discoveries in order to reap the economic returns rather than allow any [+]

The healthcare industry added another 32,000 job postings in February in addition to the 30,000 openings per month it has been averaging over the past year. Some healthcare facilities seem better prepared to keep up with the increased hiring demand while others struggle to fill positions or experience prohibitive costs when they can fill them. Sue Higgins - Product Development Manager Sue Higgins, Product Development Manager at Stay Staffed Candidate Direct, who has been monitoring the growth in healthcare staffing reports, “In the last 12 months our postings have increased over 340% - this is due to two things: 1) the growth in industry and demand for highly skilled candidates, and 2) the increase of clients using our Vendor Management System. We have had added significantly to our client list and these facilities are posting and getting jobs filled fast!” Clients utilizing the Candidate Direct VMS solution are experiencing improved fill rates, reduced overtime, fewer staff shortages, and an enhanced candidate matching process that results in lower turnover and greater productivity gains. VMS Client Testimonial: "Our facility was caught off guard when a key Nurse Practitioner announced she was taking an early retirement. Our staffing manager tried unsuccessfully [+]

With two separate Medicare reductions taking effect in the first half of this year, it’s understandable that healthcare providers are lamenting the potential loss of healthcare jobs. It’s a big pill to swallow for most hospitals and healthcare employers. But as the outrage dims, healthcare executives are re-visiting their strategic plans to come up with cost-effhealthcare staff cutsective solutions to recover the revenue loss. Certainly, for some, healthcare staffing cuts are on the table. Rather than issue layoff notices, however, more innovative hospital executives are looking to generate additional revenue streams as well as streamline operational processes by eliminating waste and redundancies to better utilize their workforce. New Revenue Streams Part of the Answer Of course, additional revenue streams are the ideal solution. Some nursing homes, confined by minimum worker-to-patient ratios, are looking to new revenue sources as a solution rather than cutting healthcare staff. An October 2012 BusinessWeek article reported, “The chief executive of Brookdale (Senior Living), Bill Sheriff, told investors in the company’s most recent earnings call that Brookdale’s expansion into hospice care and outpatient services such as physical therapy has made an ‘attractive additional contribution’ to revenue.” Similarly, Richard Lechleiter, chief financial officer at Kindred, [+]

Fueled in Part by the Patient Protection and Affordable Care Act Healthcare Staffing isn’t always easy. Especially if a healthcare provider’s local labor pool doesn’t support the RN specialists patients require. To fill gaps in bedside care, the ER, OR, NICU and others; healthcare facilities nationwide rely on travel nurses to supplement their permanent staff. Their skills are just as good as staff nurses and in many cases better prepared to care for and communicate with disparate patient populations, indicate findings by the Robert Wood Johnson Foundation. As 30 million plus Americans gain access to healthcare through the nation’s Patient Protection and Affordable Care Act, reports a Foundation study, traveling nurses may play a bigger role than ever in staffing healthcare providers that face growing patient populations and attrition by older nurses. And though an increase in the number of patients is bottom line news for any healthcare provider, headaches in sourcing qualified nurse candidates can be daunting and costly. Time consuming interviews, piles of paperwork and endless phone calls to onboard supplemental RNs for multiple units or floors can be drastically reduced with services of a healthcare vendor management web-based platform Fortunately, healthcare providers that suffer from in-house or regional nurse shortages [+]

Vendor management software ensures nurses today and tomorrow As healthcare employers, we would probably be better off to resolve ourselves to the fact that we live in a constant state of  ‘nurse  shortage’, a condition where every able bodied, qualified nurse is an asset and finding and retaining the best and brightest is an ongoingnurse shortage and healthcare staffing solutions challenge.  This way, when water cooler talk revolves around today’s or tomorrow’s healthcare staffing challenges and nurse shortage, you can say “All over it, especially since I started sourcing nurse job candidates with vendor management software.” Earlier in the month, the New England Journal of Medicine once again reminded us that another nursing shortage is just around corner. This one caused by an exodus of nurses leaving the profession as the economy recovers. Findings in the Journal estimate that approximately 118,000 FTE registered nurses will exit the workforce in the next three years, but because of a lack of how recessions affect RN transitions in and out of healthcare "employers and workforce planners are unable to anticipate how many nurses might choose to leave the workforce once a robust jobs recovery begins," reports the [+]

The numbers are in. The Bureau of Labor Statistics reported healthcare leading the nation in job creation the first nine months of 2011. September was a banner month, reports Labor, with healthcare employment taking 42 percent of new jobs created. By year’s end, job creation in healthcare is set to outpace all of 2010 by a third. “With more nurses, therapists and allied health professionals on-boarding at facilities of all types, effectively managing contingent labor, travelers and temporary help will be vital to operations,” said Sue Higgins, Director of Product Development at StayStaffed Technologies, a Florida-based vendor management firm. "Larger healthcare employers are back to hiring and the demand for nurse specialists and therapists with advanced credentials keeps growing." healthcare hiring increaseTo recruit, hire and process these highly-skilled healthcare jobs candidates, Stay Staffed Technologies provides healthcare employers with a virtual staffing Marketplace.*Loaded with automated features, this Internet-based vendor management marketplace enables the accurate matching of healthcare job candidates with posted job descriptions, promotes easy candidate review, documentation and credentialing, and establishes a foundation on which healthcare employers can build an internal workforce of talented candidates to call on in a moment’s notice.  The Marketplace requires no [+]

Of the 120 healthcare executives participating in a recent nurse staffing study, * 63 percent ranked quality as the number one reason they planned to hire more travel nurses and temporary labor in 2011.  Number two and three reasons were the immediate availability of travel nurses resulting in fast time to fill rates, and the reduction of non-productivity costs associated with hiring permanent staff, such as recruiting, payroll, benefits administration and others. BOCA RATON, FL July, 2011 – Effectively blending travel nurses and contingent workers with permanent staff can save healthcare employers up to 13 percent on staffing costs. Though during tough economic times hospitals may limit the use of travelers and temporary workers as a means of cutting costs, vendor staffing experts at Candidate Direct say doing so can have the opposite effect: too few travelers can increase staffing costs and reduce nurse efficiency. Last year alone, almost 90 percent of contingent staff users said costs would rise if they eliminated the use of temporary workers.  By increasing the ratio of travel nurses to permanent nurse staff hospitals can reduce costly overtime, health benefits, payroll taxes, pensions and paid time off. "With economic uncertainty on the horizon, investing in permanent staff [+]

More healthcare employers hiring temporary medical professionals in wake of recession A recent employment survey conducted by the staffing industry’s leading job board suggests that temporary workers are back in vogue. Twenty-nine percent of companies’ surveyed from February to March said they hired temporary workers in the first quarter of 2011 and 26 percent said they would in the second quarter, reports Staffing Industry Analysts, a firm specializing in workforce management trends. Though the uptick in employment is great news for healthcare staffing agencies, healthcare employers must find an effective means of managing temporary and contract labor, or the inefficient on boarding and off boarding of employees will result in wasted staffing dollars and diminished patient care delivery. healthcare employer The survey, which included 2,800 hiring managers and 5,600 workers across a broad spectrum of industries and company sizes, also showed 28 percent of respondents hiring permanent employees in the first quarter – the biggest increase in three years. "With healthcare reform knocking on everyone’s door, telling hospitals and healthcare employers to ramp up patient safety efforts and increase care quality, a workforce management solution such as the Candidate Direct Marketplace enables administrators to manage both temporary and [+]

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