As the US population ages, burgeoning demand for healthcare talent continues to put pressure on hospital groups looking to hire skilled talent. The U.S. Bureau of Labor Statistics has also predicted a 13% growth in employment from 2021-2031, much faster than the average for other occupations.
Coupled with Gen Z looking for employment in other industries, the healthcare industry is facing unprecedented challenges with turnover rates ranging from 19.5% at hospitals to 65% for at-home care providers to 94% at nursing homes. In some cases, the turnover is costing hiring organizations as much as 200% of an employee’s yearly salary to replace the lost talent.
Glider AI has put together an informative analysis of the healthcare job landscape that brought to light a few key findings:
The future of healthcare lies in skills-based hiring, augmenting the hiring process with AI-enabled recruiting platforms and creating opportunities for existing employees to learn new skills and enhance existing ones through training programs. This shift in hiring will help meet the escalating demands of the industry, enable recruiters to quickly fill critical roles with quality talent, and enable high-cost savings by reducing turnover rates across the industry. To read more about the research and data, download the report here.