As the nation’s overwhelming debt crisis looms, and as the immediacy of healthcare reform’s reimbursement reductions come into focus, healthcare human resource executives are zeroing in on strategies to acquire and retain the best talent ahead of their competitors. As they begin this battle for the best people, most understand that they will have to do more with less, no small feat when you consider the organization that captures the top talent will be the market winner.
Meeting in a talent management summit this week in Houston sponsored by Talent Management Academy, participants from San Diego to New York and Boston listened to presentations on a wide range of issues — healthcare reform; the potential for a cataclysmic debt crisis that will force dramatic reductions in Medicare; recruiting; and leadership development and the need for retaining the best talent.
Here are some important takeaways:
In a time when healthcare executives are fiercely scrutinizing costs in anticipation of severe reductions in payments from the government, this type of expensive investment seems counter-intuitive, but nothing could be further from the truth. Many leaders in the field believe the longer that hospitals delay in developing best-in-class onboarding, recruiting and retention programs, the bigger disadvantage they will face in the area where it counts the most: Finding and keeping the best, from the most highly skilled clinicians to the people who cook the food and clean the building.
© 2011 John Gregory Self
© 2020 John Gregory Self