A Strategic Guide for Healthcare Organizations Facing the Great Resignation
The healthcare industry is experiencing an unprecedented retention crisis. Since 2020, 18% of healthcare workers have left their jobs, and 47% of U.S. healthcare workers plan to leave their current role within the next 2-3 years. With physician replacement costs ranging from $500,000 to over $1 million, healthcare organizations must develop effective retention strategies now.
What's Inside This eBook:
The Data Behind the Crisis
- Industry statistics on healthcare worker turnover
- Survey findings from physicians and administrators
- The financial impact of physician turnover
What Physicians Value Most 63% of physicians say additional compensation is the #1 retention factor. But compensation is just the beginning. Discover the complete package of benefits that today’s physicians expect.
Strategic Benefit Solutions
- Foundation benefits that form a competitive package
- Advanced retention tools including nonqualified deferred compensation plans
- Unique solutions for both for-profit and not-for-profit organizations
- Student loan forgiveness programs that compete with government offerings
- The Triad Plan – an innovative solution for not-for-profit healthcare organizations
Implementation Best Practices
- How to survey your physician group effectively
- Structuring compensation arrangements that create long-term retention
- Communication strategies that ensure physicians understand their total compensation value
- Working with specialized partners who understand healthcare complexity
Who Should Read This:
- Healthcare CEOs and CFOs
- Chief Medical Officers and Physician Leaders
- HR Directors and Benefits Managers
- Anyone responsible for physician recruitment and retention
Download your free copy to discover actionable strategies for building a benefits package that attracts top medical talent and reduces costly turnover. Or explore our full range of healthcare executive benefits solutions.
Download your free copy to discover actionable strategies for building a benefits package that attracts top medical talent and reduces costly turnover.