What Are The Biggest Challenges The Industry Is Facing?
Meeting the needs of healthcare workers is no small task, especially in today’s rapidly changing medical industry. To offer high-quality healthcare, effective human resource management is necessary. Employee burnout is one of the top issues HR in healthcare must address, but talent acquisition, training and development, digitization, and high turnover rates are also pressing concerns.
While workplace stress is generally rising, it’s especially alarming in the high-pressure, understaffed healthcare industry. A survey by CareerBuilder found that 54% of nurses report experiencing high levels of chronic, job-related stress. Healthcare workers are not only taking on the physical stress of long shifts and too many patients but the emotional stress of dealing with illness and death. Employees who experience high levels of job-related stress are more likely to disengage, miss work, have negative interactions, and eventually resign. Healthcare employees’ daily occupational stress can easily lead to burnout if left untreated.
46% of HR leaders say employee burnout accounts for up to 50% of their annual workforce turnover.
The average hospital has turned over 100.5 % of its workforce in the past five years.
47% of leaders could definitively say that people from all backgrounds were encouraged to advance in their organization.
The average cost of turnover for a bedside RN is $46,100, resulting in the average hospital losing between $5.2m – $9.0m.
47% of leaders say their organizations do not offer clear advancement opportunities.
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“TaskHuman has been pivotal in advancing leadership development across our global workforce. In just six months, over 692 hours were dedicated to leadership coaching alone, supporting people managers and future leaders in 78 countries. The ability to deliver personalized coaching at this scale—especially to colleagues in remote or high-stress contexts has been unmatched in helping our teams grow in confidence, strategic thinking, and communication.”
UCHR
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