NEWSORZO
No Result
View All Result
Sunday, January 17, 2021
  • Home
  • Business
  • Tech
  • Startups
  • News
Subscribe
NEWSORZO
  • Home
  • Business
  • Tech
  • Startups
  • News
No Result
View All Result
NEWSORZO
No Result
View All Result
Home Business

Covid-19: How the healthcare market is responding

by news orzo
April 9, 2020
in Business
0
Covid-19: How the healthcare market is responding
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

First and foremost, to all the members of the healthcare community – we see you.  A heartfelt thank you for your extraordinary efforts and sacrifices.

As part of our commitment to serve those serving us during this time, we have aggregated examples of how healthcare companies and providers are incentivizing those staff members serving on the front lines of the coronavirus. Many healthcare organizations are looking for answers on how to better retain and offer support to their staff, and my hope is this provides some ideas.

Below is a snapshot of what’s being done in healthcare today to support the talented – and selfless – individuals responding to the coronavirus.

Responding to the Crisis

Some healthcare companies and providers are offering additional benefits for the well-being of their employees. Others are offering financial incentives, including extra PTO, additional pay and bonus. And most are taking highly proactive measures to try to get more staff added – in an effort to hopefully limit the excess of overtime that will undoubtedly be needed over the coming weeks and months.

Here is a brief overview of the general actions the healthcare industry is taking:

Streamlining the hiring process and going virtual – targeted fairs and events, enhanced virtual processes, and expedited feedback loops. Healthcare organizations are recognizing it is a good time to do everything possible to quicken the recruiting process, while still maintaining a personalized and authentic approach.
Expanding the funnel of qualified candidates – stretching job requirements, providing training, relaxing licensure requirements (when appropriate), marketing to retired professionals and those functioning in training roles, as well as working with medical and nursing schools to pull in early graduates. Some requirements are not fungible, but the healthcare sector is appropriately reorganizing job responsibilities, requirements, and qualifications where possible.
Providing extra benefits to attract, hire, and retain critical talent – targeted bonus strategies, childcare and transportation support, grocery delivery, laundry services, and wellness support are a few of the classic or more commonly offered extra benefits the healthcare industry turns to in a tight talent market. As a result of the coronavirus, we have also seen organizations offering Netflix, Audible and Amazon vouchers. Giving anything substantive or as a token to show appreciation while differentiating from other offers and employers is key right now.

PREMIUM CONTENT:  What saved your business in the last recession?

It is worth noting that these strategies are still subjectively implemented; not all healthcare employers are rushing to make adjustments. Part of this is likely related to the pace of business right now and the other part is tied to means and capability. Smaller organizations, those in ‘hot-spots,’ and/or those with a less sophisticated TA infrastructure may not be able to carve out the time to identify opportunities and pivot strategies.

As everyone navigates the coronavirus day-by-day, we know the financial implications are yet to be seen – for the general population but also for healthcare organizations. As hospitals and clinics stop all elective surgeries and non-emergency procedures to respond solely to the coronavirus, the impact of the pandemic on healthcare’s bottom line is still to be determined. Offering these additional benefits and other financial perks may simply not be in the budget for some.

One quote that comes to mind during these times of uncertainty is this:

“Do what you can, with what you have, where you are.” – Theodore Roosevelt

We are all in this together.

This is part one of a two-part series on the measures healthcare is taking to attract, hire and retain critical talent during the coronavirus crisis. Look for part two next week.

Read more: feedproxy.google.com

Tags: covid-19healthcarestaffing
  • Trending
  • Comments
  • Latest

Amazon Seller Certifications Highlight Women and Veteran Owned Small Businesses

February 26, 2020
The Changing Role Of Airports IELTS Reading Answers

The Changing Role Of Airports IELTS Reading Answers

October 4, 2020
Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

Teeoh’s avatar social platform aims to beat the odds

January 4, 2020
Best Hand Lettering Quotes For Inspiration

Best Hand Lettering Quotes For Inspiration

October 18, 2020
The 18 Best Marketing Strategies for 2021 (From the Experts)

The 18 Best Marketing Strategies for 2021 (From the Experts)

0
Red Dead Redemption PC is finally fixed, Rockstar promises

Red Dead Redemption PC is finally fixed, Rockstar promises

0
Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

0
Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

Crimson Tiring Redemption 2 PC gets a repair for stuttering – but it no doubt could perchance per chance also approach at a heed

0
The 18 Best Marketing Strategies for 2021 (From the Experts)

The 18 Best Marketing Strategies for 2021 (From the Experts)

January 16, 2021
Email Design 101: Best Practices for Email Marketing Design

Email Design 101: Best Practices for Email Marketing Design

January 15, 2021
SBA Expands Women’s Business Centers Nationwide

SBA Expands Women’s Business Centers Nationwide

January 15, 2021
How Fintechs Can Engage With Content Marketing Agencies

How Fintechs Can Engage With Content Marketing Agencies

January 14, 2021

Recent News

The 18 Best Marketing Strategies for 2021 (From the Experts)

The 18 Best Marketing Strategies for 2021 (From the Experts)

January 16, 2021
Email Design 101: Best Practices for Email Marketing Design

Email Design 101: Best Practices for Email Marketing Design

January 15, 2021

Categories

  • Business
  • News
  • Startups
  • Tech

Site Navigation

  • Privacy Policy
  • Disclaimer
  • Contact Us
  • Advertise
NEWSORZO

NEWSORZO is online business journal that focuses on providing news related to the business world, startups, economic developments and more.

© 2020 NEWSORZO - Online business journal that focuses on providing news related to the business world, startups, economic developments and more.

No Result
View All Result
  • Home
  • Business
  • Tech
  • News
  • Startups

© 2020 NEWSORZO - Online business journal that focuses on providing news related to the business world, startups, economic developments and more.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In