The Impending Talent Shortage
These are turbulent times for medical recruIters. As overall unemployment rates hover around 14.7% the medical industry is facing an entirely different dichotomous disruption: employee burnout and attrition among Covid-19 workers, and massive furloughs and layoffs in the outpatient and private practice sectors.
In early March, as the coronavirus began to spread, the public health sector rallied to meet the rapidly increasing need as medical employment openings more than tripled in five key states including, Georgia, according to Glassdoor’s Economic Research division. On the flip side, by early April, thousands of medical workers were laid off as elective surgeries and healthy patient check-ups dropped off, or nearly stopped. This created an increasingly complicated environment in the medical recruiting and staffing space, as facilities balanced between supporting a relentless need for more help, while others focused on retaining furloughed workers while they waited for the economy to reopen.
“The fundamentals of today’s medical industry includes using an agency, because staffing is much less expensive in real cost, as well as human factors,“ said Dr. Jason Meyer, a well-known expert in the medical staffing and recruitment industry and owner and founder of Medical Staffing Consultants Inc.
“Do the math. In-house recruiting is expensive and so are employee incentives and overtime. And then there is the added danger of people working for long hours and suffering burn-out. The quality of service suffers, safety is sacrificed, there are quality-of-life issues. This causes good employees to seek positions elsewhere,” he added. “ A staffing agency resolves many of these problems while providing flexibility in an unknown staffing environment. There is no crystal ball, but knowing that you have an agency in your corner can be a huge bonus to support existing staff and as well as keeping your clients happy.”
“As states begin opening more and more of the economy, the demand for talent is going to be back at full throttle,” added Tom Erb, another industry expert and President of Tallann Resources.
“We are facing unprecedented times, but that does not mean that we can’t learn from past crisis and downturns and adapt them to our current situation. There are critical activities you can be focused on today to position yourself for the rebound. It’s time to position your company to your upcoming labor needs, and to go a step further to gain a competitive advantage by upgrading your talent.”
OPA Staffing is honored to host Tom’s Free Webinar “Recruiting for the Rebound, “ scheduled for Thursday, May 28th at noon time.