Severe staffing shortages paired with high labor costs are among the most significant challenges faced by hospitals today, according to responses from hospital executives in an October 18 KaufmanHall survey, HealthLeaders October 31 reports.
The survey, named the 2022 State of Healthcare Improvement Report, shows that nearly half of respondents believe reducing labor costs is the most efficient way to reduce overall costs. However, a significant number of respondents noted that they are increasing wages, offering bonuses, and paying more for overtime hours. The report noteed that inflation and staffing shortages have pushed wages up in all areas.
In response to these survey findings, KaufmanHall presented six low to no-cost solutions for improving staff retention.
For more retention strategies and best practices for a pandemic-weary workforce, read the OR Manager 2-part series titled, "Retaining nurses in a post-pandemic era." Access part 1 here and part 2 here.Read More >>