What Does Stronger Economy Mean for Healthcare?
As 2010 winds to a close, it looks like the U.S. economy is finally picking up steam. Recent reports from the U.S. Labor Department, economic analysts and national payroll processor ADP all point to a strong upturn in the job market this fall. For instance, ADP reported a jump of 93,000 new private sector jobs in November, the largest gain in three years. That increase included 79,000 service jobs – including healthcare services.
What does this turnaround on the jobs front mean for the U.S. healthcare industry? One of the most important changes will be an increased competition for administrative, professional and clerical talent. Many dedicated, hard-working individuals have been attracted to the healthcare sector in recent years because of its perceived job security and stability. While most of these employees will stay in their current positions, others may seek “greener pastures” as the economic recovery moves into business services, financial, real estate and other sectors. Therefore, healthcare organizations can expect to experience slightly higher turnover rates in the coming years.
As the nation’s employment picture gradually improves, there will also be increased competition for new hires. It will become increasingly important for healthcare organizations to enhance their recruitment strategies in order to attract top candidates. Then, those candidates must be carefully screened, tested and interviewed to be sure they are a good match for that position. In working with healthcare clients for more than 20 years, All Medical Personnel believes that effective staffing partnerships are one of the best ways to recruit and screen highly qualified candidates, allowing organizations to focus on their core businesses. Those partnerships will become even more important in a growing national marketplace.