In November 2016, Health eCareers and DHI collaborated with 352 healthcare employers and recruiters to conduct their Annual Recruiting Trends survey. The results helped predict trends and changes in healthcare recruitment in 2017. Here’s a breakdown of the findings, and the top 10 takeaways you should know for 2017 and beyond:
Top 10 Takeaways from the 2017 Healthcare Recruiting Trends Report
Healthcare is booming right now.
Being one of the fastest growing industries means seeing an increase in job opportunities. According to the report, over half of healthcare employers and recruiters anticipated hiring even more professionals in 2017 than they did the year before. The search for the right candidates is on and they’re showing no signs of slowing down.
An increase in job postings should be expected.
There was a 23% increase in healthcare job postings in 2016. Ambulatory health care alone had over 100,000 new jobs added during the last half of 2016, while hospitals saw 50,000 new positions. The majority of survey respondents said that layoffs were not likely at their organizations, meaning that healthcare should continue to see strong growth.
Healthcare employers are experiencing higher turnover.
Even though there’s an increase in job openings, hiring challenges are on the rise. A reported 34% said they saw a higher turnover rate in 2016 than the year before. A double-edged sword, job growth in the industry may be leading employees to shop around and accept other positions. Solutions such as encouraging the use of employee referral programs for high turnover roles may need to come into play.
It’s taking longer to fill positions.
Nearly half of the respondents said it’s taking longer to fill positions than it has the previous year. The report said this was, “mostly due to an inability to find qualified professionals and stagnant candidate interest despite U.S. econ
omic improvement.” There’s a fine balance between making it fast and easy for candidates to apply, and ensuring high-quality candidates are in the pool.
For most, the number of applicants has dropped or remained the same.
Despite a spike in hiring for the healthcare industry, half of the employers and recruiters said they had not seen an increase in the number of applicants. In fact, a combined 71% said they either saw no increase or saw a decrease in the number of candidates in 2016.
Only 33 percent of those surveyed will have an increase in hiring budget.
During a time when hiring is ramping up, most organizations will not be ramping up the budget to match. Organizations will need to look at more budget-friendly approaches when it comes to finding new recruits, such as social media and employee referral programs.
Demand will be highest for professionals with 2 - 5 years of experience.
Among those planning on hiring, 80% said they were seeking professionals for roles that require 2 - 5 years of experience. These positions include nurses and physicians, which have both been tough roles to fill lately. So, if you can specify that demographic in your recruiting efforts, you have a great potential to find new hires for 80% of the positions healthcare employers will be looking for.
Employers are increasing salaries and benefits to try to maintain and attract talent.
With increasing job turnover, new hires asking for more money, as well as an increase in candidates rejecting offers, employers are having to sweeten the pot to meet the expectations this new wave of pickier talent. But the reality is that there are budget restrictions, and 52% of those surveyed claimed they haven’t been able to fill some positions because of salary guidelines.
92% said that branding is an important way to attract new hires, but only 43% have a dedicated budget for it.
Without a budget to promote employer branding, most organizations will have to rely on their website, social media pages, and employees to be good brand ambassadors for them. Though, with a strong employee referral program, employees will help establish a great first impression for their friends when they tell them all the great reasons why they should work there.
Less than half of respondents surveyed reported using an Applicant Tracking System (ATS) daily to recruit talent.
With the big selling points being workplace culture and ease of application, recruiters will be reworking some of the ways they’re resourcing candidates.
Have you read the report? What’s your biggest takeaway -- we’d like to know in the discussion threads below.