If you are working on your 2021 Staffing Plan and want to ensure your organization’s success, consider these three factors: the current state-of-the-market, retaining physicians, and planning for retirements. We dive into each in this helpful Infographic Guide.
1. Recruitment
- With 7% annual turnover, 50,000 physicians will accept new positions each year
- It takes 6-9+ months to recruit most specialties, plus it can easily reach $1 million in lost revenue per vacancy
- Low supply and high demand: to succeed, you must reach both active and passive candidates
- Only 11% of doctors are actively seeking new jobs
- 76% are passively looking
- How can you get their attention?
- Craft an agile and strategic digital recruiting process
- Job Boards: Cast a wide net with job posts and search for resumes.
- Email: Build an opted-in, engaged database and target ideal candidates with job ads and valuable content.
- Social Media: 80% of doctors claimed their Doximity profile, making it an excellent source. LinkedIn can be effective, too.
- Beware: Your content must be relevant
- 50% of physicians report that less than 10% of communications from recruiters are relevant.
- Craft an agile and strategic digital recruiting process
- No direct mail. There are no metrics to prove ROI, you can’t adjust messaging, and you won’t even know if it was delivered.
2. Retention
- Hire for cultural fit to increase retention
- Favorable workplace culture results in:
- 33% improvement in quality
- 41% reduction in absenteeism
- 50% drop in patient safety accidents
- To physicians, culture and engagement are more important than money
- Highlight organizational culture at the on-site interview
- Remember the acronym: SALE
- Sell the community as well as the opportunity
- Assemble your “A” team
- Leave no questions unanswered
- Engender feelings of excitement and a sense of being welcomed
3. Retirement
- More than 30% of physicians are at or near retirement age
- Whose responsibility is it to initiate the retirement conversation?
- 81% of physicians think it is their responsibility, but they are less comfortable having the discussion
- 33% of administrators believe that it is theirs
- Physicians feel that 3-6 months is enough notice, but administrators want 1-3 years
- Retain end of career physicians
- Did you know? 28% of physicians don’t plan to retire fully
- Introduce reduced schedule options for physicians who wish to stay part time
Visit our thought leadership page for more helpful presentations, case studies, and infographics.
The Three R’s of Physician Staffing: Recruitment, Retention, and Retirement
We’ll dive into each of these over the next three weeks, empowering your organization to be well-prepared to meet patient demand now and into the future…
How Physician Retirements Could Disrupt Your Medical Staffing Plans
The three R’s of physician staffing include recruitment, retention, and retirement, and all three are integral to achieving your physician staffing goals…
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