October 14, 2014

How to Retain Top Employees During Cutbacks

Cutbacks. The word no hospital leader or employee wants to hear.

It’s not news that the healthcare model has experienced drastic changes over the last few years. As providers struggle to keep up, many have been forced to make cutbacks, putting hospital leaders in a tough position.

Perhaps one of the biggest challenges hospital leaders face during cutbacks is finding ways to retain their top employees. In the past, it was easy enough, as hospital systems had the ability to offer high salaries to encourage employee retention. Now, however, in times of healthcare changes and cutbacks, health leaders are forced to find other ways to retain their top employees.

One way to promote employee retention, as cited by a FierceHealthcare article, is to ensure that the organization’s core mission is clearly emphasized. When people are working toward a common goal and have a clear mission, they are more motivated and fulfilled; it’s important that your employees understand how their work benefits the organization as a whole.

Another way to retain top employees is to improve their working environment. For instance, implement a wellness program, provide more food options, improve incentives, and offer development opportunities. Showing your employees that you genuinely care about their health and wellbeing is crucial for employee retention and results in happy employees who stay longer.

At Coors Healthcare Solutions, there’s a reason the word solutions is in our name. When it comes to financial or organizational challenges, we have the practice and experience necessary to guide our clients to the proper solution. We believe that strong teams are comprised of stronger leaders, and we’re here to help you bridge the gap and find the solutions you need to improve your organization.

Visit our website to learn more about our services, and check us out on Facebook, Twitter, and Linkedin.

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