From Scarcity to Strategy: How to Win in Today’s Competitive Healthcare Talent Market

As the world of work continues to evolve, the healthcare industry is at the epicenter of transformation. Healthcare job vacancies are on the rise, with the sector accounting for a third of total U.S. jobs added in April, according to the Bureau of Labor Statistics. Attracting and retaining healthcare talent has never been more competitive as the industry faces unique set of challenges—from workforce shortages across disciplines to skills gaps created by digital transformation and the rising demand for healthcare services from an aging population. In this edition of Talking Talent, we explore the unique challenges healthcare employers face, and provide actionable strategies for overcoming recruiting roadblocks with a more robust talent acquisition strategy.??

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With a large portion of the healthcare workforce reaching retirement age, an older population demanding more healthcare services, and new technology shifting the skills needed in the healthcare workforce, the skills shortage in healthcare is growing rapidly. In this article, we share actionable ways employers can address the skills shortage and plan for the future.?

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?A non-profit healthcare network was seeking a Chief Analytics Officer with experience in AI and data management platforms,?based in a large city in the U.S. where they’re headquartered. They had engaged an executive search firm but weren’t seeing results. As their long-term?healthcare RPO partner, PeopleScout’s dedicated?Talent Advisory?team stepped in to provide an in-depth analysis of the talent market to support a more targeted search. ?

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With 58 million individuals aged 65 and older living in the U.S., there’s never been a greater need for more healthcare professionals. The Bureau of Labor Statistics projects healthcare and social assistance sector will add about 2.1 million jobs by 2032, more than any other sector. Here, we share strategies to optimize healthcare recruiting practices in the face of the unique challenges facing the industry today.??

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In Case You Missed It?

• Healthcare RPO: What to Expect from Your Prospective Partner: Many healthcare organizations are turning to recruitment process outsourcing (RPO) partners to supplement their internal talent acquisition teams and build sustainable recruitment strategies. In this article, we highlight six things healthcare organizations can expect from an RPO partnership.??
• Case Study: Recruiting Registered Nurses for Aged Care: See how an Australian aged care provided leveraged PeopleScout’s sourcing expertise and EVP insights to help source critical roles in their hard-to-fill locations, exceeding their targets despite the competitive market.?
• Healthcare Talent Shortage: Changing Demographics, Growing Demand & Shifting Skills: The industry is facing challenges in both supply and demand, with one-third of practicing physicians approaching retirement. Younger generations will need to fill the talent gap, but replacing doctors and surgeons with decades of experience is challenging and demand is increasing as the overall population ages. Here, we explore the generational shift within the healthcare industry to help HR professionals prepare to meet this growing challenge. ?