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Articles, case studies, and success stories to guide and inspire healthcare HR, Organizational Development, and Clinical professionals.


Benefits of Trust and Engagement in the Workforce chardyadmin

Source: "100 Best" data provided by Great Place to Work Institute
Comparative data provided by BLS.

Drawing the RoI from employee investment can be a challenge but every VP or Director wants that data to bring to the board room.  Nothing is more powerful than concrete numbers - especially to a hospital CFO!  

These impressive stats may be just what you need to convince your senior leaders how important your engagement programs really are:

 

  • Committed and engaged employees who trust their management:
    • perform 20% better
    • are 87% less likely to leave the organization
       
  • Publicly-traded companies on the 100 Best Company List 
    • consistently outperform major stock indices by 300%
    • have half the voluntary turnover rates of their competitors

Cost savings from reduced turnover alone can be a major money-saver.  From hiring costs to overtime pay to cover empty positions, to time and resources dedicated to onboarding, high turnover rates are something every hospital administrator has their eye on.

 

So the next time your budget goes under review or you have to justify a learning and career development expense, you'll be better prepared!





What Makes An Employee Highly Engaged? chardyadmin

Can you check all these items off the list in your organization?  Do you know what portion of your entry level are experiencing each of these?  What about your mid-level and first time supervisors?  What can you do this year to improve one or more of these areas?  Take control of turnover costs and help your patients feel how much ALL of their care team wants to be there.