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Retaining good employees in tough times
1College of Business and Economics, University of Wisconsin-Whitewater, USA.
The Health Care Manager
|February 24, 2001
Summary
To retain healthcare employees in a competitive market, organizations must offer competitive pay and benefits alongside quality of work life programs. These strategies foster employee commitment and improve service quality.
Area of Science:
- Healthcare Management
- Human Resources
Background:
- Employee retention is critical for healthcare quality and efficiency.
- The healthcare market faces a tight labor supply and intense competition.
Purpose of the Study:
- To identify strategies for healthcare organizations to become employers of choice.
- To explore initiatives that meet diverse employee work and personal needs.
Main Methods:
- Analysis of factors influencing employee retention in healthcare.
- Review of successful employer initiatives.
Main Results:
- Competitive compensation and benefits are essential tangible rewards.
- Quality of work life programs are crucial intangible factors.
- Attractive work environments encourage long-term employee commitment.
Conclusions:
- Healthcare organizations must implement comprehensive retention strategies.
- Balancing tangible and intangible rewards is key to attracting and retaining talent.