Best Practices that Reduce Vacancy Costs
Over the last month, we have been conducting Benchmark Analysis sessions with each of our LHC community members who participated in this year’s LHC Recruitment Metrics Benchmark Study. During these personalized sessions, we discuss the results of our data analysis compared to Benchmarks, and pull the onion back to discover their story behind the numbers.
A common challenge we are seeing across the country is the escalating shortage of experienced, specialty nurses.
Through our benchmark analysis meetings, we have found some Elite Recruitment teams who are becoming much more innovative in their sourcing solutions including forming strong partnerships with nurse leaders to address the growing shortage of experienced nursing talent.
I would like to share a few of these innovative solutions some of our elite recruitment teams have implemented, with astounding results, to address the nursing shortage in their markets.
- Internal Nurse Float Pool:
- Newly graduated and newer nurses are hired in as float nurses and become part of a pool to fill in gaps on units due to call-offs, vacations, LOA’s, spikes in patient census, etc.
- They receive ongoing training, coaching and mentorship to prepare them for future, full time positions.
- Not only do they fill in nursing gaps and reduce agency spend and overtime, but they allow nurse leaders to see them in action and evaluate their performance for future openings!
- Some systems have created a unique benefit package for float pool nurses with great success.
- “Casual” Nurse Position:
- This position is scheduled intermittently on an as needed basis and helps fill in gaps caused by call-ins, vacations and LOA’s.
- There is no benefit package; however the hourly rate is higher than regular full time and part time nurses.
- This is a terrific job for a nurse wanting the flexibility these hours provide, while also allowing them to work at multiple hospitals.
- Advanced Nurse Program:
- A nursing program that provides additional training, mentorship and hands on experience on various units to prepare nurses for future openings requiring more experience.
I hope you have a Perfect week!