Clocking Out (Already??)
July 31, 2023
The Great Resignation is Over, Right?
Not so fast… two weeks ago, we explained that healthcare professionals are more burned out than ever, as 1 in 4 medical professionals considers leaving medicine with nearly 90% of them citing burnout as the leading cause.
While *most* employers see waning impacts of turnover, including tempered financial hardship and recovering levels of engagement, morale and productivity, healthcare remains an outlier.
“Workforce, Workforce, Workforce”
That’s the #1 Priority for Health Systems across the nation over the next year. We’re hearing this in conversations with leaders at America's top hospitals and you can read about the same trend in the Harvard Business Review. HR leaders are going to dire straits to improve retention as their hospital systems struggle to keep up with rising demand amid mounting staff shortages. While competitive pay, referral bonuses and other incentives support hiring, they hardly move the needle on retention.
Why are they Leaving?
Per Grant Thornton's State of Work in America, the top 5 reasons health professionals leave their jobs is because they don't feel valued at work, suffer lower wages relative to inflation, have a lack of support for personal well-being, receive scant benefits and work long hours.
We're Not Just Another Benefit
Plannery improves employee retention by supporting healthcare professionals to get and stay out of debt.
Our voluntary benefit offers better rates on loans, an exclusive credit card and personalized financial management.
We've already improved retention of healthcare professionals at institutions like Advent Health, CVS Health, and HCA Healthcare, and we're rolling out Plannery at major hospital systems this benefits cycle!
Contact us today!