In honor of the recently celebrated Healthcare HR Professionals week, we would like to focus on the importance of human resource management in healthcare. Healthcare is an industry that focuses on addressing health concerns. Everyone plays a very important role from interns, back office support and administration, the food and safety, facility crew, to the technicians, nurses, to the physicians and up to executives. For an industry that deals with urgent cases, low to highly critical situations, it is vital that a good human resource management is set up to take care of the employees. It has been studied that 75% stay longer if their concerns are attended to. Good human resource program is very crucial to maintain attrition rate at a low level as the boarding experience of employees will depend on the strategy, initiatives and efforts of the department. Study shows that 30% of new hires leave the company just after several months of hire date.
According to statistics, around 49% of companies invest a lot for HR management. Aside from hiring enough people to support the employees, organizations also invest in technology that make sure HR staff are able to automate and consolidate employee data. In 2023, investment on HR software tools is around $13.8 billion. For healthcare organizations that managed thousands of hospital staff, this is very vital and foundational to provide support to the workforce.