The Great Resignation and Employee Retention Challenges

NextJob

         By Tammy A. Mullin, chief marketing officer at NextJob, an MHA Endorsed Business Partner                                                      

NextJobAll the talk these days is about “The Great Resignation.” The healthcare industry has lost anywhere from 20% to 30% of its workforce over 2020 and 2021, with more than a third of employees considering leaving their current positions and 60% currently rethinking their career. The sector ranks third in industries experiencing significant labor shortages at 9%, beat out by only accommodations and food services and leisure and hospitality. MHA members are scrambling to fill positions as well as keep existing employees engaged.

While most employers are focused on higher pay and enhanced benefits as a top strategy to attract and retain talent, it turns out that’s not what drives employee satisfaction and engagement. A 2021 study from Indeed, The Work Happiness Report, revealed some interesting data regarding what matters most to employees. Pay ranks 12th on the list of what makes people happy at work.

The top drivers of workplace happiness — feeling energized, a sense of belonging and a sense of purpose — are well within the reach of organizations whose existence is generally tied to a clear mission. The key is in providing clarity on the organization’s vision, mission, impact and employees’ contributions to each, as well as helping workers navigate their relationships with coworkers and into roles they love and where they will thrive.

To help its customers better engage with coworkers and build a better sense of belonging, MHA Endorsed Business Partner NextJob is hosting a webinar on “Workplace Communication Skills” at noon ET July 18. MHA members are invited to register and share information about the webinar with their employee base. In addition, an on-demand recording and presentation slides are available to MHA members free of charge from a webinar on The Great Resignation and Strategies to Maintain Workforce that NextJob presented May 11.

NextJob is available to answer questions and further explore MHA members’ interest in its career development services to help engage and retain employees during these difficult times.

MHA members not only receive discounted pricing on NextJob services; for a limited time, members will also receive their first career development or outplacement package free of charge. 

To learn more, contact Paul Dzurec, senior account executive, NextJob, at (860) 933-8424. For more information about the EBP program, visit the program’s webpage.

MHA Monday Report May 2, 2022

MHA Monday Report

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MHA Board of Trustees Wraps up Unprecedented Program Year

The MHA Board of Trustees concluded the 2020-2021 program year by holding its first in-person meeting of the year at the MHA offices in Okemos for fully vaccinated attendees. As with every meeting since the onset of the COVID-19 crisis, the board reviewed the latest statewide COVID-19-related data and took a moment to reflect on the daunting toll the virus has taken in lives lost and strain placed on healthcare workers and all Michiganders. It was noted that, since the onset of the pandemic, Michigan hospitals have treated over 450,000 COVID-19 patients in emergency departments and admitted more than 120,000 for inpatient care, including 4,500 children. Despite these sobering statistics, the board celebrated the continued steep decline in COVID-19 hospitalizations and infections, as well as advancements in treatment since the onset of the pandemic; however, members expressed concern about slowing rates of vaccination as more infectious variants continue to spread nationally.

The board welcomed the staff of the Michigan Osteopathic Association (MOA), which represents osteopathic physicians statewide, as new tenants within the MHA headquarters building. MOA CEO and executive director, Kris Nicholoff, addressed the board and noted the longstanding and strong relationship between hospitals and the osteopathic community, which can be further strengthened through the new space-sharing arrangement.

The board also received a report on the status of healthcare funding priorities in the fiscal year 2022 state budget, which continue to be deliberated in the Legislature, as well as recent activities related to the statewide roll-out and provider concerns related to recent reforms to Michigan’s auto no-fault insurance law. Current Health PAC Chair and incoming MHA Board of Trustees Chair Tina Freese Decker provided an update on the status of the 2021 MHA Health PAC campaign, which has been extended through July 31. Freese Decker encouraged eligible individuals and organizations to meet their contribution goals. Information about the MHA Health PAC can be found online. The board also approved type 3 membership and Endorsed Business Partnership for NextJob, a nationwide reemployment solutions company.

The board concluded the meeting by acknowledging outgoing board members Edward Bruff, president & CEO, Covenant Healthcare, Saginaw; James (Chip) Falahee, senior vice president, Legal & Legislative Affairs, Bronson Healthcare Group, Kalamazoo; and David Jahn, president & CEO, War Memorial Hospital, Sault Ste. Marie. The board also recognized outgoing chair Ed Ness, president & CEO, Munson Healthcare, Traverse City, for his leadership during such a challenging program year and extended its best wishes to incoming chair Tina Freese Decker, president & CEO, Spectrum Health, Grand Rapids, for a successful year ahead. For more information about actions of the MHA Board of Trustees, contact Amy Barkholz at the MHA.