As the number of unemployed workers remains high along with another new graduating class from colleges around the country, the number of applicants per job posted is reaching historic levels in all professions. In many industries, including the healthcare staffing industry, the sheer volume of applicants has resulted in a
No matter how many viable candidates are in your database, the law of supply and demand will always mandate amount of revenue you can generate. In short, the more candidates you have to place (supply), the more clients (demand) you will need to service. Obviously any successful healthcare staffing firm
The recent initial public offering of the popular social network firm FaceBook provides a cautionary tale for healthcare staffing firms around the country. How in the world does the public offering of a previously private social networking company relate to the staffing industry? Three ways. Expectations, expectations, and expectations.
As a follow-up to our last blog, “Building a Vendor Management System in Healthcare Staffing,” describing a brief history and current state of Vendor Management Systems in the healthcare staffing industry, we will take a look at some of the operational nuts and bolts in its application in the healthcare
…. Are they really legal? During the course of candidate sourcing in the healthcare staffing industry, legal signatures are required for binding documents between prospective employees and the employer. The volume of paperwork in healthcare staffing credentialing and contracting is typically much greater than in other non-healthcare related fields. The
In our last blog, we discussed the impact unemployment claims have on insurance rates for State Unemployment. Another major area of concern for healthcare staffing agencies is the worker’s compensation premium that is experience rated as well.
The decision to begin the process of Joint Commission Certification for a healthcare staffing agency has faced all firms since the organization began certification for staffing firms a little over 7 years ago. The Joint Commission is an independent, not-for-profit organization that accredits and certifies more than 19,000 health care
One of the most important aspects of successfully moving a start-up healthcare staffing firm from incubation to ongoing success is the ability to effectively manage margins. Tracking the true cost of labor is a cornerstone of all successful staffing companies. Every staffing firm should have their own benchmarks for margin
The segments of the nursing population that choose contract labor over permanent placement represent a substantial percentage of the workforce. One of the most important questions healthcare staffing firms has to answer, is how can we attract someone to a temporary assignment that is used to permanent placement.