How well do your HR policies align with your strategic plan? What more can you do to develop an engaged, energized workforce? How much of a toll is premium pay taking on your budget? And what changes can you make to improve employee satisfaction and staff retention?
Every healthcare executive should ask themselves these burning platform questions. With healthcare costs rising exponentially, reimbursements falling, and acute care patient volumes declining, never before has there been greater pressure to reduce costs. Labor expenses typically comprise the largest expenditure, making it a prime area for significant initiatives to reduce costs and increase engagement.
The pressures aren’t only financial. With the ongoing nursing staff shortage and the growing focus on patient experience, hospitals are finding that their biggest competitive advantage is their staff. Recruiting and retaining quality staff requires a new approach to human resources, one that brings together HR and financial best practices to create a competitive program that delivers on your strategic plan. That’s where Novia Strategies can help.
Optimize your premium pay programs and collective bargaining agreements by managing utilization practices.
Align your base compensation strategies to create a competitive and equitable salary structure.
Recruitment, Retention, and Onboarding
Reduce unnecessary premium pay with an efficient recruiting process, and position new hires for success through effective recruitment and onboarding.
Develop effective leave management processes and programs that allow work/life balance for employees without compromising patient care.
Novia’s human resource consulting solutions enable clients to achieve significant financial savings by helping clients address the drivers of premium pay. Our clients reduce premium pay expenses, right-size compensation models in line with market competitors, and reduce employee health plan expenses. In doing so, our client’s find they improve employee satisfaction and retention, and reduce absence rates. Ultimately, this enables our clients to become even stronger stewards of their financial resources.
Patient experience greatly depends on a highly engaged workforce that has the knowledge and empowerment to deliver efficient, professional, quality care. With Novia’s Human Resource consulting services, healthcare executives are able to create a competitive program that delivers on your strategic plan.
Ready to Talk?
Contact Theresa Brandon today to discuss how Novia Strategies’ Human Resources consulting solutions can help your organization succeed.