invest in your workforce: simple solutions for recruitment, retention & revenue generation

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Nicola Hawkinson DNP, RNFA, RN The Business of Pain Medicine October 8, 2016 Invest in Your Workforce: Simple Solutions for Recruitment, Retention and Revenue Generation

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Page 1: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Nicola Hawkinson DNP, RNFA, RNThe Business of Pain Medicine

October 8, 2016

Invest in Your Workforce: Simple Solutions for Recruitment, Retention

and Revenue Generation

Page 2: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Recruitment and retention are important for business, but not all

companies know how to begin and complete the process

Page 3: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Recruitment 7 Successful Onboarding Steps

1) Identify the vacancy/need2) Job advertisement and recruitment3) Identifying qualified candidates 4) Interviewing 5) Follow-up6) Extending an offer7) Onboarding

Page 4: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

1. Identify the Vacancy / Need

Why is there a need?New Hire

ExpansionIncreased volumeNew practitioner

ReplacementReason for turnoverReview of retention metrics

Page 5: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

1. Identify the Vacancy / Need

Treat the hiring process as a key business practice

Have a planHave a timelineReach your goal

Page 6: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

1. Identify the Vacancy / Need

What position do you need to fill?TitleReport toJob DescriptionCompensation package

Page 7: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

1. Identify the Vacancy / Need

The Job DescriptionTitleReport toScope of practiceResponsibilitiesHours

Page 8: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Good Practice Tips

When you are preparing a job description avoid jargon, abbreviations or acronyms, which can only be

understood by 'people in the know'. Choose the wording carefully so that you do not discriminate

against candidates unnecessarily. Rememberdiscrimination can be direct or sometimes unintentional

and more difficult to spot.Obtain specimen job descriptions from

similar groups or samples from professionalbodies to compare.

Page 9: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

1. Identify The Vacancy / Need

Job Description NO No’s“We Don’t Have One”“Can You Just Make One For Me”“Tell Them We’ll Speak To Them When We Get Here”

Page 10: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

1. Identify The Vacancy / Need

The Compensation PackagePAY

Consideration should be given to payFactors: market rates, skills, years of experienceSupply and demand

Page 11: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

1. Identify The Vacancy / Need

The Compensation PackageBenefits

Can determine the full remuneration packageEmployees are not only motivated by money

Factors such as health care benefits, 401k, and flex hours

The Compensation package need to be accurate and reflect what the employer can actually afford

Page 12: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

1. Identify The Vacancy / Need

What type of candidate do you need?Pro’s and Con of the Prior Employee

Think about the qualities of the person who last held the prior

Company CulturePersonality type, interests, geographical barriers

Key AttributesLoyal, hard working, flexible

Page 13: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

1. Identify The Need / Vacancy

How do you find a person to fill the job?Internal Candidates

Don’t forget your current employeesProvide opportunity for inter-company advancementRetention, culture

External CandidatesAdvertisementLocal universitiesSocial mediaPartnership with a recruitment firm

Page 14: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

2. Job Advertisement and Recruitment

Page 15: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

How to SearchHave well-defined strategy

Ensure you the budget / salary lineDetermine the timeline for recruitment Determine your ability to set aside time to recruit / interview as well as time from all others involved in the interview and decision making process

Page 16: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

How to Search

Defining the selection processWhat methods will you utilize to searchWhat total number of candidates do you seek to interview before making a selectionHow will you organize the screening and interviewingCriteria for selection

An employee who is the best fit for your position

Page 17: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

2. Job Advertisement and Recruitment

Attend live events to meet candidates Create innovative ways to announce job opportunities - AdvertiseJob fairsSocial Media

Web PageFacebookTwitter

Page 18: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

2. Job Advertisement and Recruitment

Build a steady stream of applicantsInterview in groups of 3-5 depending

Set aside 2-3 hours for interviewsApproximately 30 minutes each

Allow time to discuss, score and summarizeTake notes, document so as not to forget

Page 19: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

2. Job Advertisement and Recruitment

Do• Try new approaches• Think about cost• Seek advice

Page 20: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

2. Job Advertisement and Recruitment

Don'tRepeat an old advertisement unless it workedAssume who is right for the jobDiscriminateCopy similar organizations - be different!Be afraid to ask for advice

Page 21: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

3. Identifying Qualified Candidates

Resume reviewClean sharp, without grammatical errorsResume paper, crisp not folded or wrinkledAppropriate objective summary / cover letter

How does the candidate represent themselves online? Over the phone? E-mail, In-person?

ProfessionalismLanguage

Page 22: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

3. Identifying Qualified Candidates

Resume reviewFor most of you – you will utilize the resume to decide who will be selected for a live interviewAgain

Clearly writtenChronological orderFresh presentationDoes experience reflect the qualifications you are in search of

Page 23: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

3. Identifying Qualified CandidatesEmail

Written professionallyClearly stated subject – reason for search

CallSpeaks professionallyLanguage is clear

SkypeDressed ProfessionallyEye contact / enthusiasmWithout distraction

Page 24: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

3. Identifying Qualified Candidates

Matching Resume with Job DescriptionEnsure skillset

Do not be distracted by personality compatibilityBe specific

Page 25: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

4. InterviewingKnow What You Are Looking For

Have a detailed job description in place so you know the type of candidate you are looking forReview resumes carefully

Short time at jobsGaps in employmentReason for job turnoverUnable to answer questions about previous job responsibilities

Page 26: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

4. Interviewing

Time Kills ALL DEALSApplicants should be promptly acknowledgedThey can be considering multiple

Opportunities

Page 27: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

4. InterviewingResume reviewCandidate selection for interview

Date, time, locationPractice websiteWho will attendSpecial testing (typing, billing, pivot tables)Personality testingTrial or shadowing daysPlan for a second interview- follow up

Page 28: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

4. InterviewingUsually Poorly Planned, Rushed and UnstructuredSome Prep Tips:

Alert the reception area you have a visitor comingEnsure the interview room is private, and not clutteredDo not accept calls, NO TEXTINGHave all documents prepared

JD, Resume, questions and paper for notes

Page 29: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

4. Interviewing80/20 Rule

Candidates should do most of the talkingAllow time to answer questionsAllow time for them to formulate questions to youConclude by outlining next steps and follow up

Exchange contact information if you choose

Page 30: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

4. InterviewingAsk the right questionsDon’t overlook small things, they could turn into bigger issuesIf their job experience does not match what you are looking for don’t ignore itTake notesUtilize a grading metrixSpeak to decision makers

Page 31: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

4. InterviewingSelection Process

The selection process should be just as thorough as the recruitment processDoes the candidate meet the expectations and fulfill the job requirements you have in place?Does the candidate’s experience match the qualifications you are looking for?Does the candidate seem like a good fit? Will their personality be a good match with other employees?

Page 32: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

4. InterviewingChoose a “Reserve Candidate”

Second choiceConsider if first choice does not acceptOr, if references and background are unsatisfactory

A reserve candidate will save you from having to go through the process again, and may, in some cases, provide you

with a possible candidate for another position

Page 33: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

5. Follow-upA big lapse in time between interview and follow-up could cause you to loose candidatesAct in a timely mannerOrganize- After the interview you should review your notes and contact the candidate within 24 hours about next steps

Page 34: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

5. Follow UpDesign a 'points system' to measure howcandidates meet your criteria.For example

3 = exceeds criteria2 = meets criteria1 = partly meets criteria0 = doesn't meet criteria

Page 35: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

5. Follow Up References and Background

Design reference questions that are tailored specifically to your business/practiceContact 3-5 referencesPay attention to how the reference talk about the candidate Spend as much time on call with them as possible

You must receive permission from the candidate to call upon his/her references

Page 36: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

5. Follow Up

References and Background

Checks should be made regarding the following:• Eligibility to work in the US• Previous employment and character references• Criminal Records Bureau checks• Health screening/questionnaire• Qualifications

Page 37: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

5. Follow Up

References and Background

The real importance of references is that theyhelp you to spot the very small number of jobapplicants who give misleading informationabout their past, or are giving false information.

Hire Slow….Fire Fast

Page 38: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

6. Making a Contingency Offer

When you feel you have successfully recruited , interviewed and selected a candidate you are ready to extend a job offer

Offer contingent on references and background checkDon’t disengage from the hiring process; Stay involved.

Candidates can be simultaneously receiving multiple offersCandidates may have questions regarding compensation

Page 39: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

6. Making a Contingency Offer

The Offer Letter

The principal statement must include:The legal and trading names of the employerThe name of the employee

• The address of the employee’s place of work• Job title or a brief description of the work• The date when the employment began

Page 40: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

6. Making a Contingency Offer

The Offer Letter May also include

Pay, and intervals of PayHoursBenefitsGuidelines for resignation / termination

Many states will include employment at will

Page 41: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

7. Onboarding Process

Day 1Have the new employee arrive with a plan from you

When and where to arriveWho to report toAn idea of the day’s agenda

The candidate should see that there was thought an planning implemented to onboard successfully

Page 42: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

7. Onboarding ProcessGood Practice TipTaylor induction to the individualIdentify a mentor or 'buddy', who can be used tosupport, advise, motivate and encourageA good mentor will view the staff member objectively and give constructive feedback along with general guidance.

Page 43: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

7. Onboarding ProcessCandidate-Centric Approach

Create a culture where the best employees want to work.Engaging work environment Set a date for 90 day reviewFollow Up / check in

Page 44: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Retention

Page 45: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

RetentionTraining & growth

Well-trained employees feel confident and knowledgeable in their roles, and thus happier in their jobs.

Make sure your practice has a comprehensive employee manual and everyone has a copy of it.

Give each employee a thorough job description on the first day that covers major tasks and expectations.

Assign a veteran employee to mentor the new employee.

Offer to pay for cost-effective online training programs to encourage your employees to grow professionally.

Page 46: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

RetentionCommunication

Everyone needs to know what to do and how well they’re doing. Seems simple, but good communication in offices is rare.

Don’t skip performance reviews. Have full, formal reviews every year.

Don’t rely on performance reviews alone for providing feedback to staff; give them encouragement and address their shortcomings regularly.

Schedule a regular all-staff meeting where employees hear about what’s going on in the practice and voice ideas or concerns.

Form staff-led committees on improving work flow or office policies.

Page 47: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Retention Incentives & benefits

Evaluate your benefits package and see if you can offer extra time off, flexible hours, free parking, or gym memberships.

Create an employee of the month program to recognize outstanding work.

Set individual or group goals and reward the achievement of those goals with gift cards, gas cards, movie tickets, or lunch.

Page 48: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Revenue

Page 49: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Revenue

As reimbursement declines, one way to enhance practice revenue and profitability is by adding ancillary services.

Ancillaries assist in maximizing practice profitability, while providing patients with the convenience and continuity of in-house care. Integrated clinical services also can increase productivity, revenue and patient retention.

Page 50: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Revenue The majority of activities impacting both patient care

and revenue within the hospital begin or end with a physician’s signature, and this is unlikely to change regardless of what direction the health system takes.

Page 51: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

ConclusionRecruit smartIdentify a strategic recruitment planBe proactive, not reactiveFollow through with your process and be timely

Page 52: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Conclusion

Know what you are looking forTake the interview process seriouslyRespond to candidates in a timely mannerPay attention to red flags

Page 53: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Conclusion

Use references and background check as an aide during the selection processPlan out the new employees first week prior to the start dateBe as organized as possible

Refine and revise your process with each new hire

Page 54: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Questions?

Page 55: Invest in Your Workforce:  Simple Solutions for Recruitment, Retention & Revenue Generation

Thank You!

Nicola Hawkinson,DNP, RNFA,RNSpineSearch

www.Spine-Search.com1-516-333-5050