Talent Recruitment
A Journey to Best Practice in Healthcare Recruitment
Workforce optimization and EVP activation drove this global firm to improve nurse retention, boost hires by 15.5% and save $43M+ in traveler expenses.
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Skip to main contentThe long-standing nursing skills shortage has made healthcare recruitment far tougher for U.S. health systems in recent years. The challenges for LVHN were magnified by its Pennsylvania location, where the preference for clinical graduates and experienced clinicians was to work in metro regions over small cities and rural areas. In addition, it was struggling to compete with nearby organizations offering more favorable nursing schedules and ratios.
A vicious cycle was in motion that will be familiar to healthcare leaders nationwide. Hiring shortfalls were impacting staffing levels. The resulting extra demands on frontline staff were increasing turnover and deterring new joiners. In turn, hiring targets were climbing and becoming even harder to achieve. The inevitable side-effect for LVHN was unsustainable extra spend on:
LVHN leaders recognized a new approach was required to solve the interlinked problem of nurse recruitment and nurse retention. Lacking the required resources internally, LVHN turned to Korn Ferry to deliver change through its joined-up capabilities in healthcare advisory support and Recruitment Process Outsourcing (RPO). Hiring would have to significantly outpace resignations to close the headcount gap.
Over the course of 15 months, Korn Ferry took LVHN on a journey of improvement to build sustainable excellence into its healthcare recruitment and workforce planning strategies.
The success of the partnership was built on the depth of understanding that Korn Ferry gained during discovery, and the level of trust fostered between the two organizations.
Key client stakeholders were fully immersed in shaping and delivering strategy at every step. The buy-in, advocacy, and input of LVHN leaders were fundamental to the solution’s success―as was their courage in challenging existing organizational practices and their willingness to do things a different way.
The initial discovery process identified a three-pronged solution that would solve underlying issues and provide a foundation for best-in-class hiring and employer of choice status:
Korn Ferry’s Advisory specialists focused on workforce optimization and upskilling of incumbent leaders. Through more than 440 hours of bespoke education workshops, nurse leaders were equipped with the finance, budgeting, and planning knowledge to radically reshape position control, create balanced schedules, and enhance the care team model. The outcome was a successful rollout of Network Best Practices across every LVHN location, ensuring consistent, best practice approaches for the key tasks of nurse budgeting, position control, scheduling, and staffing.
The Korn Ferry RPO team dedicated itself to transforming both external perceptions and internal processes. LVHN was yet to define and market a formal EVP. Korn Ferry specialists ran a comprehensive research, development, and validation project to craft an authentic, values-based EVP that would genuinely resonate with existing employees and outside talent.
The EVP was then translated into a creative employer brand identity, alongside marketing materials and recruiter guides. The team covered every detail of brand activation and implemented a major multi-channel launch that included online and in-person events. This promotional push was complemented by increased investment in programmatic advertising. Candidate awareness and applications increased quickly as soon as the new EVP reached its audience.
Of course, applications do not translate directly into filled roles. Korn Ferry analysis showed that existing assessment practices were proving a barrier to bringing talent onboard. The team worked closely with hiring managers to embed a shift in thinking on selection. Previously, the hiring focus was on filling individual roles. This led to talented candidates being rejected for not quite fitting all of the role profile requirements.
Now, the mindset has moved to attracting skilled nurses to the organization as a whole, then matching them to suitable positions (or even creating new ones). After a full review of wider internal practice, a suite of standardized best processes was implemented across the network, accelerating the consistent adoption of industry best practices.
Before the conclusion of the RPO contract, the final task was to help LVHN embed the new recruitment model internally, ensuring a seamless continuation of improved performance and results. In little more than a year, every major metric was impacted. LVHN can now make stronger data-driven decisions based on metrics and reporting, and its internal capabilities are transformed.
It was imperative that Korn Ferry’s assistance delivered a high volume of quality nurse hires. The mission was accomplished thanks to a 10% increase in applicants and a 15.5% year-on-year increase in nurse hires. This enabled a net gain of 144 new nurses, with more than 700 new starts.
Fifty-three percent of experienced nurses were hired into high priority areas, and new joiners have brought an average of 8.7 years of experience. The reduction in turnover equated to an average of 17 additional nurses retained each month. Investment in compensation and more balanced schedules were both identified as contributing factors.
The average time to fill fell to 73 days—well ahead of the national benchmark of 95 days. Perhaps the most eye-catching figure is the year-over-year reduction in traveler expenses―a massive $43.18M was saved. Looking ahead, LVHN has the healthcare recruitment capabilities to move forward with confidence and build the right team for its future.
Nursing skills shortages present a challenge to healthcare employers in every corner of the globe. The issue is universal, yet each organization requires a tailored solution to make a tangible impact on staffing levels. To explore a smarter approach to your nurse hiring and nurse retention strategies, speak to an RPO expert today.