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According to Staffing Industry Analysts, the healthcare staffing sector grew more than three times its pre-pandemic size from nearly $19 billion in 2019 to nearly $69 billion in 2022.
Digital innovations increased recruiter productivity and efficiency, yielding quicker fill rates for healthcare professionals. Despite this growth, the industry still faces incredibly high turnover rates as burned-out workers leave the field because of poor working conditions and low pay rates.
What does this year hold for the industry? The firms that will be able to quickly grow in size and revenue will need the right strategies to attract, place, and retain top talent; incorporate technology into their workflows; and stay abreast of numerous legislative changes.
Combating Pervasive Talent Shortages
By 2027, almost one-fifth of the 4.5 million total registered nurses intend to leave the workforce, threatening the national healthcare system at large, according to the National Council of State Boards of Nursing. To curb this shortage, healthcare staffing firms must creatively recruit talent.
For example, by partnering with educational institutions and offering incentives such as scholarships, internships, or tuition reimbursements, healthcare-focused staffing firms can encourage students to pursue healthcare careers, thereby increasing the talent pool. Healthcare staffing professionals can also diversify
