Benefits 2019: Which are most important to physician job seekers?
Published on: Feb 28, 2019
Today, skilled physicians have a lot of power in their job search. As more medical facilities struggle to fill open roles, they will need to offer exciting benefits packages to engage and retain talent.
To recruit effectively, physician recruiters need to understand what type of benefits job seekers desire, beyond basic medical coverage. Below are a few of the most-desired benefits currently offered to newly hired healthcare professionals.
Paid parental leave
According to a World at Work study, only 38 percent of U.S. organizations offer paid parental leave, with the average length of leave at just over four weeks. Furthermore, many organizations still do not offer substantial leave benefits for new fathers.
A strong parental leave policy can attract younger professionals who are beginning to think about starting or expanding their family. Offering longer leaves can give new parents time to get used to their new responsibilities as well as the time to rest before returning to work.
Physicians may go through more schooling than the average American workers, but that doesn't mean they stop learning once they land a job. Healthcare professionals (HCPs) need the time and resources to stay up-to-date on the latest medical research and technology trends.
If HCPs are expected to conduct this research on their own time, they may be less inclined to do so. Giving newer HCPs the opportunity to learn from a mentor can be a highly useful benefit.
Qualified retirement options
According to the Bureau of Labor Statistics, workforce engagement among people aged 65 or older is the highest it's been in over 55 years. One of the reasons for this shift is that people are living longer. A retirement fund meant to last for two decades may not be sufficient for many Americans.
Strong retirement options, such as 401(k) matching and other pre-tax deductions can make a significant impact on recruitment efforts. Professionals want to be able to save for the future without worrying that they will have to work in their golden years.
Unfortunately, the likelihood of a physician being sued for malpractice is high in the U.S. According to Medscape's 2017 Malpractice Report, 49 percent of all HCPs have been named in more than two lawsuits. With such a high risk of legal repercussions, many savvy job seekers will not take a job that doesn't offer at least some malpractice coverage.
While these four benefits may be top of mind for many, to capture the interest of physician job seekers, consider including a comprehensive list of available benefits in your next job post. To learn more about how to attract medical talent, check out our resource center today. To recruit effectively, physician recruiters need to understand what type of benefits job seekers desire, beyond basic medical coverage.