Research Briefing

Healthcare: Five Principles of Effective Talent Management

Healthcare firms that invest in employee engagement programs achieve higher customer experience ratings. How are these best-in-class organizations crafting and executing a cohesive commercial talent management strategy?

Alexander Group recently surveyed 250+ commercial leaders in healthcare to gain their insights on the best practices for developing a talent management strategy that truly brings a competitive advantage.

The report, Five Principles for Effective Talent Management in Healthcare, is now available. Highlights include:

  • Digital health companies are the most advanced among healthcare cohorts in leading internal initiatives to improve employee experience.
  • Health & wellness firms take approximately 2x longer to fill generalist positions than digital health companies.
  • Companies that measure employee skills and competencies on a quarterly basis realize a ~20% reduction in employee attrition due to insufficient training.
  • Compensation is the #1 reason candidates accept hiring offers and is also the top reason employees resign; the dollar amount, however, is not the only component that matters.

Interested in finding out more on how to develop advanced practices for talent management?

Please complete the form and an Alexander Group representative will be in contact with you soon to schedule your briefing.

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