Workforce
Medical device manufacturer Stryker Corporation last week announced plans to cut its global workforce by approximately 5 percent. Other restructuring activities are also anticipated to reduce the company's annual pre-tax operating costs by over $100 million beginning in 2013.
The average compensation for leadership executives at healthcare systems increased 3 percent in 2011 and hospitals increased nursing employment by 1.8 according to new survey results released by Integrated Health Strategies.
Walmart - the nation's largest retailer and biggest private employer - now wants to dominate a growing part of the healthcare market, offering a range of medical services from basic prevention to management of chronic conditions like diabetes and heart disease.
When Virginia Commonwealth University in Richmond, Va., implemented a new workforce management tool for its nursing units, the health system uncovered a hidden world of "haves" and "have-nots."
The healthcare employment engine rolls on. The industry continued to add jobs in October, increasing employment by 11,600 positions.
Representatives of skilled nursing facilities (SNFs) are estimating the SNF sector will potentially lay off 20,000 employees, will forgo the creation of 20,000 new jobs and will alter employee benefits as a result of the Medicare payment cuts that took effect on Oct. 1.
Absences account for 35 percent of every organization's annual payroll budget, said Colleen Daigle to an audience at the KronosWorks2011 conference in Orlando on Monday.
First-time applicants to medical school increased by 2.6 percent in 2011 to 32,654 students and total applicants increased by 2.8 percent to 43,919 according to the Association of American Medical Colleges.
The holiday bonus is a tradition both disdained and welcomed, by employers and employees alike, but in recent years, it has become more and more a memory.
New Jersey hospitals’ total economic activity reached more than $18.6 billion in 2010, an increase of about $40 million compared with 2009, according to the New Jersey Hospital Association.