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Last year, the Federal Trade Commission (FTC) issued a proposed rule to ban most noncompete agreements nationwide, with very limited exceptions. The sweeping rule forbids any contractual term between an employer and a worker that prevents the worker from accepting employment with a competitor or operating a competitive business after the conclusion of the worker’s […]
Employers have seen an enormous number of changes recently to various rules about how they manage their employee base. This includes a notice of proposed rulemaking by the Federal Trade Commission (FTC) in late 2023, sweeping memoranda from the National Labor Relations Board (NLRB), and final rules from the NLRB on joint employment. All of this is […]
The US jobs report for March 2024 offers some fresh insights into the state of the U.S. economy and, more specifically, the U.S. labor market. Released by the Bureau of Labor Statistics, it reveals a substantial addition of 303,000 nonfarm payroll jobs, with the unemployment rate remaining stable at 3.8%. Notable gains in health care, […]
The current circumstances around healthcare are forcing hospitals to take a hard look at consolidation, maybe more than ever before. Matt Heywood, CEO of Aspirus Health, is aware of that as much as anyone as the leader of a health system that just closed its own merger. Earlier this month, the Wausau, Wisconsin-based operator combined with Duluth, Minnesota-based St. […]
Compensation is not the only factor that nurses consider when choosing a health system. Benefits packages, workplace culture, safety, and flexibility all play a role in the decision-making process. CNOs should take a look at their health system’s offerings to make sure they are attractive to new nurses and that they are staying competitive in […]
For healthcare leaders, investment in technology right now requires more than just resources—it also demands patience and willingness to trust the process. As technology continues to evolve, so will organizations’ understanding of how it impacts the bottom line. For that reason, hospital CEOs must remain committed to investing in new technology for the long haul […]
It’s no secret that an engaged employee is more likely to stay at their place of work. That’s why CEOs understand the importance of fostering engagement among their staff, which increases an organization’s chances of retaining talent and cutting down on turnover. Retention remains a major challenge for leaders, with one in five workers who […]
Right now, it seems like every day there are new cases of workers striking or unionizing all across the country. Healthcare is no exception: nurses everywhere are going on strike. Nurses are frustrated, and the recent union activity is indicative of large, widespread problems in the nursing industry with staffing, work environment, and nurse wellbeing. […]
As burnout continues to weaken the workforce at hospitals across the country, CEOs must take action to create a sustainable environment for their employees. According to more than 20,000 physicians and more than 32,000 nurses surveyed for a KLAS Arch Collaborative report, improving staffing and aligning leadership with staff were the number one and number two […]
As workforce challenges continue to confound healthcare organizations, nearly one in five CEOs anticipate utilizing generative AI this year to cut down on staff, according to a survey by PricewaterhouseCoopers (PwC). However, PwC’s annual global survey, which interviewed 4,702 CEOs across the world, found that healthcare leaders are less likely to turn to generative AI than […]