Global Healthcare Resource Blog | All Things Revenue Cycle

Breaking Down The Costs Of Hiring New Employees | Healthcare

Written by Global Healthcare Resource | Jan 25, 2023 7:36:54 PM


Employers seldom quantify the time investment and costs associated with hiring a new employee outside of their salary and benefits. 

The current labor shortage and increasing turnover has added pressure to healthcare organizations' hiring efforts. The infographic below takes a deeper look at metrics surrounding time to fill, cost to train, benefits, break-even point and the cost of a bad hire. 

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