STOCK TITAN

HireRight Releases 2022 U.S. Healthcare Spotlight Report

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

HireRight (NYSE: HRT) released its 2022 U.S. Healthcare Spotlight Report, highlighting findings from over 200 healthcare professionals. The report reveals that 53% of respondents faced higher resignation rates, with 42% reporting prolonged job vacancies. Despite challenges in 2021, optimism for 2022 prevails, with 63% expecting workforce growth. Key recruitment strategies include utilizing Facebook, offering salary increases, and implementing effective background screening processes. Importantly, 51% discovered undisclosed criminal convictions during checks, above the North American average of 37%.

Positive
  • 63% of healthcare respondents expect workforce growth in 2022.
  • 58% of those expecting growth anticipate a workforce increase of 10-25%.
  • 67% plan to use Facebook for recruitment, exceeding North American averages.
  • 60% increased salaries or improved benefits for recruitment.
Negative
  • 53% experienced higher than expected resignation rates.
  • 42% reported job vacancies taking three to six months to fill.
  • 39% cited higher than normal new hire turnover rates.
  • 51% found undisclosed criminal convictions, raising concerns.

Over half of HireRight’s U.S. healthcare survey respondents found undisclosed criminal convictions during routine background checks last year

NASHVILLE, Tenn.--(BUSINESS WIRE)-- HireRight (NYSE: HRT), a leading provider of global background screening services and workforce solutions, announced today the release of its 2022 U.S. Healthcare Spotlight Report, based on responses from over 200 U.S. healthcare professionals who participated in HireRight’s 15th Annual Benchmark Survey.

The report shares information about respondents’ recruitment and background screening activity over the past year, as well as their attitudes toward remote working and predictions for its uptake by the start of 2023.

This year’s survey data found that over a quarter (28%) of U.S. healthcare respondents said the size of their workforce decreased in 2021, with many sharing the same recruitment challenges. Over half (53%) experienced higher than expected resignation rates, two-fifths (42%) reported job vacancies taking three to six months to fill, and two-fifths (39%) cited higher than normal “new hire” turnover rates.

However, the outlook for 2022 appeared to be far more positive, with almost two-thirds (63%) of U.S. healthcare respondents expecting to grow their company’s headcount in 2022 – and of those expecting growth, nearly three-fifths (58%) expected their workforce size to increase by 10-25% this year. In contrast, only 4% of respondents expected their workforce size to decrease in 2022.

The survey responses from U.S. healthcare professionals also revealed that:

  • Two-thirds (67%) plan to utilize Facebook for recruitment and over two-fifths (43%) plan to allocate budget for Facebook recruitment campaigns. Both figures are above the survey’s North America averages, which are 43% and 23% respectively.
  • Three-fifths (60%) increased salaries or offered new/improved benefits to drive recruitment last year. Over half (52%) offered incentives, such as sign-on bonuses, to help manage the competitive staffing environment.
  • Two-thirds (67%) said implementing their background screening provider with their applicant tracking system (ATS) was highly valuable/mission critical, with an additional 28% describing it as moderately valuable.
  • Just over half (51%) discovered previously undisclosed criminal convictions during routine background checks – the average from survey respondents across all industries in North America was 37%.
  • Just one-fifth (19%) plan to facilitate hybrid working after the pandemic, with nearly a quarter (23%) stating remote work is not possible in their business.

“Many industries took a hard hit at the start of the COVID-19 pandemic, but with a drop of around two million employees in early 2020, the U.S. healthcare industry was especially impacted,” said Mary O’Loughlin, Executive Vice President of Growth Verticals at HireRight. “While HireRight’s 2022 survey data shows that most U.S. healthcare organizations projected headcount growth this year, they will need to use the right mix of tactics, channels, and incentives – as discussed in this report – to ensure they get the right talent into their businesses, to support their future growth strategies.”

For more information and to download HireRight’s 2022 U.S. Healthcare Spotlight Report, please visit: www.hireright.com/healthcare-spotlight.

About HireRight

HireRight is a leading global provider of technology-driven workforce risk management and compliance solutions, providing comprehensive background screening, verification, identification, monitoring, and drug and health screening services. HireRight offers services via a unified global software and data platform that tightly integrates into its customers' human capital management systems enabling highly effective and efficient workflows for workforce hiring, onboarding, and monitoring. In 2021, HireRight screened over 29 million job applicants, employees, and contractors for its more than 40,000 customers around the globe and processed over 110 million screens. For more information, visit www.HireRight.com.

Investors:

Investor.Relations@HireRight.com



Media:

Monica Soladay

Media.Relations@HireRight.com

Source: HireRight

FAQ

What did HireRight's 2022 U.S. Healthcare Spotlight Report reveal about workforce trends for HRT?

The report indicated that 63% of U.S. healthcare respondents expect workforce growth in 2022, despite challenges like high resignation rates.

What challenges did healthcare professionals face according to the HireRight report?

Healthcare professionals reported high resignation rates (53%), prolonged job vacancies (42%), and increased new hire turnover (39%).

How many healthcare respondents found undisclosed criminal convictions in background checks?

Over half (51%) of respondents discovered previously undisclosed criminal convictions during background checks.

What strategies are U.S. healthcare organizations using for recruitment as per the report?

Organizations are increasingly using Facebook for recruitment, with 67% planning to implement this strategy.

HireRight Holdings Corporation

NYSE:HRT

HRT Rankings

HRT Latest News

HRT Stock Data

967.19M
67.35M
0.64%
98.27%
0.56%
Staffing & Employment Services
Services-business Services, Nec
Link
United States of America
NASHVILLE