Relocating caregivers with relocation technology improves attraction & retention.
Chicago, IL - April 19, 2023: Healthcare organizations are seeing unprecedented challenges with labor shortages, workforce attraction, and employee retention. With a shortage of local talent, there is also an increased demand on the relocation services supply chain and it’s estimated that moving costs have increased upwards of 15%. Recruiting out of area healthcare professionals and providing lump sum relocation benefits is now a core part of healthcare organizations’ hiring strategy; yet, this provides little to no support or resources to relocating staff.
In the Healthcare industry, relocation lump sums (or cash stipends) for early career or non-exempt positions tend to average between $5,000 and $7,500 and the amounts have not, and are not, expected to rise as most healthcare systems are focused on keeping costs low.
“It’s extremely challenging to move cross-country for the amount that most Healthcare systems are paying,” said Jeff Ellman, Co-Founder of UrbanBound. “With the hiring crisis we’re in today, it always amazes me how little support relocating staff receive when they are required to uproot their lives and move to a new community for their role”.