The numbers speak for
themselves - hospital CEO
turnover increased in 2013,
tracking at 20 percent. This
is the highest rate reported
since ACHE began analyzing
these numbers in 1981.
According to ACHE, "The increase in the turnover rate may be indicative of a
combination of factors, including an increased number of baby boomers seeking retirement, the emerging trend toward consolidation in our industry and the complexity and amount of change going on in healthcare today." (Source). And high turnover isn't only limited to the top of the organizational ladder; it's pervasive at all levels of the healthcare provider administration.
For those employers turning
to search firms to fill these
roles, the choices are both
wide and varied, ranging from
single shingle industry or
functional specialists to large
global search firms. The variety of fee arrangements is also great, ranging from the traditional (charging a percentage of the employee's
first year salary) to the less
conventional (flat-fee project
fees, for example). When
selecting a firm focus on integrity, track record of
success, ability to discuss
and "consult" on your project,
and obtain an understanding
of who will conduct your
search to ensure accountability.
Retain the consultant under
contract and be prepared to
treat him/her as a partner.
Please note, don't select
just on price - it's too important
a project to only be driven by cost.