By: John Rossheim
Adapted from Talent Management that Taps the Semantic Cloud
With over 14 million jobs, healthcare is the largest industry sector in the US. One of the few areas to actually add jobs during the economic downturn, the Bureau of Labor Statistics projects the healthcare industry will continue to add jobs over the next decade.
According to Monster’s 2012 Healthcare Job Conditions Report, one of the primary drivers of this expansion is the aging population and related personal care services.
Coupled with this growth, healthcare organizations have complex, rapidly evolving hiring needs requiring integrated talent management systems that will support long-term success.
Healthcare Hiring Evolves
Today’s healthcare organizations, including hospitals and medical associations, often mine multiple talent pools in multiple locations and in varying formats, making it almost impossible to compare search results.
In contrast, a more efficient talent management system would evaluate the multifaceted skills and experiences within a resume and provides instant candidate matching and analysis against job requirements.
Until recently, incorporating semantic search into a talent management system has been prohibitively expensive.
Enter semantic cloud talent management.
Semantic cloud talent management fulfills the promise of integrated strategic planning by combining data from multiple internal and external sources.
“With SeeMoreTM, Monster’s semantic search and analytics platform, healthcare organizations can search resumes from all their databases, no matter where they’re sourced -- from Monster or other job sites, social networks, referrals, or ATS systems. It can even scan applications,” says Matt O’Connor, senior vice president, Monster.
O’Connor adds, “This cloud-based platform also incorporates Monster’s patented 6Sense® semantic search technology so the resulting matches are sorted and ranked with the best candidates on top -- a huge time saver for any staffing recruiter looking to place candidates fast.”
The results of a recent Monster survey of SeeMore customers found tremendous efficiency gains with using this cloud-based system: 70% of those surveyed felt that SeeMore reduced the time it took to search for resumes and more than 65% of those surveyed found candidates that they could not find before.
“Many ATS systems are just not equipped for precision search, putting pressure on healthcare organizations to sort through hundreds of resumes to find the proverbial needle in a haystack,” O’Connor says. Industry experts agree. “SeeMore makes sense of the thousands of resumes that lurk in every ATS,” wrote John Zappe from ere.net.
Competing for Top Talent
According to the BLS’ Career Guide to Industries, ten of the twenty fastest-growing US occupations are healthcare-related. These roles include registered nurses, home health aides, personal and home care aides, and nursing aides, orderlies and attendants. The BLS projects that registered nurses alone are forecasted to add over 500,000 roles by 2018.
With this extensive growth comes growing pains. Healthcare companies compete extensively for talent in their industry. Registered nurse and nurse manager accounted for thirteen percent of all healthcare related job titles posted on Monster.com from May 2010 to April 2011.
Other in-demand positions include physical therapists, licensed practical nurses (LPNs), nurse supervisors, patient care coordinators, and home health aides.
“Healthcare organizations need innovative solutions to meet their explosive growth needs,” says Pat Bruggeman, vice president of Healthcare Sales, Monster. “Healthcare recruiters need to use all possible channels, including online, social media, referrals, and school relationships.
The challenge, as Bruggeman sees it, is how to best manage these multiple talent pools. “Monster’s SeeMore allows healthcare companies to search all their databases concurrently so they can spend their time contacting candidates instead of performing database queries.”
Gaining Productivity Yields More Placements
The predictive potential of cloud-based talent management allows companies to also note skill gaps in their candidate pools. “You can look at undersupplied talents, such as critical care nurses or seasoned OR professionals, then address the shortfall with recruitment approaches to gain additional candidates,” says Javid Muhammedali, senior product director for SeeMore.
SeeMore’s talent dashboard provides in-depth analysis on the talent in all of a healthcare organization’s databases, including specific skills, experience, or location information. Easy to interpret graphs can help managers focus their recruitment efforts on gaps in their talent pools.
“The detailed information can help healthcare organizations focus their recruitment tactics,” adds O’Connor. “Information is power and speed to place is often the deciding factor in obtaining and fulfilling highly competitive talent needs.”
Welcome to best practices in today’s talent management arena. Welcome to the cloud.
Find out how SeeMore can improve your talent acquisition needs using 6Sense® semantic search:
Copyright 2012 - Monster Worldwide, Inc. All Rights Reserved.