Guest Post by: Tim Giehll
– CEO, Bond Talent US and the co-author of “Human
Capital Supply Chains."
The Healthcare staffing
industry has always had its ups and downs over the past few years and with
revolutionary healthcare legislation on the horizon, it is hard to know how to
plan for the future. Aside from the whole legislative uproar, we do know
3 important facts that the Healthcare staffing industry needs to prepare for,
- As the Baby Boomer Generation eventually retires (even
though the recession has delayed some retirement plans), there will be a lot
more elderly people for the us (society) to take care.
- The “supply” of doctors and nurses will not be able to
keep up with the “demands” of this retiring BB generation.
- As we recruit and train more healthcare professionals, we
also need to find new ways for the Healthcare industry to become MORE
PRODUCTIVE!! For all the talk about electronic medical records, that
alone will NOT be enough to rebalance our “supply” of healthcare professionals
with the “demand” for healthcare services.
This is where the concept of
human capital supply
into the picture to help save the day.
Corporations have been
building and optimizing manufacturing supply chains for over three decades.
Companies like Dell and Wal-Mart are famous for leveraging supply chain
management techniques and technologies to better streamline supply with demand.
It’s time to refocus the Healthcare industry and apply the lessons learned from
optimizing production lines to optimizing our Healthcare workforce and
processes. Building a just-in-time human capital supply chain is a big
commitment, but one with the potential for big cost savings.
But how do healthcare
organizations get their arms around their total human capital spending and
estimate the value of implementing a human capital supply chain? My new book, Human Capital Supply Chains, provides the practical steps of designing and
implementing your own human capital supply chain. The book is structured as a “How
To” handbook for implementing and managing the new processes, technologies and
organizational roles that are required to create a successful human capital
supply chain. As we learned in manufacturing, establishing and managing a
supply chain not only reduces costs in the short-term, but the long-term tuning
of the supply chain can result in strategic advantages, advantages that will
define the most successful companies across industries in the years to come.
Tim Giehll is the CEO of Bond Talent US and the co-author
of “Human Capital Supply Chains” with The Code Works CEO Sara Moss. Tim lives in the
Minneapolis are and can be contacted at email@example.com.