Perks associated with recruiting and relocating upper-level healthcare executives seem to be drying up, according to findings from a survey by MSA Executive Search.
It's possible that the pressure to cut costs and an inability to adjust benefits is hampering how organizations recruit leaders. Nearly 25 percent of healthcare human resource executives surveyed have lost a VP or C-suite candidate in the last 12 months due to concerns about relocating.
In 2010, 74 percent said they did not have to modify their standard relocation benefits package over the past 12 months to attract a new hire at the VP level or above vs. 62 percent in 2009.
Just 13 percent of respondents in 2010 said they were considering modifying relocation benefits in the next 12 months down from 34 percent in 2008.
The report called on organizations "to be creative and flexible in recruiting top executive talent." Respondents came from more 100 hospitals and health systems.
To learn more:
- read the full Integrated Healthcare Strategies report
- read the Beckers Hospital Review piece