As the healthcare landscape evolves, the demand for specialised healthcare professionals increases. According to the World Health Organisation (WHO), global healthcare spending is expected to reach a staggering $10 trillion by 2024 (Source: WHO). With challenges like an ageing population, technological advancements, and changing healthcare policies, the need for cost-effective and efficient recruitment strategies has never been more critical. Offshore staffing has emerged as a key solution, offering significant benefits to healthcare organisations worldwide. This blog explores the latest trends in offshore healthcare staffing and highlights how offshoring can help agencies navigate these challenges with secure, compliant, and cost-effective solutions.
The Growing Demand for Specialised Healthcare Professionals
The global healthcare sector is facing a perfect storm of challenges that are driving the need for offshore recruitment.
- Ageing Population and Talent Scarcity: The global population is ageing rapidly, leading to increased demand for healthcare services. However, the supply of healthcare professionals is not keeping pace. The Association of American Medical Colleges (AAMC) projects a shortage of up to 139,000 physicians by 2033, highlighting the urgent need to explore global talent pools (Source: Association of American Medical Colleges).
- New Technological Advancements: The rapid adoption of technologies such as telemedicine and AI in healthcare requires a workforce with specialised skills. The global AI in healthcare market is projected to reach $28.7 billion by 2024 (Source: Markets and Markets). Offshore recruitment allows healthcare organisations to tap into a broader pool of candidates with the necessary expertise, ensuring they remain competitive in a fast-changing environment.
- Changes in Healthcare Policy: The COVID-19 pandemic significantly strained the healthcare system, increasing the demand for healthcare professionals to manage the ongoing impact and future preparedness. (Source: Government UK) Hence, evolving healthcare policies are reshaping the recruitment landscape. Offshore staffing offers a flexible solution that can adapt to these changes, providing healthcare organisations with the agility they need to thrive.
Challenges in Healthcare Staffing
Despite the benefits, healthcare staffing faces several challenges that must be addressed to ensure sustainable solutions:
- High Turnover Rates: The healthcare sector is notorious for high turnover rates, which can disrupt continuity of care and increase recruitment costs.
- Widespread Staff Burnout: The demands of the job, exacerbated by the pandemic, have led to widespread burnout among healthcare workers, further complicating recruitment efforts.
- Recruitment Difficulties: Attracting and retaining skilled healthcare professionals is increasingly difficult, particularly in specialised roles where competition is fierce.
- Decreased Staff Retention Initiatives: Budget constraints have led to a reduction in staff retention initiatives, making it harder to keep talent within the organisation.
- Shortage of Qualified Workers: The shortage of qualified healthcare workers is a global issue, with many countries struggling to meet the demand for specialised skills.
Impact of Offshoring on Healthcare Staffing Budgets
The current economic climate has put immense pressure on healthcare staffing budgets. Rising operational costs, coupled with the challenge of filling specialised positions locally, have made offshore recruitment an attractive option.
- Cost-Saving Benefits of Offshore Recruitment: Offshore recruitment can significantly reduce labour costs, with potential savings of up to 70% in wages and salaries compared to local hires. (Source: Forbes) This cost-effectiveness is particularly valuable in specialised roles where local talent is scarce and expensive.
- Difficulty Filling Specialised Positions: The shortage of skilled professionals in areas like nursing and radiology makes recruitment challenging. Offshore staffing provides access to a global talent pool, ensuring a broader selection of qualified candidates.
Offshoring as a Solution
Offshore recruitment offers a viable solution to these challenges, providing healthcare organisations with access to a wider pool of qualified candidates at a fraction of the cost.
- Cost Reduction: Offshore recruitment can save up significantly in recruitment costs while maintaining quality standards. This is particularly beneficial for healthcare organisations facing budget constraints.
- Access to a Wider Pool of Candidates: Offshore staffing provides access to a global talent pool, ensuring a diverse and highly qualified workforce.
Conclusion
As healthcare organisations face increasing pressure to reduce costs while maintaining high standards of care, offshore recruitment offers a strategic solution.
In such a rapidly changing healthcare landscape, IMS People Possible is the trusted partner you need to fill critical roles and stay ahead of the curve.
By partnering with IMS People Possible, healthcare agencies can access a broader talent pool, achieve significant cost savings, and ensure compliance with the highest standards of security and regulation.
Want to know more about how IMS People Possible can assist with your offshore healthcare recruitment needs?
Visit https://imspeople.com/, or drop your query at info@imspeople.com.
