Introduction
India is a country blessed with well-trained nurses, doctors, lab technicians, and researchers. Even with surplus manpower, why does the Indian healthcare sector lag so much? Why is there such a huge gap in the demand and supply of healthcare professionals with such a high attrition rate? We, a part of healthcare hiring need to delve deeper into this issue. It will help us understand their real grievances and make the adjustments to make the process smooth and attract more professionals.
Indian Healthcare lacks a transparent pay. As a result, our medical professionals are often overworked and underpaid. They have no idea of when and what pay they will receive. This poses a major issue on both sides – institutions and workers.
Why is pay transparency so important for healthcare recruiters?
Recruitment in general becomes very effective if payment is transparent. It fosters trust and improves the working of an organisation. Here are a few advantages a transparent pay brings with itself:
It attracts talented individuals.
In today’s competitive job market, candidates are very well informed about the market rates. Hence, they are more likely to apply for jobs that clearly state compensation details.
Builds trust:
In the presence of transparent pay, candidates and hiring recruiters tend to trust each other more as it is indicative of the organization’s fairness and integrity. This holds employees back from dropping out just for fear of unexpected salary discrepancies.
Enhances Employee Retention:
Healthcare institutions often find it very challenging to retain skilled professionals. Ensuring transparent pay gives their employees the satisfaction of fair compensation. As a result, they are more likely to remain long-term with the organisation.
Improves Organisational Culture in the Long Term:
Equitable and transparent compensation makes employees feel more valued. It boosts their morale and productivity. As a result, they are more dedicated to the organisation. In addition, this also leaves a positive message for the youth. They are more eager to work for an organisation that is fair and values their hard work.
Conclusion
At Jobizo, we are very proud to maintain very low attrition rates for all organisations we provide the workforce to. The main reason behind this is a transparent and efficient payment cycle. Apart from this, flexible work timings and good work-life balance also attract talented individuals to us. This is also of great benefit for the institutions as we make hiring easy for them, quickly fulfill their emergency requirements, and manage their employees while maintaining very low (nearly zero percent) attrition rates.
Thus, we conclude that transparent pay is an absolute necessity for healthcare workers in India and organisations should advocate for it and make it a reality for them.