Staffing Tactics Used to Cut Costs
Staffing Tactics Used to Cut Costs |
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Reduce hours |
Reduce salary |
Implement layoffs |
Use furloughs for physicians, staff, and/or owners |
Allow employees to work part-time to qualify for unemployment depending on the state |
Redirect providers to inpatient care (or other areas where there could be more demand) |
See more patients per day to make up lost revenue, cross-train and transfer staff to areas that have high demand and need extra support (eg, inpatient care) |
Omit physician bonus and incentive pay, and not pay hazard pay |
Pause contributions to retirement benefits |
Keep mid-level professionals (less expensive than experienced staff) |
Incorporate hiring freezes |
Offer voluntary time off without pay |
Direct employees to use paid time off |