Talent Injection: Military-Connected Talent as a Workforce Solution for the Health & Life Sciences Industry – Healthcare Payors
Research
Overview
The healthcare industry has witnessed rapid growth in recent years, and healthcare payors are no exception. However, the aging workforce is retiring at a faster rate than employees can be replaced, creating a shortage of skilled workers within the healthcare payor industry. Given the right partnerships, education, and solutions, the industry has a strong opportunity to minimize talent shortages by tapping into the incredible talent pool of transitioning service members, veterans, and military spouses. This opportunity is predicated on the ability of myriad stakeholders to develop solutions and strategies that forge a more seamless relationship between the military-connected job seeker and healthcare payor employers.
Key findings included:
- A background in life-sciences is not required to enter the industry but sets job candidates apart
- Service to others is a common attribute between those working in health fields and the military-connected community, setting the environment for high job satisfaction for military-connected individuals
- There is a high demand for skills in data analytics
- Military-connected individuals are an educated, trained, ready, and willing talent pool primed to solve workforce challenges
- Understanding the transferability of credits and experience to identify career paths that match their current skills and certifications can be a pain point for transitioning service members
- Part-time and remote opportunities may appeal to military spouses facing frequent relocation and issues of childcare
- There are resources for the military-connected community and employers
