Apr 8, 2022
The Hidden Costs of Traditional Recruitment
Traditional healthcare recruitment often comes with hefty price tags that aren't immediately obvious:
Time-to-Fill Costs: Every day a position remains unfilled is a day of lost productivity and potential patient care.
Agency Fees: Traditional agencies often charge 20-30% of a candidate's first-year salary.
Internal Recruitment Overhead: In-house recruitment teams require salaries, benefits, and ongoing training.
Turnover Costs: Poor hires lead to high turnover, which can cost up to 213% of an employee's salary, according to a study by American Progress.
Urrly's Cost-Effective Solution
Our AI-powered approach tackles these costs head-on:
Reduced Time-to-Fill: Our AI Talent Engine works 24/7, reducing average time-to-fill by 50%. For a hospital filling 100 positions a year, this could mean millions in saved productivity.
Lower Fees: We charge just 7-10% per hire, less than half the cost of traditional agencies. On a $100,000 hire, that's a saving of at least $10,000 per position.
Streamlined Internal Processes: Our AI automates many administrative tasks, reducing the need for large internal recruitment teams. One client reduced their recruitment team from 4 to 1, saving over $200,000 annually in salaries and benefits.
Improved Retention: Our precision matching leads to better cultural fits and increased job satisfaction. We've seen clients improve first-year retention rates by 25%, significantly reducing turnover costs.
Case Study: Regional Healthcare System Saves Millions
A regional healthcare system with 500 annual hires implemented Urrly's solution with dramatic results:
Reduced time-to-fill from 60 to 30 days
Saved $1.5 million in agency fees
Improved quality of hires, leading to a 20% reduction in first-year turnover
Total estimated savings: $4.2 million in the first year
Beyond the Numbers: The Quality Factor
While the cost savings are impressive, the impact on quality of care is equally significant. Faster hiring of better-fit candidates means:
Reduced staff burnout
Improved patient-to-staff ratios
Higher patient satisfaction scores
The Urrly Difference: Technology with a Human Touch
Our AI Talent Engine doesn't replace human judgment; it enhances it. By automating time-consuming tasks, we free up healthcare HR professionals to focus on strategic initiatives and building meaningful relationships with top candidates.
Conclusion: A New Era of Healthcare Recruitment
The healthcare industry can no longer afford to rely on outdated, costly recruitment methods. Urrly's innovative approach offers a path to not just cost savings, but to improved patient care through better, faster hiring.
Ready to transform your healthcare recruitment process and see significant cost savings? Contact Urrly today for a personalized cost-benefit analysis. Let's build a healthier future, together.