8 in 10 healthcare companies made bad hires in 2012

Nearly eight in 10 healthcare businesses admitted to making bad hiring decisions in 2012, according to a new survey from CareerBuilder. "Bad hires," as defined by the survey, included employees who produced low-quality work, didn't work well with others or had immediate attendance problems, according to a statement.

The top reason cited by healthcare hiring managers for sub-par recruiting was the need to fill an open position quickly, and most of the 276 survey participants estimated they paid a heavy toll for doing so. According to Healthcare Finance News, 39 percent of healthcare businesses surveyed estimated the cost of a single bad hire was more than $25,000, while 22 percent said it cost their organization more than $50,000.

To minimize the expense and frustration of bad hires, the most important step for companies is to take the time to go through a thorough hiring process, Jason Lovelace, president of CareerBuilder Healthcare, told HFN. "Speed will kill you," he said, adding, "an open position is better than a bad hire."

One strategy that may help hiring managers learn more about candidates quickly is to solicit video resumes, suggested Josh Tolan, CEO of video-based hiring network Spark Hire, in a recent column on Huffington Post. Getting to see candidates' on-camera personalities and communication skills may help root out individuals with negative attitudes (cited by 59 percent who said they made a bad hire) or who received complaints from customers (44 percent).

2012: Best Places to Work in Healthcare Sales

Over 1,600 medical sales professionals voted, and Medtronic is officially the Best Place to Work in Healthcare Sales. Last year’s winner, Johnson & Johnson, was a close second, with Stryker coming in third. 

These three healthcare companies were chosen most often from a list of Fortune 500 companies in the medical/pharmaceutical sectors. But voters also had the chance to write in their preferred company, and considering more than half of all respondents (55%) said they would prefer to work for a medium-sized company, it’s not surprising that many of them did. 

This year’s list of winners and honorable mentions features healthcare companies large and small, representing a variety of product specialties – much like the MedReps community itself. 

 Once again, the majority of survey respondents (56%) said they would prefer to work for a medical device or medical equipment company, so it’s no surprise that medical device companies came in strong overall. But when broken down by sector, the results get more interesting. 

 

For medical device and equipment, Medtronic was still the winner, but Stryker came in second and Johnson & Johnson third. This can be explained by the fact that many of the votes for J&J were cast by those seeking work in pharmaceuticals, biopharma, and medical supplies, as evidenced by the fact that Johnson & Johnson was voted the first choice for pharma and supplies/disposables, and third for biopharma. 
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