Workforce management and employment stability are important operational issues for healthcare organizations, particularly during the COVID-19 pandemic. These operational issues fall under the board of directors’ oversight responsibilities, which are heightened in times of crisis. On this episode of the Governing Health podcast, Michael Peregrine is joined by John Challenger, CEO of executive outplacement firm Challenger, Gray and Christmas, to discuss recent announcements from the Department of Labor (DOL) and Treasury Secretary Mnuchin on unemployment rates and the economic outlook for the United States as of May 2020. This episode explores:
- Overview of current unemployment rate – the highest recorded since the Great Depression – and job losses in healthcare (view DOL’s May 8 Employment Situation Summary here)
- Outlook for employment and economic recovery for the healthcare industry
- Impact of telemedicine on healthcare employment opportunities
- Workforce preservation considerations for boards
