Achieving Diversity on Senior Leadership Teams
Elizabeth and Timothy share their thoughts on diversity in senior leadership roles within their organizations. They both agree that it’s difficult to achieve the same level of diversity as Memphis, but they have been able to achieve a good balance across different positions. Elizabeth, who represents UI Healthcare, talks about how her organization has experienced high executive turnover in the past couple of years. She emphasizes that leaders should show courage in making crucial decisions and that people would still appreciate any decision, even if it’s not the most popular one. She also highlights the importance of succession planning when executives leave or retire from an organization.
Leveraging Strengths from Within an Organization
Executive leadership sometimes thinks that they need new perspectives and ideas from outside the organization, leading them to hire new people. However, it’s necessary to consider the strengths of current employees within the organization and how they can be leveraged. There’s a financial strain on non-profit-based healthcare organizations, leading to C-suite level attrition. Loyalty is now defined beyond just brand loyalty, and trust is the key to retaining executives.
Promoting Work-Life Balance for Succession Planning
People employed in healthcare generally enjoy a better work-life balance than those in other industries. It’s important for executives to model healthy behaviors and develop reasonable expectations for their team to promote a positive work-life balance. This will aid in succession planning since younger generations have different priorities. Consultants can also help bridge gaps and teach new skills to staff members.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to events@beckershealthcare.com
This panel was live on 04/04/2023 at the event listed here.
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