In case you missed it, we had a great time co-hosting a recent webinar with symplr Contingent Talent Management’s (CTM) Manny Gagliardi and our very own alliance manager Jessica Voigt on the power of instant pay for your healthcare workforce. 

As the first integrated pay solution within symplr CTM, Branch offers healthcare staffing firms and other healthcare orgs a competitive edge with seamless ways to provide payments faster than the traditional bi-weekly pay cycle.  

If you missed the live webinar, we’ve highlighted three key takeaways from our talk around the need for more flexibility and how fast payments—and the symplr CTM x Branch integration—can deliver what today’s workers want. 

Read on to learn what we covered during this engaging 30-minute chat!

1. The need to retain top talent is more crucial than ever

According to a recent Gallup poll, job switching remains rampant across industries, with roughly half of U.S. employees actively seeking a new job. Healthcare in particular has had a challenging few years, with turnover rates consistently exceeding 26% since the pandemic. And by 2028, the U.S. healthcare worker shortage is expected to hit 100,000 workers.

It's clear that retaining top talent in healthcare has become a mounting crisis.

So how can you deliver what healthcare workers actually want? Zoom out to focus on how the needs of the U.S. workforce has changed over the last several years–and what today’s healthcare workers actually want from their career.

2. Faster access to pay is becoming a crucial benefit

In the wake of the pandemic, more clinicians switched to gig jobs like travel nursing or per diem work. This trend has underscored the need for all businesses—both W-2 and 1099—to offer more flexibility and control to clinicians. That’s why competitive pay has become so important to offer your workforce.

Competitive pay doesn’t just refer to the amount you pay your workers, but the speed and timeliness of those payments. The truth is, the traditional bi-weekly pay schedule has become outdated for many industries, but particularly the fast-paced world of healthcare, where clinicians have more options than ever for which platforms to pick up work. In order to stay competitive, your company will need to offer the incentive of faster access to earnings. (In fact, 92% of healthcare companies plan to offer real-time payments in the future!) 

3. Competitive pay always starts with time collection and approval

Being able to offer the competitive edge of fast payments always starts with time collection and approval.

Within the symplr CTM workforce portal, there are several easy ways to collect time and attendance, all of which are configurable by client, including geofenced punches, manual time entry, and time import.

Once you have time and attendance, you can go back in to determine what the hours should be and the rates on those hours. This takes time card reconciliation—especially for large clients—from something that might take two to three hours to get done down to five or six minutes within the CTM platform. 

When it comes to approving time and attendance, there are different methods you can choose from as well, including mobile digital signatures, uploading of signed timesheets, or timecard review and approval.

The symplr CTM x Branch integration makes it easy to collect and approve time and attendance—and then deliver faster access to earnings. Offering this option to clinicians can fulfill the desire for fast, flexible pay and help keep you competitive in the healthcare space as we look to the years ahead. 

In summary…

• Workers are asking for more, and companies need to listen to retain top talent and keep them happy.  
• Branch and symplr are looking to empower healthcare workers with more flexible payment solutions that can keep them happy and help you thrive. 
• The Branch x symplr CTM integration fits seamlessly into the existing symplr CTM, allowing you to enable faster payments at whatever cadence you prefer—whether that’s weekly, daily, or even after each shift. 

Our integration makes it super simple to sign up, onboard, and manage your workers, giving you the power of fast pay at your fingertips. When workers feel valued and can have faster, more flexible access to their earnings, everyone wins. 

‍Want to hear more fresh insights from our webinar? Listen to the full recording here!