"We are revolutionising healthcare sector by offering flexibility, technology, cost-effectivity, and scalability to the sector", says Co-Founder Jobizo, Avishek Agarwal

The pandemic led to the development of several B2C focused brands catering to a wide range of healthcare industry demands. However, none of them focused on the greater staffing difficulties that healthcare institutions face.

India currently has 5.76 million healthcare professionals and there is still a need for 2.4 million more. The Indian healthcare sector is expected to grow at 30% CAGR by 2030 and create 40 million jobs. Yet, the shortage is likely to increase to about 6 million professionals.
The cause of such massive shortage is largely attributed to the unstructured and costly nature of the sector. Healthcare professionals are currently grappling with inflexibility leading to burnout, lack of training, low pay, and forced migration to tier 1 cities. It has resulted in increased attribution, up to 40%. In fact, India currently only has 49% of trained personnel in its active workforce.

At the same time, healthcare institutes are also facing challenges in onboarding and retaining talent. It is primarily because of the lack of flexible online platforms, high recruitment timeline of up to three months, lack of thorough verification process and skyrocketing training costs. In fact, all of these factors could result in as much as 50% fixed costs in HR alone.

Talking about the same, Mr. Avishek Agarwal, Co-Founder and CEO of Jobizo, India’s first healthcare HRtech platform for a flexible workforce shares insights on revolutionising healthcare industry by providing on-demand, short-term employment solutions by leveraging cutting-edge technology.

“With Jobizo, we are streamlining the entire process by offering only a 6 days recruitment cycle, 70% reduction in recruitment cost, easy access to training, and 100% verified professionals. We aim to be a market leader in this segment by further offering healthcare professionals increased flexibility to choose their work days, up to 37% pay increase, and encouraging more professionals to join the active workforce.

“We are also witnessing a lot of turnover in the healthcare industry, with a 40-50% churn rate each year. There is a demand for more adaptability, and we aim to revolutionize the recruitment, timeline, and payment systems. We are overcoming the present challenges by offering mobility, flexibility, technology, cost-effectivity, and scalability to the sector”.

Speaking about the competition with traditional placement agencies, he shares, “Most hospitals still use traditional placement agencies because of the simplicity they offer. However, their methods are becoming outdated, lengthy, and expensive. Therefore, at Jobizo, we offer digital solutions that would help the industry reshape their hiring efforts by giving them access to our vast talent pool of verified professionals registered with us. More than 50 associated hospitals in places like Delhi, Bangalore, Hyderabad, Mumbai, and Kolkata are currently reaping the benefits of our services. Additionally, by year's end, we will have expanded our offerings to additional parts of the country”.

There has been increased investors' interest in HRTech verticals since 2017. Sharing his opinion on the same, he adds, “Indeed, there has been consistent growth in global VC deal activity in the sector, especially after COVID-19. In Q2 2022, the quarterly deal value in the HRtech space reached a record 4.3 billion USD worldwide. And we don’t expect it to slow down even amid the looming threat of a recession since healthcare is a less sensitive industry to economic downturns.

On being asked about the need for recruiting permanent employees that tend to be less expensive and more efficient, he states, “We have generated over 70,000 additional patient care hours since the launch of Jobizo in 2021. We help employers save 30–50% on their fixed hiring costs because they can hire only on an on-demand basis.

All of the professionals have undergone a thorough background check. Only once they have met the predetermined requirements can they begin to apply for various jobs posted on the platform. To further ensure service fulfillment, we have enabled features like GPS, live tracking, and a rating system. Also, if a candidate cancels a job confirmation three times in a row after the hiring process is done, they are immediately removed”.

Commencing his thoughts on the long-term vision they wish to achieve, Avishek says, “In the coming years, we expect healthcare to be redefined in terms of recruitment with cutting-edge solutions. It would not only allow healthcare institutions to save resources on onboarding new staff, but it would also lower their turnover rate”.

“We believe technology breakthroughs will continue to deliver new functions that will determine the future of healthcare in India. Healthcare institutions must begin to adjust to these developments. We anticipate that such growth and demand will continue in the future”.