New Graduates: Opportunities in Health Care 2013
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As the baby boomer generation ages and requires more health care, the industry itself must shift to meet these needs. Is your organization prepared for these challenges? ...

As the baby boomer generation ages and requires more health care, the industry itself must shift to meet these needs. Is your organization prepared for these challenges?

New research from CareerBuilder provides insight into the current labor market and growing new graduate talent pool.

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New Graduates: Opportunities in Health Care 2013 Document Transcript

  • 1. new GraduateS: opportunItIeS In health care 2013 BROUGHT TO YOU BY CAREERBUILDER HEALTHCARE talent SpotlIGht: reGIStered nurSeS Not all registered nurses are the same; in fact, the differences among them are significant. In today’s health care world, there is more demand for experienced RN’s than ever before, and, that demand is only growing Source: CareerBuilder Supply & Demand and Compensation Portal, July 2011 – June 2013 As the baby boomer generation ages and requires more health care, the industry itself must shift to meet these needs. Is your organization prepared for these challenges? As demand increases for quality candidates, many organizations are not tapping into the growing number of new health care graduates. The following statistics from CareerBuilder provide insight into the current labor market and growing new graduate talent pool. top health care poSItIonS addInG moSt JobS (2010 – 2013) Taking into account the past three years, it is clear to see where the labor market is heading in terms of demand for quality health care professionals. Source: EMSI Analyst Tool, July 2013 aGe of the current rn worKforce While the country faces an aging population shift, so is the industry. More than 50 percent of the nursing workforce is older than 45, with many contemplating retirement. Source: EMSI Analyst Tool, July 2013 19-21 years 22-24 years 25-34 years 24.2% 35-44 years 45-54 years 1.6% 32.3% 0.1% 18.0% 20.9% 2010 2013 Registered Nurses 4.9% growth Home Health Aides 13.8% growth Nursing Aides, Orderlies, and Attendants 2.7% growth Medical Assistants 5.4% growth Licensed Practical and Licensed Vocational Nurses 3.7% growth 3.0% 55-64 years 65+ years It’s no secret that good health care employees are increasingly hard to find, but new findings from CareerBuilder suggest they’re getting harder to hold on to as well. • Only 2 in 10 health care organizations are actually doing anything right now to prepare for the aging population shift. • 66 percent of employers say investments in training and education are necessary in order to deal with skills shortages. • 43 percent of employers say that relevant experience is the most important factor when evaluating an applicant. what employerS have to Say 2013 CareerBuilder Health Care Trends Report: The Care Crunch
  • 2. University of ST. Augustine for Health Sciences Ithaca College A T Still University of Health Sciences Temple University Texas Woman’s University Knowing where to look is the first step in filling those critical positions. New grads provide a ready and willing pool of candidates. Consider recruiting from the top schools for health care graduates. Snapshot: Top Institutions Graduating Physical Therapists 502 262 176 140 133 Does your organization really understand what influences a candidate’s decision to apply? Do you know the best places from which to source candidates? • 30 percent of traffic to MiracleWorkers.com comes from a mobile device.1 • 59 percent of candidates state a negative reputation will impact whether or not they would consider a particular employer. 2 The new candidate behavior Source: EMSI Analyst Tool, 2011 Degree Awarded, July 2013 1 Source: August 2013 MiracleWorkers.com site metrics 2 Source: 2013 CareerBuilder Health Care Trends Report: The Care Crunch Are budget cuts putting more stress on your workforce and increasing vacancies? Recruit new grads for entry-level jobs now and start adding others to your talent pipeline for future opportunities. Source: CareerBuilder Supply & Demand and Compensation Portal July 2011 – June 2013 Snapshot: Compensation Comparison for Medical Assistants Years of Experience Average 1-2 years $27,638 3-5 years $28,539 6-10 years $30,350 11-15 years $32,190 16-20 years $33,966 21+ years $34,919 Keeping pace with the increasing number of jobs, more individuals are pursuing careers in health care. For the past 10 years, programs for the more in demand positions have seen a steady growth in graduation rates. About the Data Data included in this report is proprietary to CareerBuilder and Economic Modeling Specialists, Intl. (EMSI), a CareerBuilder company. As noted in each section, data is compiled from multiple sources, including CareerBuilder’s 2013 Health Care Crunch Research Report, CareerBuilder’s Supply & Demand and Compensation portals, MiracleWorkers.com 2013 data, EMSI’s Comparability Index and EMSI’s Industry Snapshot Report for Health Care and Social Assistance. About CareerBuilder Healthcare CareerBuilder Healthcare, a division of CareerBuilder, partners nationally with hospitals, skilled nursing facilities, home health care and clinical organizations to provide access to the best talent responsible for delivering exceptional care. We use best-in-class analytics to help organizations develop strategies to attract and retain the health care talent necessary to move their organizations forward in any labor market. For more information about CareerBuilder Healthcare, call 877.280.6475 or email healthcare@careerbuilder.com. Graduation Rates 2003 - 2012 Source: EMSI Analyst Tool, July 2013 Finding the graduates Compensation Comparison New Graduates: Opportunities in Health Care 2013 88,482 193,528 6,617 10,038 8,415 13,752 2003 2012 Physical Therapy 52% change Pharmacy 63% change Registered Nursing 119% change