Looking forward to a new year, along with new budgets and new or updated strategic plans, having a sense of what might happen in healthcare employment is important. That’s for two reasons. One is that trends can affect both attracting and attaining talent and therefore create immediate challenges for human resources.
The other reason is personal. The shifting needs of industry affect all the people in it. As a healthcare professional, you feel the eddies as well. The more you know what is happening, the better you might predict how to direct your career going forward.
Here are some of the top employment trends for the coming year.
Nurses are in hot demand
According to The Wall Street Journal, after some equilibrium in the industry over the last few years, the demand for nurses is heating up in a number of local markets. In those locations, wages and sign-on bonuses are rising. It seems to contradict national numbers, in which nurses’ wages are flat and there are enough new graduates to replace those retiring. But averages don’t matter if you’re in one of the locations where hiring is getting tough. Organizations hiring nurses may have to adjust budgets to woo candidates.
Pharmacists feeling the pinch
The market for pharmacists has turned on its head, as the Indianapolis Business Journal reports. A decade ago, new grads could pull down six-figure salaries and sometimes dictate terms. While there’s still a national demand for pharmacists, it’s the inverse of the nursing market. In some locations, there are more people than positions, or at least enough supply of help that the formerly fabulous opportunities are now good, which is a comparative drop. The analysis of one pharmacist suggests there may also be too many pharmacy schools and graduates after a period of expansion. Depending on the local market, an organization might find that it can begin to control compensation on this front.
Tech could become a problem
The healthcare IT market is projected to grow at 13.5 percent over the near future. That’s not surprising, given how much of industry reform has been cast as a future product of technology. But it presents a problem for organizations. Those in technology and IT haven’t typically seen healthcare as a particularly interesting sector to get into. That is changing, but not as fast as it needs to. Recruiting talent and teaching them the nuances and specific needs of healthcare will be a challenge. Managers and executives also need to improve their own knowledge of the possibilities and limitations of tech. To fall behind is to become less valuable to organizations, and that’s a hard hit to your career.
Are you interested in finding a rewarding and lucrative healthcare career that fits your individual strengths and interests? Find out how education can help you adapt to the changing healthcare landscape. American Sentinel University is an innovative, accredited provider of healthcare management degrees, including an MBA Healthcare and Master of Science Business Intelligence and Analytics.