This presentation provides in-depth information concerning the current and future trends of nursing with updated statistics about employment, education, occupational transitions and more. Colorful presentation, facts that pop and animation will keep your audience engaged.
The Nursing Labor Market: Demand, Supply, and Wages The Purpose of this Presentation To provide information concerning the current and future Nursing Labor Market: Supply, Demand and Wages • A Few Facts about Registered Nurses • The Surprising Facts about Demand • Current and Projected Trends in the • Nursing Shortage Does Not Currently Nursing Labor Market Guarantee Immediate Employment • Government Projections • The Job Market WILL Open Up • Job Market Today vs. Tomorrow • Labor Market Realities to Keep in Mind • Supply • 4 Factors that Affect RN Wages • Aren’t There Plenty of New Nurses? • Cumulative Wages of Nurses • Statistics Can Be Deceiving • RN Salaries Vary by Location • Comparing the Output of Nurses with • RN Earnings in Alabama Estimated Demand A Few Facts about Registered Nurses • Registered nurses (RNs) constitute the largest healthcare occupation, with 2.6 million jobs. • About 60 percent of RN jobs are in hospitals. Source: U.S. Bureau of Labor Statistics A Few Facts about Registered Nurses The three typical educational paths to registered nursing are: • Bachelor's Degree • Associate Degree, • Diploma From An Approved Nursing Program • Advanced Practice Nurses • Clinical Nurse Specialists • Nurse Anesthetists • Nurse-midwives • Nurse Practitioners Require a Master’s Degree Source: U.S. Bureau of Labor Statistics Current and Projected Trends in the Nursing Labor Market Government Projections This table shows how many RNs were employed in 2008 compared to how many are projected to be in the workforce by 2018. Projections data from the National Employment Matrix Change, Projected 2008-18 SOC Employment, Employment, Occupational Title Code 2008 2018 Number Percent Registered nurses 29-1111 2,618,700 3,200,200 581,500 22 NOTE: Data in this table are rounded. See the discussion of the employment projections table in the Handbook introductory chapter on Occupational Information Included in the Handbook. That’s quite a few nurses. But the change is not just in the amount, but in HOW they will be employed . . . Source: U.S. Bureau of Labor Statistics Job Market Today vs. Tomorrow This pie chart shows what industries currently employ the most RNs. Hospitals currently lead in employment but . . . Source: U.S. Bureau of Labor Statistics Job Market Today vs. Tomorrow THIS pie chart shows the future job markets for nurses. As you can see, hospitals will have down-sized. This is because the focus will be on primary care. Preventative care and home health care will increase. The main idea will be to keep people out of hospitals. This will create other employment opportunities for RNs. Source: U.S. Bureau of Labor Statistics The United States is projected to have a nursing shortage that is expected to intensify as baby boomers age and the need for health care grows. So naturally, we must be concerned about Let’s Start With Aren’t There Plenty of New Nurses? This chart paints an optimistic picture of new RN growth with more than 140,000 students passing the RN exam in 2009. With increasing numbers like this, it seems enough new nurses will enter the workforce. However . . . Statistics Can Be Deceiving Nursing school enrollment is not growing fast enough to meet the projected demand for RNs. 66% of applicants are not accepted into the programs. Disposition of Applications to Basic RN Programs, 2007-08 Not qualified 35% Accepted 39% Qualified not Accepted 26% Source: National League for Nursing Comparing the Output of Nurses with Estimated Demand The table below shows that currently, more RNs are being prod
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