Industry Partnership Grant Awarded!
The Bluegrass Workforce Investment Board (BGWIB) received one of three industry partnership grants awarded by the Kentucky Workforce Investment Board. The grants were awarded to industry partnerships that are comprised of a consortium of employer representatives, and where possible, employee associations, organized labor, and representatives from workforce. (Read the full story.)
PWC: "...LACK OF CAREGIVERS THREATENS TO FLAT-LINE HEALTHCARE..."
In an economy that should have stabilized turnover, the RN turnover is 13%, forecasted to rise to 20% (New York University) and hospitals are now reporting “...although staffing seemed flush, we now have push back... and find vacancies are creeping-up due to the naturally returning census, with elevated acuities and to be acerbated by Health Reform...." According to the NLN, "Large nursing shortages are still forecasted as Baby Boomers need more care and 30 million additional people get insurance in 2014. ... When the economy improves a wave of retirements is expected. ... this could be catastrophic for the healthcare system". "... Nursing is dominated by aging boomers who are going to retire, then we are looking at massive shortages;" (Washington Post, June 14, 2010) (Daily Dose July 14, 2010)
According to Prof. Buerhaus of Vanderbilt University, "Moving into the near future... nationally, a very large shortage of nurses..., 300,000 exists ... and that does not account for... the newly created jobs, nor those needed due to Reform. Those are knockout numbers;" that could reach 1.1 million. (HRSA) "It's enough to do significant interruptions to the healthcare system and potentially even render it inoperable.... New nursing graduates must be kept in the profession through the recession so projected shortages aren't even worse". ((Buerhaus), (USA Today, July 7, 2010)); which may be possible if ithe 37% of GNs who, after only 1-year, are already considering to change professions occurs. (Hodes) According to PricewaterhouseCoopers, "If the shortage is not addressed, the lack of trained caregivers threatens to flat-line healthcare reform...starting 2014. The number of nurses in the country is projected to begin decreasing after this year." (Dallas Morning News, July 14, 2010)
THE RECESSION HIDES A NURSING SHORTAGE?
ANA reports that the US BLS estimates that RNs will have the greatest absolute increase of jobs through 2018.... They project an increase of 582,000 jobs for nurses, a 22% increase... This growth, coupled with aging nurses (40% achieving age 50+ in 2010) and current hidden trends due to the economy, and of nurses retiring or leaving the profession and fewer new nurses, will return the nursing shortage quickly, as the economy improves. HRSA also forecasts a shortage of more than one million nurses by 2020. (ANA Workforce Issues; HRSA, BLS)