Randstad - Healthcare Employment Report - Q1 2012

7/23/2019 Randstad - Healthcare Employment Report - Q1 2012

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healthcare

employmentreportQ1, 2012



Employment in the healthcareprofession is expected to grownearly twice as fast as the generaleconomy, increasing by 29 percentand resulting in a projected 3.5million new jobs by 2020.

Steve McMahan

EVP of Corporate Services, Randstad US, Professionals

The outlook for the healthcare sectorappears to be very bright for the foreseeablefuture. Attributed as a main factor in drivingeconomic growth, the healthcare industrycontinues to deliver solid job growth month

after month. In May, healthcare and socialassistance employment grew by 34,000 jobsaccording to the Bureau of Labor Statistics(BLS). Employment in the profession is

expected to grow nearly twice as fast as thegeneral economy, increasing by 29 percentand resulting in a projected 3.5 million new

jobs by 2020.

Coupled with the increasing need forexperienced healthcare professionals, ourclients are in need of solutions that delivercost savings. With more than $4 billion inspend under management today, Randstad’sManaged Services Program is ranked #1 inthe world by Staffing Industry Analysts inHealthcare MSP and delivers significant cost

savings for our clients every day.

Additionally, several other market dynamicsare driving the tremendous growth within

the healthcare market, including an agingpopulation, healthcare reform, and theincreased emphasis on quality and patientsatisfaction. These trends require hospitalsand nursing and residential care facilities toinvest in skilled, hard-to-find talent to meetthe needs of an ever-changing industry.

Considering the challenge of managingfluctuations in patient census levels, andthe uncertainty of healthcare reformlegislation, many hiring managers continueto leverage temporary or contract healthcare

professionals to fill short-term or immediate job needs. In our own business, we are seeinghigh demand for family practice physicians,hospitalists, ICU registered nurses, nursepractitioners, and pharmacy technicians.

Not surprising, the RandstaEmployee Confidence Indexthe first quarter of 2012, inconfidence levels particularcomes to optimism in work

find new jobs. Moreover, a80 percent of healthcare wunlikely that they will lose nearly one-third (31%) are

a new job in the next 12 m

Based on the increasing neservices, we believe the senconfidence in our latest emreport will only increase. Mhealthcare organizations won recruitment and retentihighly-sought-after workermaintain adequate levels onavigate this complex indu

from the desk of Steve McMahan



4 experts powering healthcare | visit us online at www.randstadhealthcare.com

Randstad Healthcare employee confidence indexQ1 2012

healthcare industry insights

Unemployment rate by occupation

healthcare employment report inde

According to Staffing IndustryAnalysts, several occupationswithin the healthcare field areamongst some of the mosthighly skilled jobs with thelowest unemployment rates.Further, the healthcare staffingsector is projected to have

one of the highest growthpercentage increases out of allother industry segments, at 7%from 2012 to 2013.

The Randstad HealthcareEmployee Confidence Index, ameasure of overall confidenceamong U.S. healthcare workers,was 58.4 in the first quarterof 2012, according to a recentonline survey conducted by HarrisInteractive on behalf of RandstadHealthcare. The newly launchedsurvey of 4,341 U.S. adults, amongwhich 252 are employed in thehealthcare industry, indicatespositive confidence levels (above

50), particularly when it comesto optimism in workers’ ability tofind new jobs and in the future oftheir current employers.

Source:

Bureau of Labor

Statistics and Staffing

Industry Analysts

http://www.randstadhealthcare.com/





0

10

20

30

40

50

60 58%

19% 15%

66%35%47%

Job availability

personal confidence

Ability to find a new job

Future of current employer

macroeconomic confidence

Strength of economy

Nearly half of healthcareworkers believe that thestrength of the economy

is staying the same.

Nearly half of healthcareworkers believe that fewer jobs are available.

When asked abhealth of their emajority of thosrevealed they fe

49%27%24%

Majority of healthcareworkers expressed optimismin their ability to find new

employment

31%

1

18%

Healthcare workers believe theeconomy is:

getting stronger

staying the same

getting weaker

Healthcare workers:

confident in em

feel neutral abo

not confident i

Healthcare workers are:

confident

feel neutral

do not feel confident

Healthcare workers believe:

more jobs are available

the same amount of jobsare available

fewer jobs are available




http://slidepdf.com/reader/full/randstad-healthcare-employment-report-q1-2012 5/68 experts powering healthcare | visit us online at www.randstadhealthcare.com

This survey was conducted online within theUnited States by Harris Interactive on behalfof Randstad Healthcare from January 9-11 &February 15-17 & March 13-15, 2012, among4,341 adults ages 18 and older of which 252

are employed in healthcare, which includedphysicians, healthcare administrators, aswell as other healthcare professionals. Thisonline survey is not based on a probabilitysample and therefore no estimate oftheoretical sampling error can be calculated.

About the Randstad HealthcareEmployment Report

This quarterly Randstad HealthcareEmployment Report provides a snapshotof the latest workforce trends across thecountry. Three key indices are measured:

the Randstad Healthcare Job Security Index,which captures how likely respondentsthink it is that they will lose their job or

that their job will be eliminated in thenext 12 months; the Randstad HealthcareJob Transition Index, which captures howlikely respondents are to look for a new jobin the next 12 months; and the RandstadHealthcare Employee Confidence Index thatmeasures employees’ overall confidencein the economy, their employer, and theirability to find other employment. TheEmployee Confidence Index is calculatedfrom the results of four componentsthat reflect these aspects of employeeconfidence. For each component item a‘score’ is calculated by taking the difference

of the percentage of positive responsesand the percentage of negative responses.These four scores are then averaged to

indicate an overall level of employeeconfidence, with each score ranking ona scale from 0 (no confidence) to 100(complete confidence). A reading above50 indicates a positive confidence level.

about the report

Methodology

U.S. job security & transition index

Job transition

When asked how likelyyou are to look for anew position within thenext year, nearly a third

of workers indicated adesire to do so, yet half arereluctant to search.

An overwhelming 80% ofhealthcare employees feel itis unlikely that they will losetheir job.

Healthcare workers are:

likely to look for new employment

neither likely nor unlikely to job search

not likely to begin searching for newemployment

31%18%

51%

Healthcare workers feel they are:

likely to lose their job

neither likely nor unlikely tolose their job

not likely at all to lose their job

Likelihood to lose job

8% 12%

80%






About Randstad HealthcareRandstad Healthcare, one of the largesthealthcare staffing firms in the U.S., wasformed in 2012 when two leading healthcareproviders, Clinical One and Locum MedicalGroup, came together to form a marketleading, all-inclusive healthcare staffingpartner. Together, Randstad Healthcare hasbeen matching healthcare professionalswith career opportunities at America’s top

healthcare facilities for over 25 years. Fromlarge hospital systems and rural medicalcenters, to physician groups, insurancecompanies, clinics, and Fortune 500

about Randstad Healthcare

companies, Randstad Healthcare offersfull-service staffing capabilities, includingphysicians, nurses, advanced practice, casemanagement, allied health, and vendormanaged services.

For more information, please visitwww.randstadhealthcare.com.

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Randstad - Healthcare Employment Report - Q1 2012

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