Nursing

Demand for nurses on the rise

Nurse Leader Insider, November 10, 2016

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The job market is warming up - increasing wages and sign-on bonuses for nurses are on the rise around the country.

The Wall Street Journal reports this week that nurses are leaving the workforce faster than they are entering it. Following the recession in 2008, many older nurses held off from retirement due to economic concerns, but as the economy has stabilized in the past few years, these nurses are starting to retire at an increased rate. Jane Englebright, the senior vice president and CNO for HCA holdings, told the Journal that facilities everywhere are experiencing a retirement wave. It looks like this might be just the beginning, as AMN Healthcare reports that almost two-thirds of nurses aged 54 or older plan to retire in the next three years.


While the reduction in staff might make nurse managers’ jobs more difficult, this does have a positive effect on the job market for experienced RNs. The Journal notes that facilities around the country are now offering higher wages and sign-on bonuses to attract nurses to their facility. States with the highest demands, like Texas, California, and Florida, have been offering signing bonuses as high as $10,000. Economists predict that this trend will likely continue as the nurse shortages hit New England and the West Coast over the next couple of years.
 

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