Healthcare Professionals: “You’re In Demand” — But what does that mean?
Here at Skillgigs, we think healthcare professionals are pretty stellar to begin with. But there are a lot of people and organizations grabbing at healthcare professionals because “you’re in demand.” But has anyone really pulled back some of the layers to explain what that means? Maybe we can help.
Focus on the data.
The U.S. Bureau of Labor Statistics (yes, it’s a real thing) releases monthly, public, reports giving great detail on job increases, losses, unemployment, industry trends and key role gaps. Staffing agencies and companies alike consume this information to help them determine their own hiring protocols, plans and salary adjustments. They even release an ‘Occupational Outlook Handbook’ which is loaded with career information resources. And the last time we checked the featured occupations they listed were nurse anesthetists, nurse midwives, and nurse practitioners.
Now that you know where we are citing from, this is what is going on. The latest projection of employment through the end of this decade (2020-2030) is an increase of nearly 12 million jobs. That means a total employment rate of 165.4 million jobs. What is shocking is that this forecast does take into consideration of the low employment rates in 2020 and still show favorable increases year over year. And amongst all groupings of job types, healthcare is projected to grow the fastest. But now we need to remember:
- By 2030, baby boomers will all be 65 years or older. With a large volume of the labor force entering into less productivity (aka retirement) it will affect participation rates for open jobs
- The labor force (those who are 16 years old and up) is expected to increase by 2030, but only to 169.6 million
So by 2030, there will be an assumed 165 million jobs for 169 million folks in the labor force with a big chunk of that volume exploring retirement years. In other words – the job market will be on your side.
Now let’s dig deeper into healthcare professionals.
Out of the nearly 12 million additional jobs, more than a fourth, 3.3 million to be exact, will go to healthcare and social assistance roles. Right now, there are those that have you believing that your demand is solely in the face of COVID-19. But these projections are holding true that this fast growth rate is due to the aging baby-boomer population, longer lifespans and overall increase of chronic conditions.
“Healthcare occupations and those associated with healthcare (including mental health) account for 7 of the 30 fastest growing occupations from 2020 to 2030. Demand for healthcare services, from both aging baby boomers and from people who have chronic conditions, will drive the projected employment growth.”U.S. Bureau of Labor Statistics
In other words – you are in demand because you fall into the fastest growing occupation category against a job market that will need more of you. And to be frank, there will not be enough supply to hit the demand.
Knowledge is power. And our recommendation? Use this as momentum to fill out the most robust profile you can within Skillgigs. Advocate for your most desired and honed skills. And then when all those bids come rolling in, take your time to review who has the best offer to meet your needs.
Use Skillgigs to balance the power equation between those who have it and those who deserve it, which is you and the companies who seek your unique skills.