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healthcare

employment
report
Q1, 2012

increasing by 29 percent and resulting in a projected 3. and pharmacy technicians. Steve McMahan EVP of Corporate Services.5 million new jobs by 2020. and the uncertainty of healthcare reform legislation. Professionals The outlook for the healthcare sector appears to be very bright for the foreseeable future. Moreover. In our own business. Coupled with the increasing need for experienced healthcare professionals. ICU registered nurses. the healthcare industry continues to deliver solid job growth month after month. we believe the sense of personal confidence in our latest employment report will only increase. Additionally. an overwhelming 80 percent of healthcare workers feel it is unlikely that they will lose their jobs. several other market dynamics are driving the tremendous growth within the healthcare market. and nearly one-third (31%) are likely to look for a new job in the next 12 months. Most importantly.000 jobs according to the Bureau of Labor Statistics (BLS). Not surprising. Based on the increasing need for healthcare services. Randstad’s Managed Services Program is ranked #1 in the world by Staffing Industry Analysts in Healthcare MSP and delivers significant cost savings for our clients every day. increasing by 29 percent and resulting in a projected 3.4 in the first quarter of 2012. hard-to-find talent to meet the needs of an ever-changing industry. healthcare and social assistance employment grew by 34. Randstad US. indicating positive confidence levels particularly when it comes to optimism in workers’ ability to find new jobs. we are seeing high demand for family practice physicians. Considering the challenge of managing fluctuations in patient census levels. In May. the Randstad Healthcare Employee Confidence Index. was 58.from the desk of Steve McMahan Employment in the healthcare profession is expected to grow nearly twice as fast as the general economy. many hiring managers continue to leverage temporary or contract healthcare professionals to fill short-term or immediate job needs. With more than $4 billion in spend under management today. nurse practitioners. healthcare organizations will need to focus on recruitment and retention of these highly-sought-after workers in order to maintain adequate levels of skilled talent to navigate this complex industry. healthcare reform. These trends require hospitals and nursing and residential care facilities to invest in skilled. and the increased emphasis on quality and patient satisfaction. hospitalists. Attributed as a main factor in driving economic growth. Employment in the profession is expected to grow nearly twice as fast as the general economy.5 million new jobs by 2020. including an aging population. our clients are in need of solutions that deliver cost savings. .

Further.healthcare industry insights healthcare employment report index Unemployment rate by occupation Randstad Healthcare employee confidence index Q1 2012 According to Staffing Industry Analysts. according to a recent online survey conducted by Harris Interactive on behalf of Randstad Healthcare. The newly launched survey of 4.randstadhealthcare. indicates positive confidence levels (above 50). 4 Source: Bureau of Labor Statistics and Staffing Industry Analysts experts powering healthcare | visit us online at www. healthcare workers. .com The Randstad Healthcare Employee Confidence Index. the healthcare staffing sector is projected to have one of the highest growth percentage increases out of all other industry segments.S.S. adults. among which 252 are employed in the healthcare industry.341 U. particularly when it comes to optimism in workers’ ability to find new jobs and in the future of their current employers. was 58.4 in the first quarter of 2012. a measure of overall confidence among U. several occupations within the healthcare field are amongst some of the most highly skilled jobs with the lowest unemployment rates. at 7% from 2012 to 2013.

randstadhealthcare.com 47% confident in employers’ future 66% feel neutral about employers’ future not confident in employer’s future 19% 15% When asked about the future health of their employer. 6 experts powering healthcare | visit us online at www.macroeconomic confidence personal confidence Strength of economy Ability to find a new job Nearly half of healthcare workers believe that the strength of the economy is staying the same. the majority of those surveyed revealed they feel confident. 49% 24% 27% Majority of healthcare workers expressed optimism in their ability to find new employment 60 58% 50 Healthcare workers believe the economy is: 40 Healthcare workers are: 30 getting stronger confident staying the same feel neutral getting weaker do not feel confident 20 Job availability 10 31% 10% 0 Future of current employer Healthcare workers: Healthcare workers believe: more jobs are available 35% the same amount of jobs are available fewer jobs are available 18% Nearly half of healthcare workers believe that fewer jobs are available. .

com This survey was conducted online within the United States by Harris Interactive on behalf of Randstad Healthcare from January 9-11 & February 15-17 & March 13-15. Three key indices are measured: the Randstad Healthcare Job Security Index. which captures how likely respondents think it is that they will lose their job or that their job will be eliminated in the next 12 months. the Randstad Healthcare Job Transition Index. About the Randstad Healthcare Employment Report This quarterly Randstad Healthcare Employment Report provides a snapshot of the latest workforce trends across the country. healthcare administrators. 2012. with each score ranking on a scale from 0 (no confidence) to 100 (complete confidence). These four scores are then averaged to indicate an overall level of employee confidence. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. which included physicians. and their ability to find other employment. For each component item a ‘score’ is calculated by taking the difference of the percentage of positive responses and the percentage of negative responses. and the Randstad Healthcare Employee Confidence Index that measures employees’ overall confidence in the economy. their employer. yet half are reluctant to search.U. . as well as other healthcare professionals. among 4. job security & transition index Job transition Methodology 51% 31% When asked how likely you are to look for a new position within the next year.randstadhealthcare. which captures how likely respondents are to look for a new job in the next 12 months. Healthcare workers are: 18% likely to look for new employment neither likely nor unlikely to job search not likely to begin searching for new employment Likelihood to lose job 80% Healthcare workers feel they are: likely to lose their job neither likely nor unlikely to lose their job not likely at all to lose their job An overwhelming 80% of healthcare employees feel it is unlikely that they will lose their job. 8 about the report 8% 12% experts powering healthcare | visit us online at www.S. The Employee Confidence Index is calculated from the results of four components that reflect these aspects of employee confidence. nearly a third of workers indicated a desire to do so.341 adults ages 18 and older of which 252 are employed in healthcare. A reading above 50 indicates a positive confidence level.

case management. all-inclusive healthcare staffing partner. allied health. clinics. For more information. insurance companies. and Fortune 500 10 companies. came together to form a market leading.. From large hospital systems and rural medical centers.randstadhealthcare.randstadhealthcare.com .about Randstad Healthcare we are experts powering healthcare visit us online to see how: www. Randstad Healthcare has been matching healthcare professionals with career opportunities at America’s top healthcare facilities for over 25 years. Join in on the conversation! We are on: experts powering healthcare | visit us online at www.randstadhealthcare. and vendor managed services. nurses. Together.com. please visit www. Randstad Healthcare offers full-service staffing capabilities. advanced practice. Clinical One and Locum Medical Group. including physicians.com.S. About Randstad Healthcare Randstad Healthcare. was formed in 2012 when two leading healthcare providers. to physician groups. one of the largest healthcare staffing firms in the U.