Why Millennials will Dominate Nursing in the 2020’s

A new Analysis of the Health Affairs concludes that Millennials are choosing to become registered nurses at nearly twice the rate of Baby Boomers. Seeing that the average age of the nursing workforce in 2005 was 44 and Baby Boomers were retiring from the field spurred on the idea that a nursing shortage would become a reality.

The millennials embrace of the nursing industry still won’t necessarily prevent a nursing shortage from happening due to the Baby Boomers retiring.

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“Considering the acceleration in the retirement of the baby boomers and the stabilization of the entering cohort sizes among millennials, we expect the nurse workforce to grow 36%, to just over four million RNs, between 2015 and 2030, a rate of 1.3% annual per capita growth,” the authors write. “This is a rate of per capita growth similar to that observed from 1979 to 2000, but half the rate observed in the rapid-growth years of 2000-15.”

So why are the Millennials so eager for nursing jobs while the Baby Boomers retire?

Well, the profession offers a stable income with low unemployment rates and there are many opportunities for advancement and relocation. Which all seem attractive to millennials. The Baby Boomers, on the other hand, might be experiencing some feelings of regret on their decision of entering the nursing field. As discovered in a recent Medscape poll, about 1 in 5 nurses said that if they had a choice to go back in time, they would not make the same career choice again!

The Baby Boomers, on the other hand, might be experiencing some feelings of regret on their decision of entering the nursing field. As discovered in a recent Medscape poll, about 1 in 5 nurses said that if they had a choice to go back in time, they would not make the same career choice again!

It’s hard to tell whether the growing popularity of nursing will outweigh the rate of Baby Boomers retiring. It is clear that millennials will dominate the workforce in the 2020’s. Recently, the number of millennials entering the workspace has started to level off, predicting that there will only be a gradual growth over the next decade, however.

While nursing is gaining popularity, Hospitals need to find ways to increase workplace satisfaction in order to retain their current employees and prevent nursing shortages in the future.

Addressing problems like physician and clinician burnout due to the increase of administrative and regulatory tasks while providing nurses with more growth opportunities will go a long way in keeping employees happy.

 

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