...

As Baby Boomers retire, the health care workforce is about to undergo a unique change. Boomers are the 78 million people born in the United States between 1946-1964 and make up a large portion of the workforce. A Boomer turns 50 every 7.6 seconds and 76 million of them will retire by 2030 (Robert Wood Johnson Foundation, 2006). The health care industry is even more challenged because we are dealing with human lives. And many of us are concerned about the future as we age. One of the concerns impossible to ignore is who will care for us?

Workforce projections continue to show imbalances between supply and demand. The growth in the demand for health occupations is twice that of non-health occupations, resulting in the need for more than 4.3 million health professions workers to fill the job openings created by departures and new positions between 2004-2014 (U.S. Bureau of Labor Statistics, 2005).

The Robert Wood Johnson (2006) study indicates that over 6 in 10 health care leaders believed that expected retirements over the next 5 years would cause a talent gap or "brain drain" in their organizations. Only 29.8% of...

NOTE: All illustrations and photos have been removed from this article.



Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.