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How Will the Recession Affect Nursing Employment?

How Will the Recession Affect Nursing Employment?

John Rossheim | Monster Senior Contributing Writer

Downturn to Put Downward Pressure on Salaries

The economic collapse that began in late 2008 may have a number of additional effects on healthcare job opportunities. For example, insurance companies that need to control healthcare costs might be tempted to cut case managers who work with employees of client companies, Ferguson says. “But ensuring that patients are tended [to] properly is actually a financial benefit for the company,” he says.

Despite the squeeze on healthcare spending, experienced healthcare professionals may find that if they do search for a new employer, they may be in great demand. “In this troubled economy, it can be hard to hire people, because they don’t want to risk going to a new employer,” says Jim Maestretti, director of compensation and talent acquisition at Regence, a nonprofit health insurer.

In the long term, the difficult economy is likely to exert downward pressure on healthcare pay. “Reimbursements are going to go down considerably, so healthcare professionals have to be concerned about their salaries,” says Levi Buck, CEO of Pacer Health Staffing.

Another potentially critical development for healthcare workers in 2009 and beyond: Reform. Fixing the broken healthcare system is a high priority of the new administration. “I see major reform ahead, with coverage expanding for the uninsured,” Buck says. “As more people gain access to healthcare, there will be fewer health professionals per capita, so the worker shortage will increase dramatically.”

This article was originally published on Monster.com.

Next: How to Find Nursing Jobs in a Recession >>


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  • Photo_user_blank_big

    ValenS

    almost 3 years ago

    2 comments

    Why, oh why is it always nursing numbers that are scrutinized when cuts are having to be made? Why not take a really good look at the staggeringly, top heavy management tiers within the NHS? Cutting some of these inane, totally worthless administration posts would financially make more sense; managers earn far more than nurses! And what about the duplication of all management posts within Primary Care -by getting rid of a whole layer of managers in every PCT it would save the NHS a fortune! These administrators only make a mockery of 'patient-focused' care or 'death with dignity' or 'compassion in nursing' by their inept, paycheck loans wasting decisions that only ever impact negatively on both patients and staff. Cut their jobs and it's a win/win situation - save money and lose pointless people whose only function is to attend meetings! Genius!!!!!!

    However, if the NHS is looking to cut clinical nursing jobs, after nearly 35 years in nursing I could be persuaded to go for a very favourable redundancy package....

    .....and then return working for more money back-filling the post left vacant by my redundancy!!!! Don't laugh, it will happen that way - my experience tells me so!!!

  • Photo_user_blank_big

    paputoto

    over 5 years ago

    2 comments

    WE just dont know when is this going to affect everyone but nurses from my country are still keen and interested to get their dreams. Were still hoping this will not be detrimental to our working visa applications which are still pending for more than a year now.

  • Photo_user_blank_big

    ivy_RN

    almost 6 years ago

    2 comments

    USCIS should do something about this problem.... I believe the patient nurse ratio right now is not appropriate to deliver proper health care programs. Visas should be released for the qualified nurses from different or foreign nationals.

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