Healthcare Career Information: Opportunities, Trends, and Challenges

Transcription

1 Healthcare Career Information: Opportunities, Trends, and Challenges Cameron Macht Minnesota Dept. of Employment and Economic Development Regional Analyst Central & Southwest Regions (320) ext

2 What do you want to do? Some people know exactly what they want to do, other people have no idea Deciding on a career isn t easy! Many people switch jobs many times (every 2 years) Career planning is serious business Take advantage of people who want to help, including: parents, friends, teachers, guidance counselors, etc. Career information is everywhere! CSI: St. Cloud

3 Start Exploring Explore online resources including Minnesota Careers, ISEEK, MnSCU Health Education, Minnesota Dept. of Health (MDH), Office of Rural Health, Learntocare.org Take assessments to explore your interests Compare your interests, skills, education, & experiences to occupational descriptions List the possible options Try to select FIVE Explore specific data on the options you selected

4 How to take an online assessment Go to Click on Occupation Sort Click on Select Factors Select up to 15 factors Click on Continue This tool chooses the best occupational match by a process of elimination Art Directors Business Executives Chiropractors Computer & IS Mgrs. Medical Scientists

5 How to take an online assessment Go to Click on explore careers Click on Career Assessments Click on ISEEK Skills Assessments Click on Continue Click on rate all skills at once You re not ranking how good you are, you re ranking how important using a specific skill is

6 How to use an online assessment Click on Show Career List Careers are listed in order of how well they matched your skill selections Click on each job link to learn more about it Not every occupation will be enticing: Sales Representative Remember that skills are just one piece of the larger career exploration puzzle

7 How to use an online assessment Go to Scroll down, click on Skills Profiler Click on Search without an occupation Select Skills Rate Skills Select Activities Your Skills Profile View Occupations Matched By Skills Pol. Science Teacher Sociologist Anthropologist

8 What Will You Find? A vital, growing industry with many great job and career opportunities Advanced skills that are in high demand across the state and the nation Good wages and benefit packages Flexible schedules and job training Loan Forgiveness Programs! A chance to care for people and make a difference in their lives

9 Recession Proof? Based on the number of jobs, Healthcare & Social Asst. is now the largest industry in the state (382,769 jobs) Even in a shaky economy, Healthcare s share of total employment continues to increase Easily the fastest growing industry from 2001 to 2006 The Healthcare industry is sometimes called recession proof The Healthcare industry grew 17.7 percent, adding 57,626 jobs between the start of the 2001 recession and 2006 Over the same time period, total nonfarm employment grew 2.2% in Minnesota

10 Vital Growth Health Services added 40,611 jobs in Minnesota from 1991 to 2000; added 69,451 from 2000 to 2006 From 2000 to 2006, Healthcare & Social Asst. added +35,677 jobs in the Twin Cities and +8,830 jobs in Central Minnesota 38 percent of total job growth in Central MN (+23,112 jobs) +2,087 new jobs in Ambulatory Health Care Services (9,311 jobs) +2,338 jobs in Hospitals (12,505) +2,008 jobs in Nursing & Res. Care Facilities (11,897 jobs) +2,396 jobs in Social Asst. (5,807) Job Growth, Central MN Twin Cities 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Amb. Healthcare Svcs. Hospitals Nursing & Res. Care Social Asst. Total, All Industries

11 Growth Projections Many of the top industry sectors adding the most jobs in Minnesota over the next ten years are in the Healthcare industry Industries Adding the Most Jobs, Minnesota, Estimated Employment Projected Growth Percentage Projected Employment 2014 Numeric Growth Healthcare & Social Assistance 326, % 420,100 93,736 Ambulatory Healthcare Services 106, % 145,600 38,622 Nursing & Residential Care Facilities 84, % 107,700 22,763 Hospitals 82, % 98,000 15,761 Offices of Physicians 58, % 80,000 21,702 Residential Mental Health Facilities 26, % 38,000 11,476 Individual & Family Services 29, % 40,000 10,934

12 Supply & Demand Demand for healthcare services is rapidly increasing Aging population (baby boomer generation) Growing awareness of health issues Technological changes in the field National healthcare spending rose 6.8% in 2006 (6.9% in 2005) Health spending is projected to reach $4.1 trillion in 2016 (19.6% of GDP) Supply of healthcare workers is not keeping pace Registered Nurse population is older than average The national average RNs were 42 years of age in 2000 Nursing schools have limited enrollment Lack of programs and teachers to train enough students National shortfall is expected to be 810,000 by 2020 July 2002 report from US Dept. of Health & Human Services

13 Labor Shortage The problem is also occurring in Minnesota Registered Nurses (RNs) represent the largest healthcare occupation in the State of Minnesota; and the fourth largest occupation overall There are an estimated 49,580 licensed RNs in Minnesota On average, RNs in MN are three years older (45.3 years) than the US High retirement rate among current nurses (15% or 8,000) January 2003 MN Dept. of Health RN Workforce Survey There are an estimated 28,240 nursing aides, orderlies, and attendants (includes CNAs) There are 23,750 home health aides There are 18,870 licensed practical nurses (LPNs)

14 Turnover & Retention Turnover is a critical labor force issue in the industry The turnover rate for health practitioners & technical occupations is below the average for all occupations In contrast, the turnover rate for healthcare support occupations is significantly higher than the average of all occupations Hospitals and nursing homes are scrambling to find a solution to their staffing issues Not only struggling to attract people for new positions, but they also must replace retiring workers Occupational factors are also taking their toll Long hours and shift work; 24/7 demand of healthcare Stressful job requirements or working conditions Lower wages in healthcare support occupations Increasing variety of alternative job opportunities for women

15 Growth Projections Over HALF (17) of the top 30 fastest growing occupations in Minnesota over the next ten years are in the Healthcare industry Fastest Growing Occupations, Minnesota, Estimated Employment Projected Growth Percentage Projected Employment 2014 Numeric Growth Home Health Aides (2) 22, % 33,880 11,548 Medical Assistants (4) 6, % 9,447 2,809 Personal & Home Care Aides (5) 24, % 34,800 10,306 Dental Hygienists (6) 3, % 4,778 1,318 Dental Assistants (8) 5, % 7,081 1,935 Social & Human Service Assistants (12) 16, % 21,307 5,247 Medical & Clinical Lab Technicians (13) 3, % 4,566 1,115 Medical Record & Health Info Techs (14) 3, % 4,837 1,170 Radiologic Technologists & Techs (16) 3, % 4,504 1,045 Family & General Practitioners (18) 3, % 4,731 1,070

16 Growth Projections Registered Nurses is the 2 nd largest growing occupation in MN Projected to add 13,762 jobs growing 28.0% Fastest Growing Occupations, Minnesota, Estimated Employment Projected Growth Percentage Projected Employment 2014 Numeric Growth Registered Nurses (20) 49, % 62,881 13,762 Pharmacy Technicians (21) 4, % 6,259 1,368 Med. & Clinical Lab Technologists (23) 3, % 3, Medical Transcriptionists (24) 3, % 4, Emerg. Med. Techs. & Paramedics (28) 4, % 5,251 1,095 Physicians & Surgeons (29) 3, % 4, Healthcare Support Workers (30) 4, % 5,571 1,134 Med. & Public Health Soc. Workers (37) 2, % 3, Physical Therapists (39) 3, % 4, Pharmacists (40) 4, % 4,

17 Show Me The Money! Thirteen of the top 22 highest-paying occupations in Minnesota are in the healthcare field Chief Executives ($ per hour) Dentists, General ($69.43) Anesthesiologists ($71.00+) Air Traffic Controllers ($67.80) Dentists, Specialists ($71.00+) Computer & Info Scientists, R&D ($54.92) Family & General Practitioners ($71.00+) Optometrists ($54.47) Internists, General ($71.00+) Marketing Managers ($53.78) Obstetricians & Gynecologists ($71.00+) Pharmacists ($51.67) Orthodontists ($71.00+) Computer & IS Managers ($51.35) Pediatricians, General ($71.00+) Sales Managers ($51.06) Physicians & Surgeons, All Other ($71.00+) Lawyers ($50.69) Podiatrists ($71.00+) Engineering Managers ($50.30) Psychiatrists ($71.00+) Compensation & Benefits Mgrs. ($50.12)

18 Who wants to be an Anesthesiologist? The average annual wage for Anesthesiologists in the US is between $210,000 - $230,000 after expenses! Anesthesiologists are doctors who give patients drugs to relieve pain or put them to sleep during surgery Read medical charts Review comments of other physicians Meet with, examine, and interview patients Discuss and plan sedation with other doctors and patients Tell patients and family members what to expect Give anesthesia or sedating medicine Monitor equipment during and after the procedure Take classes to update skills and read journal articles Sounds Great!

19 Who wants to be an Anesthesiologist? Students must complete 4 years of medical school following 4 years for a bachelor s degree; and then must work as a resident for 4 years that s at least 12 years of preparation! Entry into medical school is extremely competitive there are only 28,000 jobs in the US; probably less than 500 in Minnesota Anesthesiologists may work any shift days and nights, weekends, and holidays and may be on-call 24/7 Anesthesiologists are responsible for the health and safety of their patients, and must be certain that all details and tasks of the job are completed accurately errors can be fatal! Anesthesiologists have a high level of interaction with patients and their family members, often in difficult situations

20 Overview Work Activities Working Conditions Physical Demands Skills & Abilities Knowledge Interests Preparation Areas of Study Hiring Practices Wages Employment Similar Careers Outlook Movie Clip Explore Careers on ISEEK

21 Explore Education on ISEEK Plan Your Education Find a school Find a program Find areas of study Overview College Preparation Things to know Similar areas of study Careers you may qualify for Resources Schools that offer program WIA Certified

22 Detailed Job Data from O*NET Online Tasks Knowledge Skills Abilities Work Activities Work Context Job Zone Interests Work Values Related Jobs Wages Employment

23 Wage Data from MN Salary Survey Occupational Employment & Wage Stats (OES) are based on a rolling 3-year survey of more than 22,000 employers Updated quarterly for the state, regions, and MSAs Second Quarter 2007 Distribution statistics for the 10 th, 25 th, 50 th, 75 th, and 90 th percentiles

24 Explore occupations in detail

25 Education is Important US data on graduates from nursing programs (incl. diploma, associate degree, & baccalaureate) shows a 26 percent reduction in RN grads from 1995 to 2000 Minnesota numbers have remained at a constant level of 1,500 graduates annually More than 8 out of 10 healthcare job vacancies require post-secondary education or vocational training Close to 70 percent of job vacancies require a certificate or license 35 percent require related experience

26 Higher Education = Higher Wages

27 Job Vacancy Survey Four of the top 25 job vacancies are in the Healthcare industry Registered Nurses 2,095 vacancies $24.36 offer Home Health Aides 1,229 vacancies $9.00 offer Nursing Aides, Orderlies 1,169 vacancies $9.96 offer Licensed Practical Nurses 710 vacancies $15.00 offer Healthcare Industry Overall 9,330 vacancies $12.00 offer Many are open for extended periods of time or always open

28 Start Exploring Explore online resources including Minnesota Careers, ISEEK, MnSCU Health Education, Minnesota Dept. of Health (MDH), Office of Rural Health, etc. Take assessments to explore your interests Compare your interests, skills, education, & experiences to occupational descriptions List the possible options Try to select FIVE Explore specific data on the options you selected

29 Loan Forgiveness Programs in MN divs/cfh/orhpc/loan/home.htm $17,000 for rural physicians $6,750 for rural midlevel practitioners $3,750 for nurses in nursing homes $6,750 for allied healthcare tech and nurse faculty $13,750 for rural pharmacists $19,000 for dentists Deadlines = Dec. 17, 2007!

30 Conclusions & Thank You! A vital, growing industry with many great job and career opportunities Advanced skills that are in high demand across the state and the nation Good wages and benefit packages Flexible schedules and job training A chance to care for people and make a difference in their lives Find a job that you love and you ll never have to work a day in your life.