According to the “Nursing: Supply and Demand through 2020” analysis conducted by professors from Georgetown University’s Center on Education and the Workforce, the U.S economy will create over one and a half million nursing jobs by 2020. On the other side of the spectrum, hospitals and other health-care facilities will be undergoing a shortage of nearly 200,000 professional and registered nurse positions.
Nursing is a tough and demanding job, with long rotational shifts, calls to work at any time and of course, the human element of have to care for other people. The physical and emotional demands of the nursing industry are enough to deter people from wanting to enter this profession. However, there is a plus side to this. For all your pain, sacrifice and dedication, the average annual salary of a practicing nurse is about $43,000. For a registered nurse with a Bachelor of Science in nursing degree, it is roughly $69,000 annually, which is a higher wage than that of many other fields which require longer studies.
For a steady job with good pay, why is there such a huge predicted deficit in the coming future? Well, there are several reasons, the biggest being an aging U.S. population. When you have advances in technology that ensure that people live to a ripe old age irrespective of their background, you are going to have a lot more elderly people who are going to need to be taken care of. Another reason is the nurses themselves, as many of the registered nurses are aging. According to the Georgetown University report, Over 50% of the country’s nurses are over the age of 50. That means many of these nurses will be retiring within the next 10-15 years. Another reason for this heightened demand is the trend of preventive health care. The government’s Affordable Care Act has put a growing emphasis preventive care. This means that even patients who are not suffering from any chronic or major illness, are sitting on a hospital bed waiting for a nurse to tend to them.
An added factor for the shortage of nurses is that many aspirational nurses are not able to get the credentials needed to advance their careers. This is not a question of just having the financial resources to pursue a career in nursing. The entire nursing school industry is so overwhelmed that they cannot even accept those students who have shown great potential. This is either because the schools no longer have the physical space to accommodate more students or do not have enough faculties to teach the students! Data from another report by the American Association of Nursing Schools has revealed that nearly 80,000 applicants were rejected from both undergraduate and graduate nursing schools in the 2013-2014 academic year. Finding seasoned nurses for niche fields like neurosurgery and oncology has also proven to be difficult.
For those considering a career the nursing field, it is best to get as much knowledge and experience as you possibly can. The fact that even the starting salaries are decent means that those prospecting a job in this industry should jump on the bandwagon as soon as possible. And, with more and more players entering the health care industry, some of the highest-paying institutions now require their staff to have a Bachelor of Science Degree in Nursing.
Note: This is a sponsored post, however, I feel it is beneficial to my readers and all facts have been verified.