http://content.healthaffairs.org/cgi/content/abstract/22/6/199
The Future Of The Nurse Shortage: Will Wage Increases Close The Gap? Joanne Spetz and Ruth Given
In recent years the U.S. media have been reporting a shortage of registered nurses (RNs). In theory, labor-market shortages are self-correcting; wage increases will bring labor markets into equilibrium, and policy intervention is not necessary. In this paper we develop a simple forecasting model and ask the question: How high must RN wages rise in the future to end the RN shortage? We find that inflation-adjusted wages must increase 3.2–3.8 percent per year between 2002 and 2016, with wages cumulatively rising up to 69 percent, to end the shortage. Total RN expenditures would more than double by 2016.
The Future Of The Nurse Shortage: Will Wage Increases Close The Gap? Joanne Spetz and Ruth Given
In recent years the U.S. media have been reporting a shortage of registered nurses (RNs). In theory, labor-market shortages are self-correcting; wage increases will bring labor markets into equilibrium, and policy intervention is not necessary. In this paper we develop a simple forecasting model and ask the question: How high must RN wages rise in the future to end the RN shortage? We find that inflation-adjusted wages must increase 3.2–3.8 percent per year between 2002 and 2016, with wages cumulatively rising up to 69 percent, to end the shortage. Total RN expenditures would more than double by 2016.
3 comments:
Developing a nurse and nurse manager's succession plan should be in every Human Resource department's stategic plan in these times. Many nurse managers did not pick management as a career choice but something happened they fell into--me being one of those managers.My generation saw a need and felt compeled to step up. The younger nurse see the inadequate compensation as a deterent to the role as nurse manager-senior hospital leadership must look at this as the nursing shortage continues to grow
I am happy to see people taking a real interest in the nursing shortage. However, after your presentation it would behoove those looking to note other areas to look at including pay.
The little girl in this picture is soooo cute.
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