Talent Acquisition

Workforce Planning for the Healthcare Industry

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Workforce issues are impacting the healthcare industry in unprecedented ways. Consider the following 5 challenges:

1. Aging population.

Baby Boomers are reaching retirement at the rate of about 10,000 a day, and their needs for health care are intensifying and straining the already understaffed healthcare workforce.

2. Aging workforce.

Healthcare workers are speeding toward retirement too. By 2020, 50% of nurses will be at the retirement age.

3. Workforce shortage.

Four years ago the World Health Organization projected a global workforce shortage of almost 13 million healthcare workers by 2035. In the US alone, there’s a projected physician shortage — up to 104,900 — over the next ten years, according to data released by the Association of American Medical Colleges (AAMC).

4. Workload and work environment.

Due to the growing workforce shortage, nurses and allied health professionals often are required to long hours under stressful conditions.

5. Increased risks.

Overworked healthcare providers are prone to fatigue, injury and job dissatisfaction, all of which can result in making mistakes in patient care.

The immediate need for all healthcare organizations — whether care providers, insurers or life sciences — is anticipating the changes coming to the industry over the next five years, including education, public policy and workforce participation.

With the above challenges in mind, you have to ask:

  • Where will the additional workforce come from?
  • How will cognitive computing and artificial intelligence impact the need for healthcare workers?
  • Will our current and future employees require additional skills, such as learning new technology?
  • How will professional burnout impact my patients and my workforce?
  • How can we bridge any skills gaps as we recruit the next generation of employees?
  • What affect will public policy have on the future of care delivery?

For many years leaders in healthcare have seen these issues fast approaching. But even with time to think about possible solutions, many are still left wondering, “What do I do next? What should my new talent strategy be?”

IBM Talent & Engagement, along with a panel of industry experts, has provided data-driven solutions and best practices to address these challenges in “The Future of Talent in Healthcare” webinar.

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