Healthcare Job Openings Reach New Heights
Date Posted: May 8, 2017
The number of job openings in healthcare reached an unprecedented level in the first quarter of 2017, undeterred by the ongoing debate in Washington, D.C., over healthcare policy. The widening gap between job openings and job hires reveal a growing crisis in healthcare talent acquisition and staffing that impacts almost every hospital, health system and other healthcare organization – today and in the future.
The BLS Job Openings and Labor Turnover Survey, also known as JOLTS, collects data from 16,000 business establishments in private and public sectors and reports on job openings, hires and separations. That sample size is smaller than other BLS employment surveys, but its granular detail provides a magnified picture of an industry’s employment situation. The depiction of the healthcare industry employment gap is startling.
Job Openings at Unprecedented Level
Healthcare job openings have been rising at an extraordinary rate since the end of the recession. JOLTS combines the healthcare sector with social assistance, but JOLTS economists say that the rise in job openings in this area is due to the healthcare industry.
Since JOLTS began collecting data in 2000, job openings in this sector hit a low of 422,000 in August 2010, but since then have risen steadily, and in the last two years – rapidly. The upward spiral began in 2014, and by February 2017, healthcare job openings hit nearly 1.14 million, the highest total of healthcare job openings since JOLTS began collecting data. Job openings are counted on the last day of each month, so the number of openings is a cumulative total on that day.
In the same period of time, job hires have remained relatively static compared to openings. Job hires are measured on a monthly basis by JOLTS. Hires hit a low of 361,000 in January 2011, and a high of 573,000 in November 2016.
Unfilled Jobs Gap Grows Wider
A comparison of job hires vs. job openings shows a widening gap of unfilled jobs, which is exactly the reality that HR and clinical managers at hospitals and other healthcare organizations are experiencing throughout the country. Although openings and hires measurements are slightly different (cumulative vs. monthly), the conclusion of a widening gap of unfilled jobs is valid because openings continue to grow. Openings are currently more than twice as many as hires, a ratio that has been growing steadily.
The JOLTS economists say that healthcare is one of the few industries where openings have generally always outrun hires. However, never has the gap between hires and openings been as wide as it is today, with the prospect of continued widening in the future.