The healthcare industry is about to see a surge of retirements among baby boomer nurses, just as the demand for RNs reaches an all-time high, according to the results of AMN Healthcare's annual survey of registered nurses.
According to the survey, nearly two-thirds — 62 percent — of registered nurses over age 54 are considering retirement within the next three years.
"This data confirms what we've known anecdotally and allows us to finally put dimensions and a timeline around a predicted retirement surge," Marcia Faller, RN, PhD, chief clinical officer at AMN Healthcare, said in a news release. "But the harm to the healthcare industry goes beyond the numbers. The loss of this intellectual asset may be acutely felt in terms of quality of care and patient satisfaction. To withstand this loss, healthcare providers need help in preparing for the nursing workforce of the future."
Here are three other findings from the survey.
1. The survey found 85 percent of nurses are happy with their career choice, but they are increasingly dissatisfied with their jobs and the future of the care environment.
2. For instance, only 36 percent of nurses believe they have enough time to spend with patients, and nearly one-third of nurses often feel like quitting.
3. Nurses, particularly those under 40 years old, are very motivated to further their education. In fact, 49 percent of all nurses plan to pursue bachelor's, master's or doctoral degrees.
The survey a biennial assessment of almost 9,000 registered nurses in a variety of fields and specialties.
More articles on workforce and labor management:
Eastern Connecticut Health Network to freeze wages, contributions: 4 things to know
Hospitals add nearly 18k jobs in October
Marin General nurses strike for one day: 5 things to know