Renewed Confidence Among Healthcare Workers in the Fourth Quarter

  • jobs & the economy
  • February 11, 2013

U.S. healthcare workers are feeling increasingly confident regarding the strength of the economy, job availability and their willingness to job search, according to a new survey conducted by Harris Interactive on behalf of Randstad Healthcare.
The Randstad Healthcare Employee Confidence Index, a survey of 299 workers including physicians, healthcare administrators and other healthcare professionals, climbed 4.1 points to 57.5 in the fourth quarter.

As New Year Gets Underway, Fears Over Economy Fade
“Given the latest findings of our Healthcare Employee Confidence Index, it appears much of the anxiety around the fiscal cliff concerns have all but dissipated as we enter 2013,” said Steve McMahan, executive vice president of Randstad US, Professionals.

Just under three-in-ten (29 percent) of healthcare workers say the economy is getting stronger this quarter, an increase of nine percentage points compared to the third quarter of 2012. Meanwhile, 41 percent of healthcare workers believe the economy is weakening, a decrease of three percentage point from last quarter.

Healthcare Workers Optimistic as Opportunities Abound
According to the Bureau of Labor Statistics, the healthcare industry will offer promising job opportunities for years to come. The job market posted strong growth in the past month, adding 23,000 in January and rising 320,000 over the year. The long-term outlook is equally promising, with employment for registered nurses expected to grow faster than the average for all occupations, with 26 percent gains from 2010 to 2020.

Healthcare workers’ confidence in the job market has risen in conjunction with this promising outlook, with 22 percent of workers believing there are more jobs available, up from 13 percent in the third quarter of 2012. Also, nearly one-third of healthcare workers say they are likely to look for a new job in the next 12 months, an increase of eight percentage points from the previous quarter.

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