Nursing shortages begin as baby boomers retire

Dec 3, 2019
Scott is the partner responsible for looking after the firm’s healthcare and medical sector clients. Scott also specialises in advising small businesses.

Nursing shortages begin as baby boomer population begin to retire

As the baby boomer population begin to retire, hospitals are struggling to recruit and retain nurses. According to a new survey the contributing factors are due to burnouts and violence in the workplace. 39% of nurses said that work-life balance and flexibility had the most impact on whether they decide to stay in the job. Furthermore 31% said that the compensation and benefits was one of the largest motivating factors to stay in the job. This data is from the AMN Healthcare’s 2019 Survey of Registered Nurses.

19,967 nurses took part in this survey with 81% saying they were satisfied with their career choice, and 44% saying they often feel like retiring.

Nurses are raising concerns about the pressure of their job for their well-being and work-life balance as 66% are worried that the pressure of the job is affecting their health.

However, it does not look like this problem is going to get any better with 20% of baby boomers planning to retire in the next 5 years and 27% are not expecting to be working their present job in a year, this problem is only going to get worse with nurse shortages on the rise. Additionally, all baby boomers will be 65 years old by 2030 which means there will be a high demand for nurses.

If you would like to find out more information on this article click here:

How can we help

At Hawsons we have a dedicated team of specialist healthcare accountants in Sheffield, Doncaster, and Northampton. At Hawsons our team of specialist healthcare accountants offer professionals advice and guidance that is tailored to their individual needs and requirements, providing a full range of proactive services.

If you would like to book a free initial meeting with us click here.

If you would like to see more information about our healthcare accountants click here.

More from our GP practice experts

You can find all of our latest GP practice sector news and newsletters here.

If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.

Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.

Free initial meeting

Scott Sanderson

Partner, Sheffield