Confidence Up Among Health Care Workers

With the health care industry booming, confidence among all health care personnel is high right now, according to a new survey.

Randstad Healthcare’s survey of physicians, health care administrators and other health care professionals revealed that overall employee confidence rose by 4.1 points to 57.6 in the fourth quarter of 2012.

"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," Steve McMahan, executive vice president of Randstad US, Professionals, said in a statement.

According to the study, 30% of health care workers say the economy is getting stronger. Meanwhile up nine percentage points over the third quarter of 2012.

The poll revealed that confidence about finding a new job is up. Slightly more than one-fifth (22%) of health care workers believe there are more job opportunities which is unsurprising considering how in demand health care professionals are right now. However, the more workers (45%) believe there are fewer job opportunities.

Nearly one-third (31%) say they will likely look for a new job in the next 12 months and more than half (58%) are confident that they could find a new job during the next year. An earlier survey by Physician Wellness Services and Cejka Search revealed that lack of cultural fit is the key determining factor in a physician’s decision to join or leave a medical practice. The turnover rate is 14% for the first two years after a physician joins a practice.

"The health care employment market has exhibited strong growth in the past months, adding 23,000 jobs in January and rising 320,000 over the year,” McMahan said. “The long-term outlook for the industry is equally as promising. Specifically, physicians in urgent care and those with specialization in anti-aging medicine are in high demand, as are registered nurses in both permanent and temporary positions.”

He added that employment of registered nurses is expected to grow 26% from 2010 to 2020, which is faster than the average for all occupations. (However, keep in mind that registered nurses are among the unhappiest workers in America, according to a Careercast ranking.)

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Renewed Confidence Among Healthcare Workers in the Fourth Quarter - Randstad