3 important work trends this month, starting with the shortage of qualified applicants in many industries. It is absolutely slowing down the economy e.g. in Wisconsin recently, big topic of conversation is how shorthanded all the factories and small businesses are these days. And these are good jobs with full benefits.
I’ve been telling recent college grads when they whine about not being able to get jobs in fashion or media, that they are barking up the wrong tree. Much better off going where the jobs are – and healthcare is at the top of my list. One of the people who met with me recently said: “I was wondering why there were so many listings in the medical field….” Duh!!
So here are the 3 trends to ponder:
1. Nurses Wanted: thousands of jobs go unfilled because of a lack of qualified applicants
- In total, there are 2.7 million registered nurses in the United States with an average annual wage of $71,000.
- Traditional health systems are increasingly competing for nurses with school systems and home health agencies.
- As a result, increased opportunities for licensed practical nurses, who have less training than RNs but can handle many basic tasks.
- CoxHealth, a locally owned, not-for-profit health system based in Missouri, announced in June that it was recruiting over 100 nurses from overseas because there are not enough applicants Stateside. Many are coming from the Philippines or elsewhere in Asia.
- CoxHealth is also partnering with Technical Community Colleges to add nursing programs.
- They could hire 600 nurses tomorrow if they had qualified applicants; 8.3% of hospital nursing jobs in Missouri are going unfilled.
- Nursing has always been an in-demand profession but the situation is more acute now as boomers – who account for a third of current nurses – retire from the field. The newer millennial generation isn’t filling the gap.
2. How To Make Sure You Get Paid If You’re A Freelancer
I was going to write about Stripe based on this very catchy, but misleading, headline: Stripe gives gig-economy workers instant pay.
Turns out they are basically talking about Lyft drivers and airbnbers. But in the process I discovered this very timely and super-informative, pragmatic article by Brennan Dunn of Double Your Freelancing. His advice on getting paid in a timely manner is spot on and the whole article is definitely worth a read. In the meantime, here are his four main rules:
- Always get a deposit – before starting!!
- Get a signed contract
- Invoice often – he suggests every week – that would not work for me but the point is, don’t get too busy to send out invoices in a timely, consistent manner.
- Get serious about late payments – even if it’s with a client who’s always paid on time. Stuff happens and if you suddenly don’t get paid, it’s a big red flag!!
3. Generation Flux
This concept first came to light in 2012 but it seems to be newly relevant. For those of you who missed it the last time around, Generation Flux defines a group by its mindset, not by its age. It’s an excellent approach for a many reasons, but especially since there are now over four generations of people in the workplace. I uncovered it in this interview with Aoife Delany, the youngest President ever of the Society for Incentive Travel Excellence. She has a lot of insights on planning successful meetings and conferences across generations. One of her biggest challenges is to make sure that millennials will find her events as relevant and enjoyable as Gen Xers or boomers.