article thumbnail

What Brokers Can Be Thankful For This Year

Extensis

According to market research firm Technavio , 56% of the HR outsourcing market’s expected growth between 2022 to 2026 is slated to come from North America. billion between 2021 to 2026. Further, the market is expected to see an incremental growth of $10.90

article thumbnail

Healthcare Recruitment 2020: The Good, the Bad and the Future

Hospital Recruiting

Once the pandemic took hold, many facilities saw turnover spike as professionals opted for retirement or looked to assist in high-risk areas as traveling nurses or doctors. The Bureau of Labor Statistics’ Employment Projections 2016-2026 listed nurses among the top occupations for job growth, estimating almost 3.5 Lack of talent.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Ways to Address the Healthcare Industry’s Turnover Crisis

Fond

Nurses are leaving the workforce entirely to retire or change careers, with the U.S. Bureau of Labor Statistics estimating that hospitals will add an additional 203,700 new RNs each year through 2026 to fill new positions and to replace retiring nurses. By 2022, there will be an estimated 1.2

article thumbnail

What Are Turnover And Retention Rates For The Caregiver Industry?

DailyPay

history enters retirement age and beyond, caregivers are more in demand than ever. Caregivers in home health, assisted living, retirement communities, skilled nursing facilities and rehab centers make up the industry the Bureau of Labor classifies as home health and personal care aides. As one of the largest generational groups in U.S.

article thumbnail

Why Investing in People Strategy Should Be a Top Priority at Your Home Health Care Agency

Hireology

trillion on home health care by 2026. These challenges include a record-low unemployment rate, baby boomers retiring rapidly, costly compliance hurdles and a general misconception of working in home health care. The home health care industry is growing quickly, with Americans are projected to spend $5.7

article thumbnail

SECURE Act 2.0 Details: Key Takeaways for SMBs (and Brokers)

Extensis

The Act includes a variety of features designed to help Americans save for retirement and assist SMBs in offering retirement savings plans to their employees. And starting in 2026, the catch-up contribution will be indexed by inflation. Quick look: In late December 2022, the final SECURE Act 2.0 Notably, SECURE Act 2.0

article thumbnail

SECURE 2.0 Act and the Retirement Situation

Prism HR

Nowadays, there are a lot of people who aren’t feeling very secure about their retirement. So let’s talk about that retirement situation. It’s not so great if people are continuing to work longer simply because they are concerned they won’t be able to afford to retire comfortably. of those people being 65 and older.