Accounting, Financial Services, Healthcare Services, US News

Hospitals employing higher number of doctors as acquisition of practices grows

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Hospitals employing higher number of doctors as acquisition of practices growsThe healthcare landscape may be experiencing a shift as both the number of doctors employed by hospitals and the acquisition of physician-owned practices by hospitals increases.

According to a recent survey by Avalere Health for the Physicians Advocacy Institute, the number of doctors employed by hospitals in the U.S. jumped by almost 50 percent from 2012 to 2015, Medscape reported. Some 95,000 physicians worked at hospitals in 2012, while in 2015 that figure reached 140,000.

In addition, hospitals acquired 31,000 practices during the same time period, contributing to an 86 percent increase in the number of practices owned by hospitals, the source noted. In 2015, 1 in 4 medical practices were owned by hospitals.

Medscape also cited figures from the American Medical Association that showed that 60 percent of doctors worked in physician-owned practices in 2015. More than half of doctors owned their practices, while 42 percent were employees.

In August, the healthcare industry overall added 14,400 jobs, though the rate of employment growth was lower than the average monthly gain of 39,000 seen in the last year, according to Becker’s Hospital Review. Ambulatory healthcare services contributed the most jobs, adding 12,900 positions.

Engineering

Job growth, talent demand predicted in engineering

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Job growth, talent demand predicted in engineeringEmployment in engineering is expected to grow over the next decade, according to data from the U.S. Bureau of Labor Statistics.

The agency forecast that employment in the industry will rise 3 percent over the next 10 years, with the addition of 67,200 jobs, Design News reported.

While the projected growth rate is slower than that predicted for other industries, engineers have a higher median annual wage. It is currently at $76,870 – more than double the median annual wage for all occupations in the U.S. economy, which stands at $36,200, the source noted.

Analysts are also predicting a higher demand for engineering skills and graduates in the field, according to GoodCall. Engineering workers were named as one of the five hardest positions to fill by the source, with the other positions including information technology workers, manufacturing and logistics staff, executive leadership and sales and marketing professionals.

Said Jim Link, chief human resources officer at Randstad North America:

“Due to an aging engineering workforce, and a smaller pipeline of engineering students in some sectors, the need for talent will only rise as the sector continues to rebound.”

Civil engineers were predicted to be in especially high demand, according to Juli Smith, president of Smith Consulting Group, citing a “large vacuum for talent in the market for civil engineers with five to 10 years of experience.”

Banking, Financial Services, Lending Services, Monthly BLS Report

What Motivates Passive Banking Candidates in this Marketplace?

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According to a March 2016 Gallup survey, US Employee Engagement, which is a measure of how many employees are enthusiastic during their day to day work, is at a record high!  Great news, right? Well, that depends on how you look at it.

As it stands, at an all-time high, just 34.1% of US workers are actively engaged in their current roles.

If Gallup’s statistic is a true indicator, six out of ten bankers, while passive, are open to hearing about new opportunities.  As you can imagine, this news is great for banks looking to beef up their staff.  However, this information alone doesn’t guarantee an easier time picking up top talent.  There is one critical component that must be present in every communication, and we find it is almost always absent these days in job postings and ads.

A Clear, Compelling Message

While this seems overly-simplistic at first glance, take a step back and really look at the opportunity that you’re presenting.  Why would it make sense for a top employee to quit their job and come to work for your team?  Expecting people to be familiar with and impressed by your brand name is no longer the motivating factor it used to be.

Through multiple conversations with candidates all over the US, we’ve found that, regardless of their internal motivations, most truly passive candidates will stay put unless they hear apassionate message that stirs them and calls them to action.  These are not the people that are applying to every job that comes their way, these are the candidates that are already highly valued where they are.

Getting one of these passive candidates in the door for the first meeting is truly the most difficult part of the process.  Once engaged, then you can discover if your opportunity can fix whatever pain they’re feeling in their current position.

So, even with an all-time high in US Employee Engagement, your passion for your opportunity is the clearest and most compelling way to motivate a passive candidate.

Food & Beverage, US News

Restaurant industry most favored sector in the U.S., Gallup poll finds

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Restaurant industry most favored sector in the U.S., Gallup poll findsOnce again, restaurants have led the polls as the most favored industry in the U.S., according to a new Gallup survey.

The restaurant sector scored positively among 66 percent of Americans, reported the NACS. Although the computer industry received the same positive rating, it was overshadowed by a 13 percent negativity rating, while the winning sector had only a 7 percent negativity rating.

Since 2001, these two industries have both landed atop the most well-reviewed sectors. This year, the grocery and farming/agriculture industries also scored quite well, ranking among the top 10.

According to Pizza Marketplace, almost 10 percent of working Americans are employed within the food service.  Philanthropy is another positive image among restaurants and research has shown that nearly 90 percent of restaurants are involved in giving back in one form or another. In total, these establishments raise up to $3 billion for charities each year.

“Restaurants are the beloved cornerstones of communities across America,” said National Restaurant Association President and CEO Dawn Sweeney. “America’s 1 million restaurants provide opportunity to 14 million Americans and have become an essential part of our everyday lives.”

The federal government was again rated as the least-favored industry across the country, coming in at the bottom among healthcare and pharmaceuticals. Each of these three sectors received negative rankings from more than half of Americans.

Alternative Energy, Uncategorized

Alternative energy employment in U.S. reaching new highs

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Alternative energy employment in U.S. reaching new highsThe Wind Technologies Market Report found that there were 88,000 jobs in wind energy last year, the Natural Resources Defense Council reported. A press release by the American Wind Energy Association noted that the number of workers in 2015 was up 20 percent from the year previous. It also mentioned that 41 percent of all new generating capacity came from wind, ranking it above solar and natural gas, which came in at 28.5 percent and 28.1 percent, respectively.

Along with wind, the solar energy industry is also seeing rising employment figures. Throughout 2015, job growth in solar was 12 times faster than it was in the rest of the economy overall, Clean Technica reported. Solar also added more jobs than the oil and gas extraction and pipeline sectors did combined.

Some 35,052 solar jobs were gained during the year, compared to 23,600 jobs in 2013, and contributed to a total industry workforce of 208,859 people, the source noted.

International News

Wearable devices market expected to reach $612 billion by 2024

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Wearable devices market expected to reach $612 billion by 2024The global market for connected health and wellness devices is predicted to reach $612 billion in less than 10 years.

A recently released report by Grand View Research, Inc. states that as the demand for integrated health technology continues, the market will reach new heights by 2024, according to MarketWatch.

The expectation that consumers will continue to move toward healthier livelihoods and adopt wearable healthcare devices is not the only factor driving the growth. A rise in the rate of lifestyle-associated diseases that call for around-the-clock monitoring through connected healthcare devices will also attribute to the expansion over the next eight years, noted the source.

As part of the growing effort to improve quality of care, access to platforms enabling patients to view their own health records and related medical data and communicate with doctors is being increased. In terms of market growth, these advanced products, including adapters and remote sensors, are contributing factors.

The healthcare industry as a whole is anticipated to become the largest sector in the U.S. in less than three years, reported Becker’s Spine Review. In July alone, 43,000 jobs were added, outpacing all other industries.