healthcare

STUDY: 80% of nurses plan to stay in field until retirement despite ongoing concerns

Goodwork author

Goodwork author

— 2 min read
STUDY: 80% of nurses plan to stay in field until retirement despite ongoing concerns

A significant positive development is that 80% of nurses now plan to remain in the profession until retirement, a notable increase from 55% in 2022. Additionally, 54% of nurses would recommend nursing as a career, and there has been a 10% decrease in those intending to leave their roles within a year, indicating improved job satisfaction.

Ongoing Challenges: Staffing, Burnout, and Compensation

Despite these positive trends, many nurses express concerns about the pace of improvements in the industry. A substantial 84% believe that issues such as understaffing, burnout, and inadequate compensation are not being addressed swiftly enough. Staffing shortages remain a critical issue, with 93% reporting that these shortages have worsened over the past year. Furthermore, 73% identify inadequate staffing as their top concern, and 55% are dissatisfied with the current staffing levels at their facilities.Incredible Health

Mental Health and Support Resources

Mental health among nurses has shown slight improvement, with reports of good mental health increasing from 25% in 2022 to 26% in 2023. Resources like the Nurse Wellness Toolkit have been instrumental in providing stress reduction strategies and community support.

Compensation and Incentives

Compensation continues to be a significant factor in job satisfaction. Nearly half (48%) of job offers now include sign-on bonuses, up 14% from the previous year, with the average bonus amounting to $11,767. Hospitals in South Carolina offer the highest average bonuses at $17,763, while California reports the highest overall salaries but fewer and smaller bonuses.Incredible Health

The Role of Technology and Social Media

Technology and social media are increasingly influential in the nursing profession. Over half (60%) of nurses consider social media vital for community and support, with 77% citing it as a key resource. Additionally, 52% communicate with health systems through these platforms. However, the adoption of virtual nursing remains limited, with only 25% reporting its use in their systems.

Looking Ahead

While there have been gains in nurse retention and job satisfaction, the industry must continue to address staffing shortages, burnout, and compensation concerns more aggressively. Healthcare organizations are encouraged to implement strategies that enhance career growth, provide meaningful recognition, and improve workplace well-being to retain experienced nurses and attract new talent.Advisory Board

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