4 Smart Reasons Millennials Are Working in Healthcare

There’s a youthful changing of the guard happening in doctor’s offices, hospitals, and surgical centers across America. Millennials, who are now the largest living generation in the United States, are scooping up healthcare jobs faster than any other demographic. In fact, with Baby Boomers retiring, aging, and requiring more healthcare, analysts project that millennials will make up more than half of all workers in the healthcare industry by 2020.

 
© 2014 SAP SE or an SAP affiliate company

© 2014 SAP SE or an SAP affiliate company

 

So, what exactly do millennials find appealing about a career in healthcare? It seems the “instant gratification” generation has found 4 reasons why working in the medical field is a smart choice.

Reason #1: Demand is Strong...and Growing Even Stronger

No one wants to work in a place where they aren’t wanted. And, millennials don’t have to worry about that problem in healthcare. According to employment projections released by the Center for Health Workforce Studies, home health care jobs are expected to see a 60 percent increase by 2024. Similarly, office jobs at medical practices will likely experience a 25 percent bump.

Entry level jobs aren’t the only ones experiencing growth either. Managerial positions in healthcare are poised for impressive growth. At a 17 percent growth rate, the occupational outlook for managers in medical services is growing much faster than the 7 percent average for all occupations.

There’s a youthful changing of the guard happening in doctor’s offices, hospitals, and surgical centers across America. Millennials, who are now the largest living generation in the United States, are scooping up healthcare jobs faster than any other demographic. In fact, with Baby Boomers retiring, aging, and requiring more healthcare, analysts project that millennials will make up more than half of all workers in the healthcare industry by 2020.

Overall, by adding 374,000 jobs in the last 12 months, the healthcare industry is proving to millennials that it has attractive job opportunities that make it a top contender for building a lasting career.

Reason #2: Stability

With many millennials having student loan debts they need to repay, job stability is important. That makes the healthcare industry particularly appealing since America’s need for healthcare services is showing no signs of diminishing in the near future. Currently, U.S. patients pay for more than 354 million visits for acute care each year. Add to that the chronic care for the 27.6 million people diagnosed with heart disease and the 5.4 million who have Alzheimer’s, and it’s clear to see why so many millennials are finding stable and rewarding employment in the healthcare industry.

The pay is equally rewarding. You don’t have to be a doctor to approach a six-figure salary in healthcare. The median pay for a healthcare services manager is $94,500 per year according to Occupational Outlook Handbook.

Reason #3: Contribution to Something Bigger–Helping Others

Photo by jeanbaptisteparis / CC BY-SA 2.0

Photo by jeanbaptisteparis / CC BY-SA 2.0

Motivated more by purpose than a paycheck, millennials are finding meaningful careers in healthcare because medical jobs offer a unique opportunity to help others every day. Healthcare workers often interact with people when they are feeling their worse and suffering with life’s most difficult challenges. Having the chance to add value to people’s lives and be a part of the healing and recovery process is one of the most rewarding aspects of a career in medical services.

Reason #4: Flexibility

To attract and retain millennial workers, the healthcare industry is adapting to provide them with more of the benefits they value. Chief among these benefits is work/life balance. Millennials who shun traditional 9 to 5 hours, can find flexible options in both administrative and clinical settings. While many administrative and managerial positions still adhere to traditional business hours, more opportunities for telecommuting and flex hours exist now than ever before.

  Photo by Tanel Teemusk / CC BY-SA 2.0

 

Photo by Tanel Teemusk / CC BY-SA 2.0

Another benefit millennials love about working in healthcare is they can find work anywhere in the world. This mobile generation enjoys the flexibility of being able to find work no matter where they choose to live. Fortunately, medical skills are in demand everywhere.

Conclusion

No matter which of these four reasons attracts millennials to choose a career in healthcare, they are certain to find that the future is extremely bright. By becoming the majority of the workforce, millennials will have an exciting opportunity to help reshape the healthcare sector and make improvements in policy and best practices that will impact generations to come.