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Who Will Be There to Nurse? Retention of Nurses Nearing Retirement

Aims: To determine the impact on nursing workforce supply of delaying retirement. Background Data: The nursing workforce is aging, and the Baby Boomer generation is nearing retirement age. This potential loss of experienced nurses is likely to exacerbate current nursing shortages. Methods: An analys...

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Published in:The Journal of nursing administration 2004-06, Vol.34 (6), p.298-302
Main Authors: O'Brien-Pallas, Linda, Duffield, Christine, Alksnis, Chris
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Duffield, Christine
Alksnis, Chris
description Aims: To determine the impact on nursing workforce supply of delaying retirement. Background Data: The nursing workforce is aging, and the Baby Boomer generation is nearing retirement age. This potential loss of experienced nurses is likely to exacerbate current nursing shortages. Methods: An analysis of loss rates of nurses in New South Wales (Australia) is provided using 2 different retirement ages—58 and 65 years. Supply numbers were used and then "aged" to determine the impact of retirement on workforce numbers. The impact of potential retention strategies on the numbers who could be retained were determined if 100% of 50- to 55-year-old nurses was retained, 75% of those 56 to 60 years, and 50% of those 61 to 65 years. Results: By the year 2004, approximately 4139 nurses (registered and enrolled) will be lost through retirement at age 65 years. However, retirement at age 58 years sees 7328 lost by 2004. Potentially 2139 nurses in this age spectrum could be retained if strategies are focused on delaying retirement. Conclusions: Delaying the retirement of nurses could provide a significant human resource, not only in terms of absolute numbers but more importantly, in terms of experience and expertise. However, retention of this portion of the workforce may require different strategies than for younger members of the workforce. The needs of this segment of the nursing workforce may require nurse administrators to consider different approaches to nursing work and work allocation.
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The impact of potential retention strategies on the numbers who could be retained were determined if 100% of 50- to 55-year-old nurses was retained, 75% of those 56 to 60 years, and 50% of those 61 to 65 years. Results: By the year 2004, approximately 4139 nurses (registered and enrolled) will be lost through retirement at age 65 years. However, retirement at age 58 years sees 7328 lost by 2004. Potentially 2139 nurses in this age spectrum could be retained if strategies are focused on delaying retirement. Conclusions: Delaying the retirement of nurses could provide a significant human resource, not only in terms of absolute numbers but more importantly, in terms of experience and expertise. However, retention of this portion of the workforce may require different strategies than for younger members of the workforce. The needs of this segment of the nursing workforce may require nurse administrators to consider different approaches to nursing work and work allocation.</description><identifier>ISSN: 0002-0443</identifier><identifier>EISSN: 1539-0721</identifier><identifier>DOI: 10.1097/00005110-200406000-00009</identifier><identifier>PMID: 15190225</identifier><identifier>CODEN: JNUAAK</identifier><language>eng</language><publisher>United States: Lippincott Williams &amp; Wilkins, Inc</publisher><subject>Adult ; Age Factors ; Aged ; Female ; Humans ; Middle Aged ; Models, Statistical ; New South Wales ; Nurses - statistics &amp; numerical data ; Nurses - supply &amp; distribution ; Nursing ; Nursing, Practical - manpower ; Personnel Loyalty ; Personnel Turnover - statistics &amp; numerical data ; Personnel Turnover - trends ; Retention ; Retirement ; Retirement - statistics &amp; numerical data ; Retirement - trends ; Shortages ; Workload</subject><ispartof>The Journal of nursing administration, 2004-06, Vol.34 (6), p.298-302</ispartof><rights>Copyright © 2004 Lippincott Williams &amp; Wilkins, Inc.</rights><rights>2004 Lippincott Williams &amp; Wilkins, Inc.</rights><rights>Copyright Lippincott Williams &amp; Wilkins Jun 2004</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c3589-16e63fa4bb4641a2932f5cea62381d319ae4a677c995d80060368a830dc50303</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/26818136$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/26818136$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,27901,27902,58213,58446</link.rule.ids><backlink>$$Uhttps://www.ncbi.nlm.nih.gov/pubmed/15190225$$D View this record in MEDLINE/PubMed$$Hfree_for_read</backlink></links><search><creatorcontrib>O'Brien-Pallas, Linda</creatorcontrib><creatorcontrib>Duffield, Christine</creatorcontrib><creatorcontrib>Alksnis, Chris</creatorcontrib><title>Who Will Be There to Nurse? Retention of Nurses Nearing Retirement</title><title>The Journal of nursing administration</title><addtitle>J Nurs Adm</addtitle><description>Aims: To determine the impact on nursing workforce supply of delaying retirement. Background Data: The nursing workforce is aging, and the Baby Boomer generation is nearing retirement age. This potential loss of experienced nurses is likely to exacerbate current nursing shortages. Methods: An analysis of loss rates of nurses in New South Wales (Australia) is provided using 2 different retirement ages—58 and 65 years. Supply numbers were used and then "aged" to determine the impact of retirement on workforce numbers. The impact of potential retention strategies on the numbers who could be retained were determined if 100% of 50- to 55-year-old nurses was retained, 75% of those 56 to 60 years, and 50% of those 61 to 65 years. Results: By the year 2004, approximately 4139 nurses (registered and enrolled) will be lost through retirement at age 65 years. However, retirement at age 58 years sees 7328 lost by 2004. Potentially 2139 nurses in this age spectrum could be retained if strategies are focused on delaying retirement. Conclusions: Delaying the retirement of nurses could provide a significant human resource, not only in terms of absolute numbers but more importantly, in terms of experience and expertise. However, retention of this portion of the workforce may require different strategies than for younger members of the workforce. 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Retention of Nurses Nearing Retirement</atitle><jtitle>The Journal of nursing administration</jtitle><addtitle>J Nurs Adm</addtitle><date>2004-06</date><risdate>2004</risdate><volume>34</volume><issue>6</issue><spage>298</spage><epage>302</epage><pages>298-302</pages><issn>0002-0443</issn><eissn>1539-0721</eissn><coden>JNUAAK</coden><abstract>Aims: To determine the impact on nursing workforce supply of delaying retirement. Background Data: The nursing workforce is aging, and the Baby Boomer generation is nearing retirement age. This potential loss of experienced nurses is likely to exacerbate current nursing shortages. Methods: An analysis of loss rates of nurses in New South Wales (Australia) is provided using 2 different retirement ages—58 and 65 years. Supply numbers were used and then "aged" to determine the impact of retirement on workforce numbers. The impact of potential retention strategies on the numbers who could be retained were determined if 100% of 50- to 55-year-old nurses was retained, 75% of those 56 to 60 years, and 50% of those 61 to 65 years. Results: By the year 2004, approximately 4139 nurses (registered and enrolled) will be lost through retirement at age 65 years. However, retirement at age 58 years sees 7328 lost by 2004. Potentially 2139 nurses in this age spectrum could be retained if strategies are focused on delaying retirement. Conclusions: Delaying the retirement of nurses could provide a significant human resource, not only in terms of absolute numbers but more importantly, in terms of experience and expertise. However, retention of this portion of the workforce may require different strategies than for younger members of the workforce. 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source JSTOR Journals and Primary Sources
subjects Adult
Age Factors
Aged
Female
Humans
Middle Aged
Models, Statistical
New South Wales
Nurses - statistics & numerical data
Nurses - supply & distribution
Nursing
Nursing, Practical - manpower
Personnel Loyalty
Personnel Turnover - statistics & numerical data
Personnel Turnover - trends
Retention
Retirement
Retirement - statistics & numerical data
Retirement - trends
Shortages
Workload
title Who Will Be There to Nurse? Retention of Nurses Nearing Retirement
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