LeadingAge New York Adviser Adviser LeadingAge NewYork Spring 2019 final - Page 31

W I N S 40% 30% 20% All Other Healthcare Occupations: 41,200 10% 0% -10% Age 18-64 2021 2018 2024 2027 2030 8 Between 2015 and 2040, the number of adults age 65+ will increase by 50%, and the number of adults over 85 will double. 8 By 2040, the number of working-age adults for every adult over age 85 will drop from 28 to 14. WORKFORCE W Nursing Shortage in NYS 16,000 14,990 14,000 LPN SHORTAGE 12,000 RN SHORTAGE 14,990 4,880 10,000 8,000 2,798 LPN SHORTAGE 2,798 12,504 8 59% of home care agencies report difficulty hiring full-time workers; 32% of home care workers who work part-time do so because of personal or family challenges. 8 69% of nursing homes report difficulty hiring for evening, night, and weekend shifts. SENIORS NYS Healthcare Jobs Growing at 3x Rate of Non-Healthcare Jobs NY STATE EMPLOYMENT GROWTH PROJECTIONS 2016-2026 35% 30% 20% 4,000 - 4,880 Personal Care Aide, Home Health Aide, Nursing Assistant: 89,240 25% 6,000 nnual Projected 2,000 N Job Openings RN / LPN: 19,870 I N S NYS RN and LPN Job Openings Exceed Graduations by over 4.5k Annually TAGE Annual Job Openings for PCAs, HHAs, and CNAs Represent 60% of All Healthcare Openings Age 65+ Age 85+ INVESTMENT NYS Aged Population Grows, While Working Adult Age Group Declines 2016 LPN Graduations Annual Projected LPN Job Openings 2016 RN Annual Graduations Projected RN Job Openings 2016 RN Graduations Annual Projected RN Job Openings 2016 LPN Annual Graduations Projected LPN Job Openings 2016 LPN Graduations 15% Annual Projected LPN Job Openings 10% 29.0% 5% 9.7% 0% HEALTHCARE NON HEALTHCARE OCCUPATIONS Ensure that seniors can count on help when they need it most. Invest $50 Million in our long-term care workforce now before it’s too late. Sources: Martiniano R, Krohmal R, Boyd L, Liu Y, Harun N, Harasta E, Wang S, Moore J. The Health Care Workforce in New York: Trends in the Supply of and Demand for Health Workers. Rensselaer, NY: Center for Health Workforce Studies, School of Public Health, SUNY Albany; March 2018. Cornell University Program on Applied Demographics New York State Population Projections; http://pad.human.cornell.edu/; accessed Jan. 4, 2019. Campbell, Stphen. US Home Care Workers: Key Facts, 2018. Bronx, NY: PHI; Aug. 2018. https://phinational.org/resource/u-s-home-care-workers-key-facts-2018/ NYS Department of Labor Employment Projections; https://www.labor.ny.gov/stats/lsproj.shtm; accessed Jan. 11, 2019. leadingageny.org 30