what we do · starting with why: impacting the future workforce of nurses & ... define...
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3/29/2019
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Starting with Why: Impacting
the Future Workforce of
Nurses & Caregivers
Adrian Killebrew - Business Development Executive, Axxess
Adrian Killebrew Business Development Executive, Axxess
What We Do
Axxess is the fastest growing home health technology company, providing a complete suite of innovative cloud-based software and services, empowering healthcare providers with solutions to make lives better.
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Define organizational culture principles using the “Golden Circle” concept
Understand changes in demographic workforce demand and trends
Implement strategic steps towards improving organizational culture
Objectives
Generations
Generations
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Life Experiences by Generation
Impact of Trends
Starting with Why
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5 Trends Shaping the Future of Workforce
“Every single company and organization on the planet knows WHAT they do.“
“ Some companies and people know HOW they do WHAT they do. “
“Very few people or companies can clearly articulate WHY they do WHAT they do.”
HOWWHAT WHY
Simon Sinek – Golden Circle
KNOW YOUR
Golden Circle
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Home healthcare market expected to grow to
$528.2 billionBy 2026
Home Health by the numbers
• 69 million Senior Citizens by 2030 • 1 in 5 Americans will be Senior Citizens
by 2050• 88.5 million people will be 65 by 2050
Home Health by the numbers
Home Health by the numbers
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Healthcare Occupation Projections (2020)
Health Occupations Projections
Nursing “Top 5” Workforce Statistics
Average Age of Nurses Nationally:
50
700,000 nurses will
retire by 2024
53% of Nurses are older than
age 50
70% of Nurses are
non-HispanicWhite
10% of Nurses are
male
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Diversity
Nursing Education Pipeline
Age Diversity (Generation Gap)
Competitive Pay
Attracting Millennial Nurses
Consistent Lead
Competitive Landscape
Nursing Recruitment Challenges
Average tenure of aHome health nurse
19 Months* Bureau of Labor Statistics
Nursing Tenure
Nursing Retention Challenges
13% of newly licensed RNs changed jobs after one year
37% ready to change jobs in the first year
Nurse graduates report feeling pressure not to ask questions, and describe situations in which nurses with more experience often aren’t willing to mentor or offer help
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Average cost to replace a nurse is up to 150% of that salary
Nursing Turnover
Direct Care Workers Demand
Direct Care Worker Recruiting Challenges
Wages
Poverty
Part-time work
Health Coverage
Competitive Landscape
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Aging
Estimated rate ofchange in Aging,
2010 – 2060
Pew Research Center
Change rate of birth of Christians and Muslims
2010 – 2060
Pew Research Center
US Demographics
US Demographics
Change in Racial and Ethnic Composition of Children Under Age 18
2010 – 2060
Pew Research Center
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Start with Why – An Example
The Three E’s
EVALUATE EXEMPLIFY EXECUTE
Assess your culture
Review your company’s goals and strategies for the year
Determine what culture you need to experience growth
Decide if you should adjust your core values
Evaluate (Review your culture)
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Exemplify
Identify organizations known for leading with their why
Seek employees feedback on how respect, trust and change are managed within other organizations
Evaluate frequently to ensure success
Well Care Home Health, Inc. – Example 1
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Bayada – Example 2
Execute (Refine your culture)
Incorporate Values into the recruiting process
Ask candidates about their personal values and how they align with the organization’s values
Align the organizations values with performance reviews and compensation
Evaluate frequently to ensure success
Execute (Refine your culture)
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