Locum Story: Long-Term Strategic Partners in Healthcare

14 June 2024

This job of Locum Tenens was initiated as a makeshift policy to meet temporary doctor and staffing shortages.

Slowly, career opportunities emerged as one of the medical professional’s top career choices. In this article, we bring into the discussion table the demand for locums and the expectations of new job seekers in the next few years.

Locum Tenens: How Common Is It?

Locum tenens is, without doubt, a fast-growing segment in the healthcare industry. However, many of the largest facilities and practices in the USA have leveraged the efficacy of locum job placement. They incorporate these positions into their staffing models.

Although the concept of the modern locum tenens dates back to the early 1970s, since there is no turning back, the sector is managing a dream run of growth.

About 7% of physicians in the US have associated themselves with the locum tenens position within the last year.

Moreover, almost 85% of facilities are integrating temporary service providers. In the last decade, the number of locum tenens doctors has sharply increased. The rate of increase is massive( 90%). Hence, you can understand how common it is the concept of employment in the US medical sector.

The Future of Locum Tenens

Since the COVID-19 pandemic, the move towards gig work and contracting has grossly affected the entire healthcare industry. Moreover, spending on locum tenens increased drastically by 28% in the year 2021.

Almost 60% of healthcare funds go towards inducting self-employed practitioners. The Association of American Medical Colleges conjectures that the shortfall of healthcare professionals will approach 140,000 by 2033.

The situation brings with it waves of concerns for the vulnerable aging population and also the medical workforce. The locum tenens positions address the shortfall, as well as providing patients with healthcare requirements.

Why Are Locum Tenens Jobs in Demand?

Recent data exposes some of the most concerning and surprising trends among physicians. They include those who are looking for contract-based positions.

Furthermore, the reports also bring to the forefront the reasons behind healthcare professionals’ preference towards short-term placements.

According to a survey, 60% of the respondents opine that they are looking for new positions. Moreover, nearly 25% of physicians under the age group of 40 opine that they are avoiding long-term or permanent positions due to burnout.

Moreover, after the pandemic, the healthcare sector faced an enduring staffing shortage. Consequently, stakeholders feel pressure from within.

Under such serious circumstances, the locum tenens has emerged as a viable alternative for physicians and other healthcare professionals who want to be engaged in the workforce but on their terms.

Work-life balance

Locum tenens offers a degree of flexibility not found in full-time healthcare positions. Temporary placements allow physicians to experience a range of environments and demographics while setting schedules that work for them.

Everyone knows that the present world of professionalism is grappling with issues like work-life balance and increasing stress. Organizational management, especially in the medical field, is looking to work on coping with immense pressure. Locus tenens provides an advantage. Professionals who aim to attain work-life balance are looking for locums job placement.

Better pay

Competitive pay is another driver of locum tenens growth. Moreover, the temporary healthcare positions may culminate in the form of 50% more payment compared to the comparable full-time placements.

As a result, it allows the healthcare profession to earn more money while working with flexibility. Temporary employees are responsible for health insurance and retirement planning, which can erode some of those profits.

These are a few reasons attributed to the increasing popularity of locum tenens positions in the healthcare industry. With a more equitable work-life balance, better pay, and, most importantly, less stress, it brings multiple benefits. Hence, it becomes easy to say why so many doctors are entering the locum tenens position.

A Hassle-Free Career

One key benefit of the locum tenens job is a hassle-free career. When professionals have this job, there are zero teaching and administrative responsibilities. Furthermore, there are zero coding and billing hassles or, say, staff management issues.

Experts say that the care providers who embrace this approach reap the benefits. Here, the professionals get much better flexibility from the hospitals. As a result, the job becomes much more stressful and hassle-free.

Freedom To Travel

The locum tenens are best known for their freedom of travel. This recruitment approach allows doctors to engage in multiple healthcare bodies, and that too in different places.

If you can visit multiple places and seek new career opportunities, you have flexibility and freedom. This is, without question, one of the prime benefits that healthcare professionals get.

Pre Retirement planning

One of the benefits linked to locum tenens is pre-retirement planning. Some doctors have retired from their full-time jobs but still want to engage in practice.

This approach to service best suits these professionals. These professionals are looking to finish their medical careers with locum work.

Many seasoned medical professionals have retired from full-time engagements. They suggest that they have made the right decision by engaging in part-time jobs at different care units. They say that the flexibility of the work structure provides them with the edge.

Read More: Healthcare Jobs That Will Be Most in Demand 2020–2025

Managing the Debts

Another core benefit of locum tenens is working with new doctors. The respectable earnings from the job help one manage debt while studying in medical school.

Even the National Association of Tenens Organization(NALTO) says that an individual can get two ways to manage their student loans.

They think that the students are using different ways to pay back their along with the flexibility that they are getting from the hospitals. Working in the locum tenens allows them to provide coverage for weekends or months. The opportunities are quite enticing.

Change Will Keep Coming—Are You Ready For It?

Locum Tenens has grown into a nationwide, multibillion-dollar industry used by nearly 90% of America’s healthcare facilities. In every state, thousands of providers accept temporary placements every year, ensuring that people in underserved communities get the medical care they need.

Though locum tenens has a short history compared to that of other industries, it offers a reliable, sustainable staffing solution in areas lacking access to healthcare.

With locum tenens, we can build a healthier, safer society. If you’re considering a career change, accepting a temporary position may be just the push you need.

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Ankita Tripathy

Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.

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Cyclical Unemployment Refers To? – A Detailed Guide

What is cyclical unemployment? What does cyclical unemployment refers to? How to determine the cyclical unemployment rate? When does this unemployment rate rise and what are its effects? Let’s discuss these queries in detail below. Individuals who lose their jobs during the recession are known as clinically unemployed. The jobs are created after the recession ends. Moreover, this is one factor among several that contribute to total unemployment, including institutional, frictional, structural, and seasonal factors. Cyclical Unemployment Definition Cyclical unemployment is an element of overall unemployment that results directly from cycles of economic downturn and upturn. In this unemployment, the labor forces are eliminated as a result of business fluctuations or cycles in the economy. The rate of cyclical unemployment is low when the economy is at its tip or undergoing constant growth. The number of unemployed workers surpasses the number of job vacancies in the job market. Due to a drop in production, fewer workers are required resulting in job layoffs. Examples Of Cyclical Unemployment The best example of this unemployment is when construction workers were laid off during the Great Recession following the financial crisis of 2008. Another example of cyclical unemployment is the increase in layoffs as a result of the COVID 19 pandemic. During this period, many loosed their jobs and wages and the US government passed an economic stimulus package to assist those hit by the pandemic pay their bills. You can also check: How to Choose the Right Commercial Collection Agency. Cyclical Unemployment Refers To Cyclical unemployment refers to a year to year fluctuations in unemployment around its natural rate. Besides, this is closely associated with the short-run ups and downs of economic activity. In this unemployment, you will see the regular ups and downs, or cyclical trends in growth and production, as measured by GDP, that occur within the business cycle. Those workers who are no longer needed will be released by the company, resulting in their unemployment. Thus, this unemployment is highest during an economic recession and is lowest during an economic expansion. How To Calculate The Cyclical Unemployment Rate? The formula for the cyclical unemployment rate estimates for the other two kinds of unemployment and their rate as well. Cyclical unemployment rate = Current unemployment rate - (Frictional unemployment rate + Structural unemployment rate). The rate of unemployment constantly changes when the economy enters and reenters business cycles. The average time frame for a sales cycle during a return may be only eighteen months or so. However, when the economy settles down into a hole, the cycle could take ten years or more to be achieved. At the same time, keep in mind that high or low cyclical unemployment is only temporary. When Are The Causes Of This Unemployment Rate And What Are Its Effects? Cyclical unemployment occurs during a recession. The causes of this unemployment are the same as the causes of recessionary periods. In this period, a temporary increase in economic activity is fulfilled. This newly unemployed have more layoffs, less business revenue, lowering demand, and less disposable income. It was not enough when monetary policies were executed at the time. The primary causes of this unemployment rate are: Market Crash The recent market crash contributed to causing cyclical unemployment. The financial impact was far-reaching and millions of people who were employed in big firms lost their jobs. These crashes led to a decline in employers and expand as a level of uncertainty is produced. Negative Multiplier Effects The multiplier effect determines the chain reaction that a decline in demand has. This demand not only affects the local store or supermarket but also the goods, butcher, and the farmers. Hence, a decline in demand ends up affecting more industries and numerous areas at the same time. Decline In Demand The primary cause for Cyclical unemployment is when the demand throughout the economy fades. Once demand starts to fall, firms don’t need to buy as many products and services as needed. You may like: Dutch Locksmithing Company Reveals How to Get Best Prices. Other Types Of Unemployment The other types of unemployment that economists recognize are described below: Frictional Unemployment Frictional unemployment determines the time that elapses when an employee is transitioning from one job to another. Many individuals consider this as a positive cycle of unemployment as it symbolizes that people are going into new and usually higher positions. Seasonal Unemployment This unemployment occurs due to periods of high interest in certain sectors and also happens as requirements shift from one season to another. This category can accommodate any worker whose jobs are dependent on a specific season. Institutional Unemployment This unemployment includes the components of unemployment attributable to institutional arrangements, such as high rates of unionization, discriminatory hiring practices, and high minimum salaries. Structural Unemployment Structural unemployment is caused by major shifts in the makeup of the economy. It is a mismatch between the demand and supply for specific skills in the labor market. Read more: How To Increase Your Chances Of Getting Hired During A Pandemic. The Final Thoughts Cyclical unemployment refers to a year to year fluctuations in unemployment around its natural rate. Many individuals even described that cyclical unemployment as a result of businesses not having enough demand for labor. Hence, this is all about this unemployment type that you must know at the earliest. Read Also: Clicka Jobs USA – Why It Is Making Headlines? Why Entrepreneurs Should Pay Attention To Cryptocurrencies Is Computer Software Prepackaged Software A Good Career Path?

Best Paying Jobs In Consumer Durables

Get ready for a fulfilling, steady, as well as challenging career if you are looking for a job in the industry. Before you find out what are the best paying jobs in consumer durables, you will need to understand the characteristics, requirements, and eligibility of the industry. In this article, we will discuss jobs in consumer durables and why consumer durables is a good career option. Furthermore, we will also talk about what a job in the industry requires an applicant to be. Read through to the end of the article to learn about the pay grade of jobs in consumer durables, as well as the best paying jobs in consumer durables. Consumer Durables – Why Is It A Good Career Path? Consumer durables mainly include products and goods that people use on a daily basis, and they have a long life. On the other hand, consumer non-durables are the ones that do not have a long life, and people need to consume them in less amount of time. Consumer durables include appliances, furniture, electronics, cleaning, culinary, motorized vehicles, and others. Although a job in the industry might not appear quite profitable in the first instance, as you build your experience in the industry, you start getting paid really well. If you are a graduate or someone who wants to start a career, then a job in consumer durables can be an excellent option for you. Why The Consumer Durables Industry Is A Great Career Option? Although everyone has their own reasons for joining a particular job industry of their choice. However, the consumer durables industry is one of the best options if you want to do something interesting and you like working through diverse options. The following are the major reasons why you must consider working in the consumer durables industry: 1. Better Compensation Image Source: www.patriotsoftware.com Although employees in every industry always seek better-paying jobs, there are still jobs in certain industries that do not have a good pay structure in return for the work. However, in the industry, there are many career options that come with a good salary structure. Hence, any job in the consumer durables industry is appealing to someone who wants a better salary structure from the start. 2. Ability To Work In Diverse Jobs Since there is a variety of product options in consumer durables, there are diverse job options as well. Due to diverse job options, the opportunities for jobs have increased a lot in this industry. Furthermore, if you want to gain experience and skills after graduate school, a job in consumer durables is a great option. This is because of the fact that consumer durable products are available in large numbers, simple to use, and are greatly profitable as well. 3. Flexible Working Shifts If you do not like flexible working shifts and want a more scheduled job, then this industry is not a great option for you. However, by working according to flexible hours, you will be able to get more time for yourself. Employees working in the industry find flexible working schedules better. What Are The Best Paying Jobs In Consumer Durables? Below given are the best paying jobs in the consumer durables industry that you must aim for now: 1. Sales Manager In this job, you will need to supervise and manage the sales activities and the sales personnel. Apart from that, you will also need to focus on the sales activities of the corporation on a daily basis. You will also need to make a sales strategy and sales objectives and monitor their performance. 2. Retail Manager Retail managers have the responsibility to run and manage retail stores. Apart from managing the employees, you will need to keep a track of the inventories as well. 3. Social Media Manager Here, you will need to promote the products and offers of the brand with the help of social media platforms. Furthermore, you will also be responsible for organizing campaigns, developing campaigns, and messaging people. 4. Finance Manager You will be concerned about the finance of the business if you work as a finance manager. You will need to make financial reports, create financial strategies, and monitor investment activities. In addition, you will be in charge of managing the company's revenue and expenses. 5. Product Designer If you are a product designer, you will have a lot of demand in the industry. The average salary of product designers is $100K. You will also need to monitor the entire designing process of the consumer durable products that the company you are working for. To design products, you will have to work with product managers and engineers. Best Paying Jobs In Consumer Durables- Scale Of Payment The different jobs in consumer durables have different salaries since the responsibilities of the jobs are different in every case. A job in the industry will allow you to work in the area of your interest. Whether you are interested in household durability or you have more knowledge of technology and electronic appliances, you will still get decent pay if you have good knowledge of the sector that you are working in. As a starter, you will get a decent pay of about $15,000. This is a great number for someone who is starting out in the consumer durables industry. As you rise through the ladder in the industry, once you become a marketing manager, you will be able to earn $143K on average. However, a business analyst in the industry earns an average salary of $78K in the USA. Summing Up In the field of consumer durables, you will be able to come across a wide range of opportunities, in addition to a large number of benefits. The reason behind this fact is that consumer durable products are available everywhere, and also, they are always in high demand. Apart from that, these products are easy to use and also have a high cost, which enables companies and workers to make a good profit. Read Also: Is Investment Managers A Good Career Path Is Finance Consumer Services A Good Career Path? How Many Jobs Are Available In Consumer Services?

8 Useful Tips for Personal Career Development

Technological advances are opening up more opportunities for professional development. No matter how old you are, it is important to not stop learning and instead of finding a new way to sharpen your skills. Keep reading to learn some useful tips from professionals in how to take advantage of available resources and achieve your goals in the career path 1. Be flexible in your career path: When making a plan for your future, always be flexible in your thinking. In fact, modern society allows us to explore various jobs during their lifetime. This means you don’t have to follow a single position but can make a switch to other areas. Just make sure to go for a field that you can find many opportunities to develop and find happiness when working. 2. Be ready to work with different people: Most of us often choose to work with those who have the same points of view. However, having someone who thinks and do differently can be useful in helping you develop and improve your capability. Being exposed to oppositions can be a great chance to stay out of your comfort zone and learn new things in your corporate life. 3. Make use of social media: These days, technology is an indispensable part of our life. Thus, you should make use of available resources for your development plan. Make sure you are consistent in these platforms to build your reputation with a unique personality. Try to open your social network and make a lot of friends. Be nice and helpful to everyone and potential clients or jobs will come to you anytime. 4. Have a mentor: Finding a mentor is probably one of the most effective ways to ensure you are on the right career path. With a lot of experience, he or she can teach you valuable lessons in both personal and professional life to grow. You can ask colleagues or friends to choose the right one. Another benefit is that a mentor can give you another perspective on every aspect to help broaden your horizon. 5. Enjoy your leisure time: Do not only focus on your professional career. Instead, it is better to spend your time on social activities and your hobbies. This will help you develop many essential skills which can be useful for your work. For example, participating in charity work can be a good way to develop your leadership skill. In some cases, if your passion is important enough, it can turn into your full-time job. After all, everybody wants to do something they like and make a living from it. 6. Step out of the comfort zone: One of the best things to develop yourself is to step out of your comfort zone and try to learn a new thing each year. Since the greatest growth will be the result of fear or discomfort, it is a good idea to make you feel stressed about what you do. For example, if you are afraid of digital tasks, then include them as a part of your plan to develop technical skills. You will be soon surprised at the benefits of this approach in your personal and professional life. 7. Consider online work: Virtual tasks are very flexible. This makes them a great option for those people who also want to be flexible in their schedule such as travelers or parents who cannot go to the office every day. So if you are in these situations, it is better to consider work because it will open up many opportunities to develop yourself as well as earn a lot of money right at the comfort of your home. Many people are not willing to take these positions because they want a stable salary. However, many freelancers can get a fixed contract with some companies. The key is doing research. 8. Find a person to complement each other: Another way to improve your capability is to find someone in your company who has opposite personality traits and try to be a perfect couple in work. Try to support and give him or her what you have so that both can grow together. As a result, when your boss is promoted, your chance will also be better. A typical example is the combination of an extrovert and an introvert. In this case, the synergy is powerful to ensure good cooperation between the two. Constant learning is the key to career development no matter which point you are in your life. Set your personal goal and try to learn new things each year. You will be amazed at the results. If you are looking for a high-quality writing service for academic or business purposes, Essays Match is an authentic writing service to choose. With many talented writers and experts, we can guarantee to deliver the highest-quality essays for your projects. Read Also: Fast-Track Your Career: 7 Things You Should Know About Executive Coaching Seeking A Healthy Career: 10 Tempting Medical Careers To Check Out You Need To Know The Pros And Cons Of A New Career In Real Estate 10 Easy Ways For Students To Improve Their Writing Skills

Locum Story: Long-Term Strategic Partners in Healthcare

Locum Tenens: How Common Is It?

The Future of Locum Tenens