Health Care Talent Network
New Jersey’s Health Care Talent Network (HCTN) builds partnerships in the health care industry to develop and support health care in the Garden State and formulate strategies for competing at the regional, national, and global levels.
The HCTN, led by Rutgers, The State University of New Jersey connects with businesses, educational institutions, workforce organizations, training groups, and community- and faith-based organizations to gather ground-level intelligence on the industry to make informed decisions on high-quality public workforce investments and expand the number of New Jersey residents with industry-valued credentials or degrees.
- Develop industry intelligence: Creating and implementing effective workforce and education programs requires an accurate and timely understanding of business needs. The HCTN works closely with labor market analysts from the New Jersey Department of Labor and Workforce Development to provide a crucial source of information on the workforce needs of the industry. The HCTN hosts an Industry Summit to gather intelligence and inform key workforce stakeholders of essential employer needs and produces an annual Industry Workforce Report. Additionally, the HCTN engages employers and industry associations to contribute to the Industry-Valued Credentials list.
- Develop high-quality, employer-driven partnerships: The HCTN works closely with businesses, Workforce Development Boards, educational institutions, training groups, and community- and faith-based organizations to develop high-quality, employer-driven partnerships known as Targeted Industry Partnerships (TIPs).
Return on Investment for Businesses to Join TIPs
- Gain the distinction of becoming an industry champion and receive priority on applications for New Jersey Department of Labor and Workforce Development training grants.
- Access the Targeted Industry Partnership (TIP) fund, which will support implementation of the strongest workforce investment ideas developed by the TIPs.
- Spearhead discussion on the priorities of your industry with business, workforce development, education, and state officials to shape the future of your industry.
- Network with regional businesses in your industry to promote innovation, collaboration, and efficiency.
The HCTN works in areas of the state that have a concentration of health care businesses to:
- identify workforce needs and common skill gaps to determine in-demand skills, abilities, and credentials.
- develop a workforce strategy (formalized in a written plan) to satisfy workforce needs and close skill gaps.
- develop sustainable TIPs through commitments from partners.
- Health care is the only industry that has added jobs in the state every year from 1990 through 2015 while increasing its share of jobholding from 7.5 percent in 1990 to 11.9 percent in 2015. From 1990 through 2015, the health care sector has added 205,600 new jobs, while all other private sector employment has had a net increase of 144,000 jobs.
- The outlook for health care employment is bright. From 2014 through 2024, it is projected that 85,300 jobs will be added, an annual increase of 1.7 percent.
- Health care employers paid nearly $25.5 billion in total wages in 2015, or about 12.4 percent of all wages paid in the private sector.
- Employment estimates reveal a dramatic change in the landscape of health care delivery away from the traditional hospital setting and toward ambulatory and outpatient services. Ambulatory health care services surpassed hospitals as the top employer in the health care sector in 2003, and has widened the gap every subsequent year. In 1990, hospitals accounted for 47 percent of health care delivery and ambulatory health care services accounted for 35 percent. 2015 statistics demonstrate the dramatic change: hospitals accounted for 33 percent and ambulatory health care services accounted for 47 percent.
- The number of urgent care facilities (freestanding emergency medical centers) has nearly doubled from 139 in 2004 to 244 in 2015. Employment in these urgent care facilities has more than doubled from 2,712 in 2004 to 6,107 in 2015 as their popularity continues to spread.
- There are 75 hospitals in New Jersey that serve the state’s population of more than 9.2 million residents with 3 percent or 13 percent ethnic population, and a 2 million floating population. Their locations tend to be clustered around the state’s two primary highways (the New Jersey Turnpike (Interstate 95) and the Garden State Parkway), and near high population centers across state boundaries from New York City and Philadelphia.
- Approximately 82 percent of the state’s population resides in municipalities within 25 miles of a level 1 trauma center, and 96 percent live within 25 miles of either a level 1 or level 2 trauma center.
- There are more than 71,000 registered nurses in New Jersey, which accounts for nearly 15 percent of all health care employment. The annual average salary earned is nearly $80,000, which is much higher than the statewide average for all occupations of roughly $55,000.
- Data shows a steady and gradual change toward an older workforce in the health care industry. From 1997 to 2014, the number of health care workers aged 65 and older have nearly tripled. There were more people working between the ages of 55-64 than there were between the ages of 25-34.
- Females outnumber males by a 3 to 1 margin in the health care workforce.
- Mergers and acquisitions play an important part in the health care landscape. Many hospitals are acquiring home care agencies or opening their own facilities. With regard to mergers, larger hospitals are combining to form conglomerates:
- Health care information technology will have 1.2 million jobs in New Jersey alone by 2017.