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re: Layoffs all over
Posted on 6/14/22 at 8:10 am to Obtuse1
Posted on 6/14/22 at 8:10 am to Obtuse1
quote:
While somewhat of a chicken/egg argument hospitals have largely don't this to themselves. When hospitals pay travel nurses 3 times (or more) than what their normal pay is it just drives more nurses to travel so effectively 2 nurses switch jobs and both hospitals raise their labor cost for that one staff position multiple times and get nurses that are then likely less effective in their position because they are "new" to the particular hospital.
I know it is more complicated but this is a big part of the problem. Not such an issue before it became so widespread.
You’re exactly right. Part in response to extreme census in many places, part in response to layoffs in others who chose to layoff thinking they could rehire easily as electives were stopped in some states for much longer (NY, CA, etc). Part in response to the stress of those who stayed either having enough and cashing in for themselves for a while or being close enough and comfortable enough to retire. But what do you do when you’re over 100% occupancy and less staffed than you were in regular business that was based around 85-90% occupancy?
It’s starting to correct here lately as clinical staff come back “home” for a year or so of travel pay, but labor costs for rehires are higher than when they left. Not just nurses either, travel work just popped up for many levels of clinicians: nurses, surgical techs, MAs, etc.
0
Posted on 6/14/22 at 8:11 am to waiting4saturday
quote:
Little guys are going to be chasing barrels like crazy.
This is the only potential issue I see. But with the current administration the access to drilling is limited somewhat.
Posted on 6/14/22 at 8:11 am to oldcharlie8
quote:
come to the oilfield. it's busier than ever.
I don’t know…2016 through 2017 coming out of the 2014/2015 downslope was an unorganized mess for a while. It had good structure prior to Covid crash.
Posted on 6/14/22 at 8:12 am to lsu777
quote:
pretty sure petrochem industry is doing just fine right now, same with medical.
Petrochemical was doing incredibly well when natural gas and light ends where dirt cheap. They are still doing well now, but not as well as a year ago.
Fertilizer is/was printing money
Posted on 6/14/22 at 8:13 am to bonescanner
quote:
Like I said it is currently unsustainable. And like a previous poster stated, there is not enough students in the pipeline to fill the vacant positions. Its going to be rough for a couple of years in healthcare.
I think we’re going to look back on this as the inflection point that really broke healthcare. Lot was wrong before, which helped make this so bad, but I think it’s going to be more than a couple of years. It’s going to fundamentally change because I don’t think all of the shortages are going to correct appropriately.
Posted on 6/14/22 at 8:13 am to bonescanner
quote:
nurses, radiology, lab, pharmacy,
Is there a common denominator about these professions?
Posted on 6/14/22 at 8:15 am to Oilfieldbiology
quote:
Fertilizer is/was printing money
CF Industries set a first quarter record setting
1.2 billion.
We good
Posted on 6/14/22 at 8:15 am to WavinWilly
quote:
I've heard/seen this sentiment (both individual and company) too many times to believe differently. Eventually game theory will take over and somebody will try and capture as much market share as possible.
Maybe, but the current discipline that's allowing them to make serious bank is allowed them to weather 2018-2020 pretty well.
I hope these lessons aren’t soon forgotten.
Posted on 6/14/22 at 8:16 am to Oilfieldbiology
That is why I have some fertilizer manufacturing units for sale. Trying to put enough together for a client in Ukraine with a brand new ammonia plant to feed the train. The funny thing is that there is plenty in storage from last year, at least in barge ports up the Mississippi River.
Posted on 6/14/22 at 8:16 am to DabosDynasty
Wife is in health care and it really starts at the top. Drs make bad business people but when you let shady business people sweet talk you into big positions they try to treat everything like a factory or sweat shop and they cause the staffing issues.
Accounting can get away with some staffing shortages and such by working the new people to the bone and paying enough to keep vets around. Of course if you want out the cycle you can move size of firms and still make money with less stress.
Accounting can get away with some staffing shortages and such by working the new people to the bone and paying enough to keep vets around. Of course if you want out the cycle you can move size of firms and still make money with less stress.
Posted on 6/14/22 at 8:17 am to DabosDynasty
quote:
Certain specialties already had challenges that have grown worse.
Which ones?
Posted on 6/14/22 at 8:18 am to lsu777
A client is building a new distillation plant in Houston. All engineering is inhouse. Just sold but not yet shipped some large stainless distillation columns (thank you Obama alternative fuels from biomass plants for your epic failures) along with associated equipment and tankage. This is a small private company which landed a contract to process for a multinational.
Posted on 6/14/22 at 8:22 am to I Bleed Garnet
My employer (transportation) just increased sign on bonus from $10k to $20k.
Posted on 6/14/22 at 8:23 am to I Bleed Garnet
Gonna be a great time to get those minority numbers in check.
Which demographic and gender do you suppose will be let go first?
Which demographic and gender do you suppose will be let go first?
Posted on 6/14/22 at 8:26 am to bonescanner
quote:
it comes down to hire a travel nurse or other travel staff, or close beds and reduce capacity.
You forgot the third option of better compensation and treatment of staff nurses.
quote:
Believer me, I've tried hiring travel at a reduced rate, the agency will happily post your position for their staff knowing that no one is going to accept it and you will eventually raise your offer to the going rate. Like I said it is currently unsustainable. And like a previous poster stated, there is not enough students in the pipeline to fill the vacant positions. Its going to be rough for a couple of years in healthcare.
Starting to see how yall got in this pickle when you don't even acknowledge how you get there.
Posted on 6/14/22 at 8:26 am to Big4SALTbro
quote:
In fact almost all of my clients while even in a recession are pedal to metal buildings expanding and trying to hire.
That's incredibly dangerous for those companies. Imagine being overleveraged on new investments and not seeing a payoff due to the downturn.
Posted on 6/14/22 at 8:27 am to I Bleed Garnet
The layoff are all over! Nice. I didn’t realize people were getting let go. At least they are over and done with
Posted on 6/14/22 at 8:29 am to UnoDelgado
quote:
My employer (transportation) just increased sign on bonus from $10k to $20k.
For truck drivers? I know a guy that started driving trucks about 3 years ago and he’s living life and making bank.
If the shite hit the fan for me in my job, I’d consider it but I think a bad driving record would likely disqualify me.
Posted on 6/14/22 at 8:30 am to I Bleed Garnet
How can there be layoffs when consumer spending is high! The economy is fine!
This post was edited on 6/14/22 at 8:31 am
Posted on 6/14/22 at 8:31 am to ragincajun03
quote:
2016 through 2017
50% of drilling companies filed bankruptcy during this stretch.
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