Issue 3: Will Non-Retiring Baby Boomers Upset Younger Pharmacists?

January 18, 2011

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A Letter From Kevin

Will Non-Retiring Baby Boomers Become Bad News for Younger Pharmacists?

Welcome to PharmacyWeek’s Blog,

Last week I cited that 2011 marks the first year Baby Boomers begin to turn age 65 and become eligible for Medicare. I also predicted this would inevitably lead to Boomers beginning to retire in mass numbers. However, this doesn’t seem to be the case.

I am speaking with more and more older pharmacists who say they won’t be retiring anytime soon.  One might postulate this may lead to the same repercussion happening in Europe. Governments across Europe have lifted retirement ages as part of austerity packages to cut record budget deficits, which has caused a tremendous backlash from younger workers, who are basically telling the older workers to get out of the way so they can have jobs. With many 2010 grads still looking for work and a fresh crop due to graduate soon do you see this sort of response happening in America as well?

In other news, even though PharmacyWeek recently released the new pharmacy salary figures, we’re getting ready to go for the Spring 2011 Mercer Pharmacy Compensation Survey.  If you think your employer should be in this important survey please forward their contact info to me and I will send them an invitation. If you haven’t already seen the Fall 2010 results, click here.

I also mentioned last week we are getting ready to announce a potential paradigm shift in how you maintain your credentials.  If you want to be the first to know about this please email me at kevin@pharmacyweek.com.

Outside of all the new openings listed in this issue, Mayo Clinic, Regence Blue Cross Blue Shield, Driscoll Children’s Hospital, Centura Health and Oceania University of Medicine also came in with new ads this week. If you’re looking to expand your health care career, Oceania University of Medicine is looking for pharmacists who want to earn their MD at the first internationally accredited medical school in the South Pacific. If you have an opportunity to review the ad please let me know what your thoughts are.

It appears the economy is beginning to heat up and I’m seeing a general increase in hiring activity throughout the country. What’s more is that the Wall Street Journal recently reported business schools are seeing a dramatic increase in on-campus hiring. Manufacturing Business Technology also reported today that U.S. businesses added to their inventories for an 11th consecutive month in November as sales posted another strong increase. According to MBT, gains in inventories have been a key factor supporting the overall economy. Rising orders to factories have led to increased production and hiring gains in manufacturing. And that is the kind of news we need to continue to hear for this economy to bring itself back to a stronghold for other careers such as pharmacy.

As for your own career, I am always open to discussing any work related issues you would like to talk about and encourage you to contact me anytime at the following email (listed above) or cell number 210-872-6160. Thanks and have a great week!

Kevin Mero

President

 

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