Page 12 - FY 2025 NRR Annual Report
P. 12

Nurse and PA Recruitment and Retention Annual Report FY25  12
    RETIREMENT ELIGIBILITY  (UMPNC)
    FORECASTED RN RETIREMENTS AND WORKFORCE PLANNING

    Over the next four years, the number of UMPNC (University of Michigan Professional Nurse Council) nurses eligible to
    retire is projected to increase by 52%. This sharp rise intensifies the urgency for ongoing workforce planning to
    maintain stable staffing and high-quality patient care.

    Per Diem and RN TEMP positions are being offered to nurses who are approaching retirement. These flexible roles
    allow experienced nurses to continue contributing, easing transitions and reducing knowledge loss. Retaining retiring
    nurses in part-time or temporary capacities helps buffer staffing fluctuations.

    While flexible positions help, further efforts are required to address anticipated gaps and ensure continuity.
    Strategies include succession planning, targeting new graduates and mid-career professionals, and retention
    programs that focus on job satisfaction, career growth, and work-life balance for nurses at all stages.

     1000
                                                 Source: HR Decision Support 2025
                                                                                                                 916
      800                                                                                              842
                                                     756
             706                                                                             705
      600                        626       667
                       596                                               588       601
                                                               548
      400


      200

           14.5%     10.4%     10.5%      11.0%     12.1%     8.2%      8.7%      8.6%      10.1%     12.1%     13.1%
        0
             2018      2019      2020      2021      2022      2023      2024      2025      2026      2027      2028


   OUR NURSING WORKFORCE CONTINUES TO STRENGTHEN
    RETIREMENT ELIGIBILITY                             (LEADERSHIP)


    DEMAND FOR NURSING LEADERS KEEPS GROWING, AS DO REASONS TO GROW OUR OWN


    By 2029, over 22% of our Nurse Leaders—including Clinical Nursing Directors, Nursing Supervisors, and executive
    leadership—may be eligible to retire. At the same time, demand for Nursing Leaders is expected to rise, both within
    Michigan Medicine and across the healthcare industry. This represents a 71.7% increase anticipated from 2025 to
    2029.
    The potential retirement of a substantial portion of nurse leaders is a critical vulnerability, risking loss of institutional
    knowledge, expertise, and leadership continuity. The competitive environment for nurse leaders across the profession
    may make recruitment more challenging.

    Given the significant percentage of nurse leaders approaching retirement over the next 5 years, it is critical to create
    and implement structured leadership succession plans within Michigan Medicine. This approach not only ensures
    continuity and stability but also mitigates the risks associated with sudden leadership vacancies.
       60                                        Source: HR Decision Support 2025

       50                                                  53                                                     53
                                                  47                                                     47
       40    42                          41                                                     40
                                36                                                     35
       30             32                                            33       31

       20

       10
           18.2%     13.5% 15.2%       17.3% 22.6%       23.6%    14.1%    13.1%    14.8%     16.9%    19.9% 22.5%
        0
            2018      2019     2020     2021     2022     2023     2024     2025      2026     2027     2028     2029
   7   8   9   10   11   12   13   14   15   16   17