As we battle the great resignation during pandemic and up to this very day. The talent war and salary competition are also in play across industries. For the healthcare industry, there has been an increase in the salary offers for nurses in order to retain and attract talents. Based on the Kaufmann Hall report, the median salary from 2019 was $64 per hour, increased to $71 per hour by 2020, then rose up to $103 per hour in 2021 and at the beginning of 2022 soared up $13 per hour. A lot of organizations who suffered from attrition also turn to interim solutions and hire short term travel nurses to address staffing.
Despite the increase in pay, our modern world has yet to look into the gender pay gap issue. Wherein for every 1 dollar earned by men, 83 cents is earned by women. In 1963, the Equal Pay Act was passed in order to address this issue, the law says “The Equal Pay Act requires that men and women in the same workplace be given equal pay for equal work. The jobs need not be identical, but they must be substantially equal. Job content (not job titles) determines whether jobs are substantially equal.” There are many factors that still affect pay for both genders. However, if you look at the graph from the Bureau of Labor Statistics, we can see that the gap has narrowed since the Act’s conception (see above image).
Truly, there are still a lot of factors we need to consider in terms of pay gap - there is age, amount of working hours, educational attainment and the household they support. Nonetheless, the graph above gives a ray of hope that time will come we finally close the gap across genders.