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Monster Healthcare Joins with AACN on New Scholarship Program to Help Alleviate the Nurse Faculty Shortage

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Press Release
For Immediate Release

Monster Healthcare Joins with AACN on New
Scholarship Program to Help Alleviate the Nurse Faculty Shortage
 
Five $25,000 scholarships funded by Monster Healthcare to be awarded this fall.
Applications will be available on the AACN Web site in August 2005.

WASHINGTON, DC, and MAYNARD, MA, July 26, 2005 - Monster Healthcare and the American Association of Colleges of Nursing (AACN) today announced the creation of a new scholarship program to address the growing shortage of nurse educators. The Monster Healthcare-AACN Nursing Faculty Scholarship is designed to increase the number of nurse educators needed to expand student capacity in entry-level nursing programs.

"All efforts to address the shortage of nurses in the U.S. will fail unless we focus on increasing the supply of faculty needed to prepare new nurses," said AACN President Jean E. Bartels. "AACN applauds Monster Healthcare for recognizing one of the root causes of our nation's current nursing shortage and taking decisive action to address this concern."

Last year, AACN found that more than 32,000 qualified students were turned away from baccalaureate and graduate nursing programs due largely to a shortage of faculty. The Monster Healthcare-AACN Nursing Faculty Scholarship program was created to help increase the pool of doctorally-prepared nursing faculty needed to help bridge the faculty gap at schools nationwide. Students enrolled in either a Baccalaureate to Doctoral degree or a Doctor of Nursing Practice program will be eligible to apply for scholarship funding. Five scholarships in the amount of $25,000 will be awarded in Fall 2005. Students will be expected to use this money to cover living expenses which will allow the student to attend school full-time.

In addition to providing scholarship funds, Monster Healthcare will also provide students with part-time jobs (a minimum of 10 hours a week) to enhance the students' clinical experiences and give award recipients health benefits while enrolled in school. Upon graduation, students will be expected to serve in a teaching capacity at a nursing school for a minimum of one year for every year scholarship monies were received.

"This innovative faculty development program is quite timely given the large wave of nursing school faculty retirements expected over the next 10 years" added Dr. Bartels. "These scholarships will enable students to complete doctoral programs without an interruption in study which will succeed in bringing younger teachers into the profession. AACN hopes this program will serve as a model for other corporate citizens to follow."

"Monster Healthcare is proud to be aligned with the AACN in this effort to provide assistance for students who are dedicating their careers to teaching in the nursing profession," said Michelle Abbey, President, TMP Worldwide Advertising & Communications and leader of Monster Healthcare. "We are pleased to be able to offer our resources to address the changing recruitment needs within the nursing industry."

Complete scholarship information, including award criteria and an application for Fall 2005 awards, will be posted on the AACN Web site on August 15, 2005 with an application deadline of September 30, 2005. Winners will be chosen by a selection committee and notified by mid-October if their application was selected.

For more details on the nurse educator shortage, see AACN’s
Nursing Faculty Shortage Fact Sheet. Also see the AACN Web site for lists of Baccalaureate to Doctoral programs and Doctor of Nursing Practice programs.

 

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The American Association of Colleges of Nursing is the national voice for university and four-year-college education programs in nursing. Representing more than 585 member schools of nursing at public and private institutions nationwide, AACN's educational, research, governmental advocacy, data collection, publications, and other programs work to establish quality standards for bachelor's and graduate-degree nursing education, assist deans and directors to implement those standards, influence the nursing profession to improve health care, and promote public support of baccalaureate and graduate nursing education, research, and practice. Web site: www.aacn.nche.edu.

Monster Healthcare is a cross-functional team comprised of Monster®, the leading global online careers property, and TMP Worldwide Advertising & Communications division, a global HR communications and solutions provider, focused on applying innovative solutions to the unique challenges and opportunities of the healthcare recruitment sector. Both Monster® and TMP Worldwide are divisions of Monster Worldwide, Inc

Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster®, the leading global online careers property. The company also owns TMP Worldwide, one of the world's largest recruitment advertising agency networks. Headquartered in New York with approximately 4,500 employees in 26 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index. More information about Monster Worldwide is available at www.monsterworldwide.com.

CONTACT:

Robert Rosseter, 202-463-6930, ext. 231
rrosseter@aacn.nche.edu