This is not a nursing turnover.
When nurses leave a facility, this research says:
- “costs of nurse turnover have reported results ranging from about $22,000 to over $64,000 (U.S.) per nurse turnover”
- “Turnover costs, in general, have been estimated to range between 0.75 to 2.0 times the salary of the departing individual”
The cost to facilities also includes:
- Advertising and recruitment
- Vacancy costs (e.g., paying for agency nurses, overtime, closed beds, hospital diversions, etc.)
- Orientation and training
- Decreased productivity
- Potential patient errors, compromised quality of care
- Poor work environment and culture, dissatisfaction, distrust
- Loss of organizational knowledge
- Additional turnover
The real questions are:
Is there really a nursing shortage?
Do facilities assess and measure nurse retention?
Do they conduct exit interviews to find out why nurses leave?
Do employers attempt to address issues that affect low morale?
What is the average amount of experience for the nurses at that facility?
Are employers even asking these questions?
Here is the original research article: