Cost savings from reduced turnover alone can be a major money-saver. From hiring costs to overtime pay to cover empty positions, to time and resources dedicated to onboarding, high turnover rates are something every hospital administrator has their eye on.
So the next time your budget goes under review or you have to justify a learning and career development expense, you'll be better prepared!
Can you check all these items off the list in your organization? Do you know what portion of your entry level are experiencing each of these? What about your mid-level and first time supervisors? What can you do this year to improve one or more of these areas? Take control of turnover costs and help your patients feel how much ALL of their care team wants to be there.