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Is Your
Organization
A Revolving Door?
Healthcare HR departments are constantly
under pressure to deliver a first-rate workforce.
Contributing to this pressure is employee turnover —
one of the most costly issues for organizations.
THE PROBLEM
HIGH TURNOVER
17.2%
16.4%
Turnover rates have steadily increased over
the last four years, with the current
rate at 17.2%
RNs, the largest segment of healthcare
employees, have a similar current turnover
rate of 16.4%
57,300 $
36,900 $
The cost of turnover for a
bedside RN ranges from
$36,900 to $57,300
to
Turnover rates for new nurses is
a substantial problem and ranges
between 13-75%
13%
75%
REASONS FOR TURNOVER
Absence of retention strategies
Heavy workload
Lack of advancement opportunities
Inadequate staffing
Poor working conditions
Job satisfaction
Ineffective management and pay
THE SOLUTION
5 STEPS TO AVOID THE HIGH COST OF TURNOVER
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