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
$
to
36,900 $
The cost of turnover for a
bedside RN ranges from
$36,900 to $57,300
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
1
2
3
4
5
Clarify your purpose
Recruit and hire intelligently
Create strong relationships
and communication
Continue performance management
throughout an employee’s entire career
Remain proactive
PARTNER WITH HEALTHSTREAM TODAY
TO COMBAT TURNOVER, RETAIN YOUR EMPLOYEES
AND IMPROVE OUTCOMES
IMPROVING OUTCOMES BY IMPROVING PEOPLE
Every patient deserves the best care, which can only come
from the best developed workforce. That’s why more than
4,000 organizations across the continuum of care use our
platform to manage talent — improving their people in
order to provide the best care to millions.
HealthStream.com/Talent
SOURCES
Carden, R. Ed.D. (January 2016). Is Your Organization A Revolving Door? HealthStream PX Advisor