According to the recent Nurse Insights Study by HealthTrust Workforce Solutions, 55% of registered nurses are content to stay with their current employer, but 23% plan to leave and 22% are undecided. That’s a 45% risk of nurse turnover, which can not only disrupt patient care but also carries a high financial price — to the tune of $78 million in potential replacement and training costs.
Especially in today’s tight labor market, it’s important for healthcare employers to understand and address the primary drivers of nurse retention. Surprisingly, it’s not pay and benefits, but culture and leadership!
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