How professional development retains more nurses
According to ANCC’s white paper, How Professional Development Retains More Nurses, “employer-provided development initiatives can positively impact job satisfaction, loyalty, tenure, and retention among nurses. They can also significantly lower organizational recruitment costs over the long term”.
With the average cost of turnover for a bedside RN ranging from $37,700 to $58,400 annually per nurse, a hospital can lose between $5.2 million and $8.1 million each year. Based on these calculations, every percentage reduction in RN turnover could save a hospital an additional $373,200.
Take a minute to learn more. “How professional development retains more nurses” provides valuable actions you can take to craft professional development programs that have significant benefits for your nursing staff and your organization.
Five Reasons why staff development is important
Professional development can help to ensure that you and your staff maintain and enhance the knowledge and skills needed to deliver a professional service to your patients, colleagues and the community. It also helps staff to advance in their careers and move into new positions where they can lead, manage, influence, and mentor others.
A structured training and development program can help to ensure all your employees have a consistent level of experience and knowledge. Your organization will also have the confidence of knowing your staff meets the skill level necessary for their career paths.
Training and development can help to ensure that your staff’s knowledge is relevant and up to date. This ensures that you and your staff are compliant with the latest regulations.
Even the best of employees has some weaknesses when it comes to their workplace skills. An ongoing training and development program allows you to find and address any weaknesses, helping your employees to be more all-rounded and better skilled at every facet of their job.
Training and development can help to increase an employee’s confidence within their role. Investment in training and development helps to show employees they are appreciated which can help them feel a greater level of job satisfaction.
Professional Development for your Staff
By investing in the optimum workplace for nurses, organizations demonstrate a culture of sustained excellence, resulting in the successful recruitment of top candidates and staff retention through high job satisfaction.
The ANCC, a division of the ANA Enterprise, Practice Transition Accreditation Program (PTAP) sets the global standard for residency or fellowship programs that transition registered nurses (RNs) and advanced practice registered nurses (APRNs) into new practice settings.
Our Magnet Recognition Program® is no small thing. To be recognized for outstanding patient care and service is one of the highest honors in nursing. The Magnet Recognition Program designates organizations worldwide where nursing leaders successfully align their nursing strategic goals to improve the organization’s patient outcomes.
The ANCC Accreditation Program identifies organizations worldwide that demonstrate excellence in Nursing Continuing Professional Development (NCPD). Accredited organizations use evidence-based ANCC criteria to plan, implement and evaluate the highest quality NCPD activities.
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