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.