You’ve heard it over and over: It’s more expensive to replace an employee than to retain one. A 2015 study, “The impact of human resource practices on employee retention in the telecom sector,” published in the International Journal of Economics and Financial Issues, reports that costs associated with a person leaving unexpectedly are usually 2.5 times greater than that person’s salary.
“So why not invest those dollars back in the people who already work for you to help retain them?” the authors ask.
Good question. To learn how to retain nurses, visit SelfCare for HealthCare. Contact me today to discuss implementing our powerful nurse and healthcare consultation program to improve nurse performance, satisfaction, and ultimately, retention.