Nurse turnover is not just a pressing workforce issue but a multimillion-dollar financial drain. In one system, 360 separations in medical–surgical units cost $27.9 million, with each turnover exceeding $85,000. Application of the RETAIN Framework uncovered these costs and provided the evidence that guided a $150 million system-wide investment in nurse compensation and retention. This session will share how the framework was applied and the lessons learned from its implementation. Learning Outcomes
State the current per-nurse cost of turnover using the RETAIN Framework.
Explain how to apply the RETAIN Framework to support workforce investment.
description
Nurse turnover is not just a pressing workforce issue but a multimillion-dollar financial drain. In one system, 360 separations in medical–surgical units cost $27.9 million, with each turnover exceeding $85,000. Application of the RETAIN Framework uncovered these costs and provided the evidence that guided a $150 million system-wide investment in nurse compensation and retention. This session will share how the framework was applied and the lessons learned from its implementation. Learning Outcomes
State the current per-nurse cost of turnover using the RETAIN Framework.
Explain how to apply the RETAIN Framework to support workforce investment.
Resources
You must be
logged in and have purchased
access to this course to
view/download the handouts.