Kathy Douglas RN, MPH-HA, Chief Clinical Officer with ShiftHound
In the constant search for cost savings in healthcare operations, employee turnover is a culprit many would like to address. In acute care, turnover rates run around 20%, in long term care the number jumps to 70%. While opinions on replacement costs vary, between 50% to 150% of annual salary, there is agreement that employee churn is an expensive drain on the bottom line.
It may not be immediately intuitive that implementing the right staffing automation solution can significantly impact turnover. What motivates an employee to stay or leave a job can be complex. Given the many factors that influence turnover, it is not surprising that an initial response to staffing technology being part of the solution would be one of doubt or even dismissal. On closer examination however, compelling evidence of the relationship between staffing solutions and turnover can be uncovered. Let’s take a look at a few. [Continue reading]