Workforce: Staff retention is biggest challenge in tackling workforce shortages
With nurse turnover having huge financial implications for employers, it is little wonder nurse retention is now a major objective for both Health Education England and NHS Improvement, says workforce expert James Buchan
Every nurse who leaves an organisation incurs big costs. Research shows the financial impact of nurse turnover on an employer is equivalent to at least several months’ salary per nurse.
Lost productivity, and the time and cost of finding replacement nurses, are major concerns for most NHS trusts. At a time of nursing shortages these problems are exacerbated.
So it is little wonder that improving nurse retention has been flagged as a major objective by both Health Education England and NHS Improvement (NHSI) – retain one more nurse and...
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