For healthcare companies, recruiting and retaining top talent is more crucial than ever before. The industry has quickly become an employee's market, and there are no signs of that changing in the foreseeable future.
Healthcare is adding jobs at a rate almost double that of other industries. This means healthcare employees — whether they're A+ or C- candidates — have plenty of job options to choose from. Workers know their skills are in high demand, and they're not afraid to leave jobs in pursuit of something better.
The healthcare industry's turnover problem is growing year by year. The pandemic exacerbated the problem with total employee turnover coming in at just under 40 percent in 2021. Nurses are especially difficult to retain — 34.81 percent was the RN turnover rate in 2020. And in 2021? That percentage jumps to 40.45 percent.
Our eBook provides a thorough overview of how turnover is affecting everything from quality of care to profitability. It also relays crucial tips as to how you can reduce turnover within your organization.
Here's a little recap of what's included in our eBook…
The challenge of employee turnover
A spiral of talent loss and threats to quality of care
The true cost of employee turnover
The 5 most common reasons for employee
The 3 most common hiring mistakes in healthcare
5 keys to reducing employee turnover