About 82 percent of U.S. hospitals say their annual RN attrition is between 1 and 20 percent, with an average rate of about 
14 percent.
Those numbers (click to enlarge the graphic at right that breaks it down) are from KPMG’s new survey on labor costs for full-time nurses in hospitals. It got surveys back from 120 CEOs, CAOs, COOs, CFOs, and HR directors.
Other findings:
- Recruiting costs — such as advertising, sign-on bonuses, relocation, and orientation — represent 1% of RN labor costs. Payroll represents about 78% of costs.
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The typical new-hire orientation and training program runs 233 hours (see the graphic at left, again click to enlarge). - It takes on average 37 days to fill a permanent RN position.
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Nurse Turnover in Hospitals » US Hospital Careers – Hospital Career News & Information Jun 8, 2011 at 5:20 pm
[...] Read more at ERE.net. [...]
Keith Halperin Jun 8, 2011 at 7:02 pm
This is interesting, Todd. I would have expected a higher TO rate, and longer time-to-hire.
Perhaps hospitals have worked to reduce TO and time-to-hire….
Joe Goss Jun 9, 2011 at 9:44 am
@Keith –
Strictly anecdotal, but I have heard that the recession stopped a lot of nursing turnover (nurses decided to stay in the field longer, taking extra shifts, coming back into the field because of need for cash). I did hear that recent graduates had a much greater level of difficulty finding jobs than in the past.
Todd Raphael Jun 9, 2011 at 10:36 am
Joe, I have heard the same, totally anecdotal also – fewer people retiring. I’m sure the shortage will return.
Keith Halperin Jun 9, 2011 at 6:23 pm
Thanks, Joe and Todd.
-kh
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