Turnover is a major issue in the healthcare sector, which is why increasing employee retention is a top priority for many hospitals and clinics. You might think that higher salaries are the key to retaining workers. While salary increases may help, there are other powerful employee retention strategies you can use.
According to a Nursing Solutions, Inc. report the 2018 turnover rate in hospitals increased to 19.1%, the highest in the decade. The overwhelming majority of hospital separations, 92.7%, were voluntary terminations. Employees leave because they are choosing to. The epidemic isn’t confined to nursing staff. A Leaders for Today survey found that more than 47% of non-clinical admin employees plan to leave their position within two years and more than 42% of clinical admin staff will do the same.