The Costs of Nurse Turnover: Part 1: An Economic Perspective

Nurse turnover is costly for healthcare organizations. Administrators and nurse executives need a reliable estimate of nurse turnover costs and the origins of those costs if they are to develop effective measures of reducing nurse turnover and its costs. However, determining how to best capture and...

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Veröffentlicht in:The Journal of nursing administration 2004-12, Vol.34 (12), p.562-570
1. Verfasser: Jones, Cheryl Bland
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description Nurse turnover is costly for healthcare organizations. Administrators and nurse executives need a reliable estimate of nurse turnover costs and the origins of those costs if they are to develop effective measures of reducing nurse turnover and its costs. However, determining how to best capture and quantify nurse turnover costs can be challenging. Part 1 of this series conceptualizes nurse turnover via human capital theory and presents an update of a previously developed method for determining the costs of nurse turnover, the Nursing Turnover Cost Calculation Method. Part 2 (January 2005) presents a recent application of the methodology in an acute care hospital.
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subjects Accounting
Business costs
Costs and Cost Analysis
Education, Nursing, Continuing - economics
Efficiency, Organizational
Employee turnover
Humans
Inservice Training - economics
Models, Econometric
Nurse Administrators
Nurses
Nursing
Nursing Administration Research
Nursing Staff - economics
Nursing Staff - education
Nursing Staff - supply & distribution
Personnel Selection - economics
Personnel Staffing and Scheduling - economics
Personnel Turnover - economics
Salaries and Fringe Benefits - economics
title The Costs of Nurse Turnover: Part 1: An Economic Perspective
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