The “Great Resignation” is evident in healthcare with hospital turnover exceeding every previous survey conducted by NSI Nursing Solutions Inc. This exodus was fueled by COVID, the competition for labor, employee burnout, and retirement. Healthcare executives need to be concerned since turnover is a leading indicator of future financial pressure, and patient & employee satisfaction.
- The national hospital turnover rate is 25.9%, with the median and mode recorded at 23.5% and 25.4%, respectively.
- Over the past year, hospital turnover increased 6.4% and ranged from 5.1% to 40.8%.
- Over the past 5 years, the average hospital has turned over 100.5% of its workforce.
- Last year, RNs exited the bedside at an alarming rate and hospitals shed 2.47% of their RN Workforce.
- In 2021, RN turnover increased by a staggering 8.4%, resulting in a national average of 27.1% and ranging from 5.1% to 64.1%..
