Nursing Staff Engagement Key to Retention and Performance Research consistently shows that sustainably engaged employees outperform their non-engaged coworkers. Even a small improvement in productivity can have a positive effect on your organization’s performance and competitiveness. ~ Towers Watson It’s difficult enough to keep employee engagement at high levels during the best of times, let alone in times of massive change. We’re now nearly five years into the Affordable Care Act and many healthcare employees are experiencing ‘change fatigue’ in addition to the normal wear and tear that tough economic times has on people. For many healthcare providers, it’s a good time to use re-engagement strategies to boost morale, retention, and performance. HR consulting firm, Towers Watson, has been studying workforce engagement in the healthcare industry for several years and has “consistently seen a strong relationship between higher levels of engagement and higher levels of retention.” Further, when employee engagement improves, so too does performance in the form of better patient outcomes, HCAHPS scores, and reduced safety incidents among other metrics.

Healthcare Reform

Highly Negative about Healthcare Reform In one Towers Watson study, nearly 90% of healthcare workers reported that they held highly negative emotions about the long-term [+]

If you’ve hired a newly-licensed RN, there’s a 1 in 5 chance they’ll leave within their first year on the job, according to a study by the RN Work Project. If they make it past the first year, you’re facing 1 in 3 odds that they’ll leave before completion of their second year of employment. By the 8th year on the job, only 40% of newly-licensed nurses will still be working for your facility. These are just some of the study results of the RN Work Project, through funding from the Robert Wood Johnson Foundation, to study the career path of newly-licensed registered nurses. The study began in 2006 to survey new nurses and track their career trajectory. The study ends in 2015. The goal is to understand the reasons behind nurse turnover so that healthcare providers can improve recruitment and retention strategies. Cost of nurse turnover The Cost of Nurse Turnover Registered Nurses play a pivotal role in the profitability of healthcare facilities. The financial cost for the turnover of each nurse is estimated to be twice their annual salary. For each percentage increase in nurse turnover, hospitals are estimated to lose $300,000 in profit. To give [+]

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