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This question is about nursing statistics.
What is the average annual turnover rate for nurses?
The average annual turnover rate is 17.8%. This means that 17.8% of a hospital's RN staff will no longer be there the next year. It's important to note that this is the rate for hospital-employed RNs, and variations in nursing specialties and geographic location can swing the rate from anywhere between 8.8% to 37%.
These high turnover rates don't just impact other nurses' working situations and patients' outcomes: They impact hospitals' bottom lines as well. One study found that moving the turnover rate by just 1% could cost or save the average hospital $306,400 a year, depending on which way the percentage moved.
In addition, hiring and training new nurses and paying current ones overtime can cost hospitals $5 million a year - money they could be putting into improving patient care and expanding their services.
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