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December 1, 2022

AskAdvisory: How can I reduce turnover?

Daily Briefing

    Have a question but aren't sure how to find the answer? AskAdvisory can help. Our library of resources covers a wide variety of topics, including turnover and retention.

    Turnover and retention

    Two speech bubbles showing questions. "How can I reduce turnover at my organization?" and "How can I track and predict turnover?"

    According to Advisory Board's 2021 hospital turnover and vacancy benchmarks, turnover among health care workers has reached new highs in recent years:

    • Median turnover among full-time and part-time staff (excluding PRN, per diem, and casual staff) increased to 18.8% in 2021, up from 15.5% in 2020 and the highest figure Advisory Board has recorded in 15 years.
    • Median turnover for bedside RNs has also doubled over the past decade, going from 8.7% in 2010 to 18.8% in 2021.

    In addition, a survey from the American Association of Critical Care Nurses found that 67% of RNs said they planned to leave their current position within the next three years, compared to 54% in 2018. Of this group, 36% said they planned to leave within the next year, with 20% planning to leave within the next six months.

    To help your health care organization reduce turnover and better retain your workers, Advisory Board offers several resources, including:

    • 6 ways to keep your top talent amid the 'Great Resignation':  Record numbers of Americans across several different industries have quit their job as part of the "Great Resignation." This Daily Briefing article, which includes Advisory Board's own take, offers several strategies to help employers combat turnover and retain their employees.

    There are also different resources to help your organization keep track of and predict turnover more readily going forward:

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