I agree with you that the nurse administrator needs to find ways to maintain their workforce due to the cost of hiring new nurses and to reduce turnover rate. The Robert Wood Johnson Foundation funded the RN Work Project for 10 years, which is a longitudinal panel study in the United States showed, that the 1-year turnover rate among all newly licensed RNs was 17.5%, and the 2-year turnover rate was 33.5%. Newly licensed nurse turnover is lower in hospitals than in other healthcare settings, such as ambulatory or long-term care, because newly licensed nurses typically seek hospital jobs (Stokowski, 2014). Our hospital encourages the nursing staff to further their education by offering tuition reimbursement, incentives of $1, 000 for nursing
