Six Low-Cost ‘Action Items’ to Recruit and Retain Nurses

HealthLeaders Media October 31, 2022
John Commins

KaufmanHall examines strategies hospitals are using to overcome chronic clinical staffing shortages.

KEY TAKEAWAYS

– Nearly half (46%) of the 86 respondents to the management consultant’s 2022 State of Healthcare Improvement Report say that reducing labor costs provides the greatest opportunity for cost reductions.

– However, virtually all of the respondents (98%) say they’re bumping up starting wages, 84% are offering signing bonuses, 73% are offering retention bonuses, and 47% are paying for more overtime hours.

Chronic staffing shortages and high labor costs were the biggest “pressure point” cited by scores of hospital executives across the nation in a recent survey from Kaufman Hall.

While nearly half (46%) of the 86 respondents to the management consultant’s 2022 State of Healthcare...

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