The Challenge
The US Bureau of Labor Statistics estimates that 275,000 additional nurses are needed in the workforce. This shortage will likely grow in the coming years given that turnover rates are on the rise and one million registered nurses are expected to retire by 2030.
The need for nursing leadership is just as dire. Studies have shown that over 50% of nurse leaders plan to leave their current positions within the next five years, which is troubling since nursing leadership continuity has a direct impact on overall nurse retention as well as patient outcomes.
Not only do hospitals need to recruit and retain nursing professionals at all levels, they need to be able to do so in a cost-efficient manner.
Our Solutions
We design benefit programs that are tailored to meet the needs of all types of nursing professionals. These programs help organizations achieve market distinction and better position themselves to navigate current and future nursing shortages without harming their bottom lines.
Our programs can be designed to provide a balance of short-term and long-term rewards, encouraging loyalty without sacrificing the attraction-power of immediate incentives. Nurse retention can also be improved by linking compensation to desired outcomes, which aligns nurses and administrators behind common goals.
Nurses’ Advantage Plans
Want to Learn more? Let’s Talk
Every healthcare organization is unique. Our solutions are designed to be customized in order to fit your needs. If you would like to find out more about us and our solutions or simply discuss your organization's compensation challenge, complete the form below and we will arrange a call with one of our consultants.
