With the cost of replacing departed or retiring nurses often on the minds of hospital executives, they must consider new approaches toward retaining nursing staff, according to Hospitals & Health Networks Daily. These include allowing nurses to set self-staffing policies, reducing the amounts of mandated overtime and permitting more quality-of-life initiatives that take into account nurses and their family members and obligations. Given the current cost of replacing a nurse is about $82,000 and annual turnover is about 14 percent, organizations must ramp up such initiatives in the near term. Read the full article at FierceHealthcare