Hospital leaders should be more flexible when it comes to nurse retention

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