Table 3

Illustrative Examples of the use of Turnover Costs Data

a) Nurse Turnover Costs as a percentage of the paybill

b) Cost Saving of reduction in Turnover


Turnover cost = 500 × 7% × $8000 = $280,000

[assumes turnover reduced from 7% to 5%]

Paybill = 500 × $20,000 = $10,000,000

Saving = 500 × (7%- 5%) × $8000 =

    $80,000

    Turnover costs = 2.8% of paybill


Source: Author

Buchan Human Resources for Health 2010 8:29   doi:10.1186/1478-4491-8-29

Open Data