Report: Nursing in 2023 – How Hospitals are Confronting Shortages

Nursing turnover is a significant problem for healthcare providers, and the COVID-19 pandemic has made it worse. According to a recent survey, 31% of nurses are likely to leave their direct patient care jobs in the next year, compared to 22% in 2021. Inpatient registered nurses have the highest intent to leave. Recent studies also showed a higher number of actual turnover rates. Healthcare organizations must attract, support, and retain a vibrant workforce by implementing initiatives such as recognizing nurses’ contributions, increasing communication, and embedding breaks into the operating model.

McKinsey & Company’s report highlights how 1 in every 3 nurses intend to leave their current jobs. Insights and resources are discussed which can assist hospitals and organizations as they continue their journeys of attracting, supporting and retaining a vibrant workforce, as well as promoting longer-term workforce stability.

“To recruit staff, health systems should ensure that their value proposition is aligned to the workplace elements that nurses consider most important—especially when differentiating on compensation is less feasible. Aya Healthcare, a healthcare-talent software and staffing company, found that hospitals seen as a great place to work paid less to secure talent throughout the pandemic. In fact, hospitals seen as great places to work had labor compensation rates 11 percent lower than those without this advantage.”

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