That number is probably making you a little you sick. Most of our clients start hyperventilating when the reality of that number sets in. It's completely normal. At first, we were pretty shocked by it too. The CDC reports that some hospices have as much as 75% employee turnover each year!
Think about what that means to your hospice in terms of substandard patient care, lost profits, missed opportunities, and untapped potential. In fact, just take a moment and let that sink in.
Just imagine... what would it mean to your business if you could recruit, keep, and train the best employees? What would you be able to do that you are currently missing out on, because you are too busy working in your business to actually start working on your business?
There is nothing you can do to change the past. All the money you left behind is gone forever.
Now that you know about what your training program (or lack of a cohesive program) is costing you, there is something you can do about it... something that can add significant money back into your business each and every year.
They proved that People are begging to be trained, inspired, and directed. Your employees want to feel like they are contributing to the success of your hospice (not just a necessary --but replaceable—cog in the wheel).
Think about how much more engaged and productive your employees would be if they had the right type of training that teaches them to focus on increasing your hospice's top and bottom line. How would your patients and their families react to your energized and empowered employees? Imagine how much more effective your hospice would be if everyone shared your vision for success.
*Based on the industry average of 30 employees per hospice, a reduction of 50% of the industry average of 50% annual employee turnover, and 150% employee replacement cost. (http://www1.salary.com/Staff-Nurse-RN-Hospice-Salary.html)