Those numbers (click to enlarge the graphic at right that breaks it down) are from KPMG’s new survey on labor costs for full-time nurses in hospitals. It got surveys back from 120 CEOs, CAOs, COOs, CFOs, and HR directors.
- Recruiting costs — such as advertising, sign-on bonuses, relocation, and orientation — represent 1% of RN labor costs. Payroll represents about 78% of costs.
- The typical new-hire orientation and training program runs 233 hours (see the graphic at left, again click to enlarge).
- It takes on average 37 days to fill a permanent RN position.