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| Briefings on Long-Term Care |
| July 2008 |
| Improve retention rates by spending smarter: A financial approach to recruitment and retention |
| Staffing issues are an ongoing problem in many nursing homes. However, some homes are discovering that investing in retention also aids in recruitment.
The money you're spending on recruiting could be used instead on keeping people in their positions, says Barbara Frank, MPA, cofounder of B&F Consulting, whose office is based in Warren, RI.
"If it costs $3,000 when you lose an employee, could you give that employee some incentives or bonuses to stay instead?" asks Frank. |
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