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HealthStream Brands

Nurse Residency Pathway

Nurse Turnover Savings Calculator

See how much your facility could save by reducing nurse turnover.

Complete the form below to begin.

Nurse Residency Pathway

Nurse Turnover Savings Calculator

Please answer this question before calculating.

Do you the know the number of new graduates you hire per year?

Great! Enter the number of graduates:

This field must be greater than 0.

That's fine! Enter the number of RNs assigned to inpatient units:

Nurse Residency Pathway

Nurse Turnover Savings Calculator

Please answer this question before calculating.

Do you know the cost of turnover per RN at your facility?

Fantastic! Enter the cost of turnover per RN:

That’s ok. We’ll use the national average.

Nurse Residency Pathway

Nurse Turnover Savings Calculator

Please answer this question before calculating.

Do you know the turnover rate for first year RNs at your facility?

Outstanding! Enter the turnover rate for first year RNs:

That’s ok. We’ll use the national average.

Nurse Residency Pathway

Nurse Turnover Savings Calculator

By just reducing turnover by 3%, you could save:

$59,324

Estimated Cost for First Year Turnover: $432,000


These estimates were based on the following:
New Graduates per Year: 6 (Est. 10% of RNs Are New Graduates)
Cost of Turnover/Nurse: $8,000.00 (National Average)
RN Turnover Rate: 16.4% (National Average)

If you did not enter actual data for your institution’s turnover rate or average nursing salary, calculations are based upon national averages of 16.4% overall RN turnover, $65,470 RN salary, and replacement costs of 1.3 x salary.*

*Sources: Turnover, RN Salary - US Bureau of Labor Statistics December 2015, Turnover Costs