Abstract

Stay interviews, a cost-effective tool, enable employers to identify and address potential issues, increasing employee satisfaction and reducing turnover rates. The average cost of turnover for one Registered Nurse, as per various data sources, ranges from [$46,100 to $ 61,100]. By implementing Stay Interviews, an increase in hospital savings can underscore the financial benefits of this strategy in the competitive landscape of employee engagement and retention.

A shared governance structure, alongside our commitment to true collaboration, addressed the organizations turnover issue. Nurses from the Healthy Work Environment and Staffing Committee and a diverse interprofessional team comprising of nursing leadership, clinical nurses, marketing, information systems, quality department, and human resources were instrumental in deciding how to implement Stay Interviews. The quality improvement Plan-Do-Check-Act (PDCA) cycle was used methodology to address the project. The team decided to rename the Stay Interviews "Care and Retention Rounds (CARR)." The interprofessional team's collaborative efforts led to the creation of structured questions and scripted guidance for leaders, a toolkit, an education and communication plan, and an electronic submission form to track and trend interviews.

Results/outcomes
Monthly CARR interview counts, and turnover rates are disseminated to the Nursing Leadership.
All Employee Turnover
2022=17.8,
2023=14.79
2024=7.18 (Jan-Jun)

RN turnover
2022=17.09
2023=14.74
2024=6.50 (Jan-Jun)

CARR takes place at a minimum of once a year for all employees. CARR provides dedicated time for leaders to identify ways to support and encourage employees in their current workplace and learn why employees stay so we can continue to "get it right." CARR allows leaders to help employees develop professionally and advocate for their career goals, while keeping employees engaged and encouraging them to recruit for Valley.

Notes

References: Finnegan, R. P. (2015). The stay interview: A managers guide to keep the best and the brightest. New York, NY American Management Association.
Owens, R., Burwell, P. M., Deese, S., & Petros, T. 2021, Graduating nursing student and practicing nurse perceptions on promoting recruitment, work satisfaction, and intent to stay: A qualitative study. Journal of Nursing Regulation (11)4.

Owens, R., Burwell, P. M., Deese, S., & Petros, T. 2021, Graduating nursing student and practicing nurse perceptions on promoting recruitment, work satisfaction, and intent to stay: A qualitative study. Journal of Nursing Regulation (11)4.

Robeano, Karen. 2017, “Stay interviews” to improve retention. Nursing Management 48(9). P. 7-8.

Description

The learner objective with stay interviews and turnover:

1. Define stay interviews and their purpose
2. Recognize the benefits of stay interviews
4. Identify factors influencing turnover
5. Develop retention strategies based on stay interview insights

Author Details

Josephine D. Bodino, DNP, MPA, RN, NEA-BC, HN-BC; Jason Gruia, MSN; DeAnna Kearney, MSN

Sigma Membership

Non-member

Type

Presentation

Format Type

Text-based Document

Study Design/Type

N/A

Research Approach

N/A

Keywords:

Workforce, Interprofessional initiatives, Acute care

Conference Name

Creating Healthy Work Environments

Conference Host

Sigma Theta Tau International

Conference Location

Phoenix, Arizona, USA

Conference Year

2025

Rights Holder

All rights reserved by the author(s) and/or publisher(s) listed in this item record unless relinquished in whole or part by a rights notation or a Creative Commons License present in this item record.

Review Type

Abstract Review Only: Reviewed by Event Host

Acquisition

Proxy-submission

Slides

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Impact of Care and Retention Rounds on Turnover Rate

Phoenix, Arizona, USA

Stay interviews, a cost-effective tool, enable employers to identify and address potential issues, increasing employee satisfaction and reducing turnover rates. The average cost of turnover for one Registered Nurse, as per various data sources, ranges from [$46,100 to $ 61,100]. By implementing Stay Interviews, an increase in hospital savings can underscore the financial benefits of this strategy in the competitive landscape of employee engagement and retention.

A shared governance structure, alongside our commitment to true collaboration, addressed the organizations turnover issue. Nurses from the Healthy Work Environment and Staffing Committee and a diverse interprofessional team comprising of nursing leadership, clinical nurses, marketing, information systems, quality department, and human resources were instrumental in deciding how to implement Stay Interviews. The quality improvement Plan-Do-Check-Act (PDCA) cycle was used methodology to address the project. The team decided to rename the Stay Interviews "Care and Retention Rounds (CARR)." The interprofessional team's collaborative efforts led to the creation of structured questions and scripted guidance for leaders, a toolkit, an education and communication plan, and an electronic submission form to track and trend interviews.

Results/outcomes
Monthly CARR interview counts, and turnover rates are disseminated to the Nursing Leadership.
All Employee Turnover
2022=17.8,
2023=14.79
2024=7.18 (Jan-Jun)

RN turnover
2022=17.09
2023=14.74
2024=6.50 (Jan-Jun)

CARR takes place at a minimum of once a year for all employees. CARR provides dedicated time for leaders to identify ways to support and encourage employees in their current workplace and learn why employees stay so we can continue to "get it right." CARR allows leaders to help employees develop professionally and advocate for their career goals, while keeping employees engaged and encouraging them to recruit for Valley.