Return on Investment: Benefits and Challenges of a Baccalaureate Nurse Residency Program


    loading  Checking for direct PDF access through Ovid

Abstract

Executive SummaryFirst year turnover rates of new nursing school graduates ranging from 35%-61% demonstrate the challenges of transitioning from nursing school to clinical practice.When facing a 50% turnover rate of new grads, Methodist Hospital implemented a Nurse Residency Program to assist with issues of competency as well as navigation of the hospital's organizational and bureaucratic structures.The program was designed to address a wide range of issues including clinical judgment and decision-making, leadership, professional commitment, individual development, and evidence-based practice.In addition to clinical practice with the support of a preceptor, nurses participated in 4 hours of structured cohort meetings per month.The turnover rate among new grads dropped to 13% in 1 year, a substantial gain in workforce stability.

    loading  Loading Related Articles