Training and Continuing Education
OVERVIEW
Along with a communicative employer, a sense of fun and challenging work, healthcare professionals today routinely say they want a job that provides them a chance to learn and grow. Considering that it costs a healthcare facility 2.5 times the employee's annual salary to find a replacement, it makes economic sense to keep good healthcare professionals by spending generously toward their continued education. The American Nurses Association (ANA) reports that about just a 38% of the hospitals in United States offer educational assistance to all employees, and 16% offer it to wound care nurses.
SOLUTION
Training enhances the productive capacity of healthcare professionals, expands the healthcare facility knowledge base and fosters employee loyalty. Greater loyalty alone can more than offset the cost of training initiatives by improving the healthcare professional’s retention rate. Turnover is expensive: recruitment, HR and administrative costs for processing the departing employee out and the replacement employee in; the cost of lost productivity during a period in which a position remains unfilled; and the cost of training and evaluating a new and untried employee. "It's odd that employers don't understand that" says Prof. Leticia Vallejo director of continuing education program of Sportmed International, LLC. "Instead of improving the person's abilities, they let the person go."
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