Smart Calculator Total New Hire Labor Expenses

QHR's Nursing Turnover Calculator Smart Tools helps you to quantify the cost of nursing turnover/shortages at your facility. Either by expense category or for the total facility, you can evaluate the impact of lost revenue, new hire/orientation/recruitment/turnover expenses, as well as adding together all costs to determine the overall hospital financial impact of nursing turnover. The calculators are also great tools for basic modeling, or "what- if scenarios," to help you develop or refine your nurse retention plans.

  • Total 13 wk contract hours used to cover vacancies
  • Average hourly wage of 13 wk contract nurses
  • Average hourly wage of incumbent nurses
  • Number of departing employees
  • Cost/(benefit) of 13 wk contract nurses:
  • Total agency nurse hours used to cover vacancies
  • Average hourly wage of agency nurses
  • Average hourly wage of incumbent nurses
  • Number of departing employees
  • Cost/(benefit) of agency nurses:
  • Total Per Diem nurse hours used to cover vacancies
  • Average hourly wage of Per Diem nurses
  • Average hourly wage of incumbent nurses
  • Number of departing employees
  • Cost/(benefit) of Per Diem nurses:
  • Total nurse overtime hours used to cover vacancies
  • Average overtime wage of incumbent nurses
  • Average hourly wage of incumbent nurses
  • Number of departing employees
  • Cost/(benefit) of overtime:
  • Total coworker hours spent orienting temporary RNs
  • Average hourly wage of coworkers
  • Number of departing employees
  • Cost/(benefit) of Lost Productivity:
  • Total New Hire Labor Expenses:

*Note: Totals will be automatically generated.