Investing in your staff will save your facility money.
The Tobin Coaching Programs have been designed to greatly lower a facility’s staff turnover rate. When factoring in the amount of time lost, the costs required to make up for missing staff, and the direct time and costs of finding and training a replacement, the average US facility can expect to lose around $3,500 per CNA, $15,000 per LPN, and $25,000 per RN. Even a small facility could be looking at losses into the hundreds-of-thousands of dollars very quickly!
By investing in your current staff and giving your leaders the training and skills to build quality teams, your facility can expect to see a reduction in turnover, meaning far less losses from the costs of turnover.
Leadership training is the backbone of Tobin’s Coaching Programs. One such program, the Nurse Leadership Project, has helped participating facilities cut staff turnover rates in half, sometimes much more! That reduction in turnover has prevented those facilities from losing thousands and thousands of dollars every year. Published results of that program can be found on McKnights Long-Term Care News.