TITLE:
The Composition and Case Study of the Nurses’ Voluntary Turnover Cost in China
AUTHORS:
Min Li
KEYWORDS:
Nurses, Voluntary Resignation, Explicit Cost, Hidden Cost, Turnover Cost
JOURNAL NAME:
Modern Economy,
Vol.8 No.6,
June
22,
2017
ABSTRACT: Nurse is the largest number of four medical
personnel, and the stability of the nurses is directly related to the quality of medical
service, but countries around the world are faced with the high turnover rate
of nurses [1]. At present, Chinese researches on the
issue of nurses’ resignation mainly focus on the analysis of the variables and causes of
nurses’ resignation, while there is few research related to the turnover costs
of nurses which the managers focus most. All
these problems lead to there is still no consensus and cognition on composition
and measurement methods of turnover costs and the harm of the organizations.
Based on the literature research, this paper summarizes the composition and
measurement of the voluntary turnover cost of Chinese nurses, and draws the
main constituent elements and feasible measurement methods of the nurses’ voluntary
turnover cost. Furthermore, this paper takes a military hospital in Beijing as
an example and shows the composition and measurement methods of turnover cost
by the actual measurement of the nurses’ turnover
costs in this hospital. Hope this paper can provide some reference for the future
theoretical research and medical practice.