Nurse residency programs transition nurses from school to practice and reduce nursing turnover.
Turnover of nursing personnel costs hospitals $10,000 to $88,000 per nurse depending on various factors. New nurses often leave a job because they feel their education did not prepare them for practice. Employers are countering these trends by offering a structured post-licensure nurse residency (NR) internship training program for up to a year. Nurses are paid during the NR and required to work for the employer for up to two years afterwards. Hospitals with residency programs report significant reductions in turnover (from 27% before the program to 7% after).