"Many executives have turned their eyes away from retention during this economy. Nurse managers, though, have never felt this luxury and probably never will. One reason why is that hospital unemployment maintained its low level of just 1.6% during 2008 as the economy slid into deep recession.
Healthcare executives know the litany of bad news associated with hiring and retaining nurses: Too few nurses today
• Nurses are an aging population
• Not enough new nurses or nurse training facilities
• More patients due to aging baby boomers.
March 2010 reinforced this woe as the Bureau of Labor Statistics told us national unemployment held steady at 9.7% while healthcare added 27,000 jobs. Healthcare unemployment is grouped with education, and in March this figure was 5.2%, a bit more than half the all-industry national average. Based on this data, one can easily argue that hiring and retaining nurses is the number one people-management challenge across our country and our world today."
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Richard P. Finnegan is the CEO of C-Suite Analytics, which helps organizations improve engagement and retention, including one solution that guarantees turnover will decrease 20% in the first year or funds are returned. His experience includes solving turnover and engagement in Siberian banks, African gold mines, multinational corporations in China, and for the CIA.
Agenda
Faculty
Richard P. Finnegan
C-Suite Analytics
- CEO of C-Suite Analytics, which helps organizations improve engagement and retention, including one solution that guarantees turnover will decrease 20% in the first year or funds are returned
- Experience includes solving turnover and engagement in Siberian banks, African gold mines, multinational corporations in China, and for the CIA
- Wrote, The Power of Stay Interviews for Engagement and Retention, which is the top-selling SHRM-published book in history; also wrote, Rethinking Retention in Good Times and Bad, which was excerpted by BusinessWeek which said “Finnegan offers fresh thinking for solving the turnover problem in any economy”
- His new books in the first quarter of 2015 include The Stay Interview: A Manager’s Guide to Keeping the Best and Brightest, to be published in over 20 languages, and HR’s Greatest Challenge: Driving the C-Suite to Improve Employee Engagement and Retention
- Humorous and insightful speaker for conference and corporate events
- Lives in Orlando, Florida, where The Orlando Sentinel newspaper published an editorial recognizing him for his extensive donations of professional services to nonprofit organizations
- Bachelor's and graduate degrees, The Pennsylvania State University
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