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|
The Cost to the Colorado Healthcare
Industry of Failure to Act
on Registered Nurse Positions |
| (Based on Colorado nonexempt employee initiated turnover rates)
| Estimated registered staff nurse population* |
20,533 |
| Annual turnover percentage |
33.2% |
| Annual departures |
6,817 |
| Estimated rate of pay |
$20.00 per hour |
| Estimated value of benefits |
35% |
| Estimated annual registered nurse total compensation |
$56,160 |
| Conservative turnover cost formula percentage |
33% |
| Annual registered nurse turnover cost (6,817 x 56,160 x 33%) |
$126,338,098 |
* Colorado Department of Labor Statistics |
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