" (Nursing Job Cafe, 2013, p.1) the average salary for a practicing nurse with an advanced degree is $80,000, but a nursing faculty member makes about $50,000." (Maryland Statewide Commission on the Crisis in Nursing, 2005, p.2) the starting salary for a full-time faculty member at a school of nursing is reported to be "…approximately equal to that of a new graduate from an associate-degree or baccalaureate nursing program beginning as a full-time staff nurse. Given the additional education (master's degree in nursing at minimum) and the experience required for a faculty position, this disparity in salary seems inequitable." (Maryland Statewide Commission on the Crisis in Nursing, 2005, p.2) According to Edwards (2011) the estimated cost to replace a registered nurse "…is 1.2 to 1.3 times a nurses annual salary ($40,000 to $65,000)" Edwards reports that the average cost to replace a specialty nurse "is significantly more." (2011) in addition, nursing units with low turnover of nurses are found to be much more likely to have "fewer patient falls than nursing units experiencing higher turnover. Also, workgroup cohesion and relational coordination had a positive impact on patient satisfaction, while increased workgroup learning led to fewer occurrences of severe medication errors." (Edwards, 2011).
Recruitment and retention of nursing staff includes the following:
(1) Establishment and maintenance of competitive salaries to make the nursing position a viable career option;
(2) Ensure that nursing salaries reflect education and experience level;
(3) Implement scheduled increases in salaries
(4) Ensure benefits package is comparable to similar institutions in the region;
(5) Ensure that the workload of nursing faculty compare to those of other professions in the institution;
(6) Make sure it is possible to negotiate workload to increase salaries;
(7) Ensure faculty members have the chance to provide...
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