Annually, a hospital will spend approximately $250 to $300 billion dollars as a direct impact from stress (Milliken, 2007). This could be the cost of therapy for stress or medications for health issues, like depression, that come from high levels of stress. Also when a hospital has high turnover rates, they are forced to contract personnel outside of the hospitals, and as mentioned before, also pay current nursing staff overtime. Since low staff numbers increases the money that it takes to hire and maintain constant nursing staff levels, there is a plummeting of care, respect, funds, and overall reputation of hospitals. The average amount of overtime that a nurse tends to work every week, is four hours, and at the point of overtime, a nurse is paid 1.5 times their base starting pay, which is an average of about $98,000 a year (KPMG,
Annually, a hospital will spend approximately $250 to $300 billion dollars as a direct impact from stress (Milliken, 2007). This could be the cost of therapy for stress or medications for health issues, like depression, that come from high levels of stress. Also when a hospital has high turnover rates, they are forced to contract personnel outside of the hospitals, and as mentioned before, also pay current nursing staff overtime. Since low staff numbers increases the money that it takes to hire and maintain constant nursing staff levels, there is a plummeting of care, respect, funds, and overall reputation of hospitals. The average amount of overtime that a nurse tends to work every week, is four hours, and at the point of overtime, a nurse is paid 1.5 times their base starting pay, which is an average of about $98,000 a year (KPMG,