What is the Impact of Nursing Shortages on Financial Costs?
Nursing shortages can significantly impact both the financial costs and earning potential within the profession. In areas experiencing a shortage, nurses may have opportunities for higher salaries, bonuses, and other financial incentives. However, shortages can also lead to increased workloads and burnout, which may have long-term financial implications for healthcare systems due to higher turnover rates and the associated costs of recruiting and training new staff.
