HYBRID EVENT: You can participate in person at Baltimore, Maryland, USA or Virtually from your home or work.

8th Edition of Nursing World Conference

October 17-19, 2024 | Baltimore, USA

October 17 -19, 2024 | Baltimore, USA
NWC 2023

Nursing workforce succession planning is planning for success

Speaker at Nursing Conference - Robert Thorn
Thaxton Leadership, United States
Title : Nursing workforce succession planning is planning for success

Abstract:

One in five hospital CEOs leave their positions every year. In rural communities, turnover is even higher. Yet, that is only the tip of the iceberg, as nurses' and other key staff turnover rates are greater than one out of four, with critical care and emergency nurses approaching one out of three. However, only about half of the hospitals in the US have a succession plan at any level of the organization. In this presentation, audience members will learn and understand causes of turnover, how turnover has been affected by the pandemic, how it snowballs to other levels in the organization, and ways succession planning can help to not only manage turnover at all levels, but to reduce it.
Citing data from a variety of research studies and using the story of "The Art of Racing in the Rain" to illustrate organizations facing challenges caused by staff turnover, the presentation will discuss the place where races are won and lost: In the “curves.” Curves are often unplanned and unseen – waiting until one is in the middle of a curve is not the time to try to navigate it. The same goes for staff resignations. If organizations react hastily and take them too fast, they can lose control, spin out and stall. If they react too slowly, others can surely pass them by, leaving the organization in a worse position. However, by following three simple steps and planning in advance, organizations can anticipate and navigate these “curves,” coming out of the other side in control of their speed, direction and momentum towards the future. By focusing on the future through sound organizational succession planning, the right person will be placed in the right role at exactly the right time, keeping the organization moving forward.

Biography:

Robert Thorn, MBA, FACHE, serves as an advisor to hospital boards, executives and clinical leaders, helping them identify strategies to ensure organizational success. A former hospital administrator, Robert has held C-suite positions for both large and small healthcare organizations and networks, and has specific expertise in guiding organizations through loss of key staff. Robert received his Bachelor of Science degree from California Polytechnic State University, and his MBA from National University; and, he is a Fellow of the American College of Healthcare Executives. He is a frequent speaker at state and national conferences on matters posing challenges to healthcare organizations.

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