Nurse Hiring Cost Calculator
Calculate the true cost of nurse vacancies, turnover, and hiring. Identify savings opportunities to optimize your recruiting budget.
Your Numbers
Industry average: 86 days
National average: 16%
Estimated Annual Hiring Cost
Based on 10 open positions, 16% turnover
Cost Breakdown
Vacancy Cost
86 days x 10 positions
Turnover Cost
16 nurses @ $56,160 each
Travel Nurse Premium
5 travel nurses x $79,100 premium
Recruiting Fees
20% of salary per hire
Onboarding & Training
$23,000 per new hire
Potential Annual Savings
With optimized recruiting strategies
Faster Time-to-Hire
Reducing to 30 days (from 86)
Convert Travel to Permanent
$79,100 saved per conversion
Reduce Turnover by 5%
From 16% to 11%
Industry Benchmarks (2024)
Avg RN Turnover Cost
$56,300
Source: NSI 2024
Avg Time to Recruit RN
86 days
Industry average
National Turnover Rate
16%
NSI 2024 Report
Travel Nurse Premium
$79,100
Per position vs permanent
Reduce Your Hiring Costs
Access verified nurse contacts directly. Skip agency fees and reduce time-to-hire with our database of 5M+ healthcare professionals.
How We Calculate
- Vacancy Cost: (Annual Salary / 365) x 1.5 multiplier x Days Vacant. The 1.5x accounts for overtime, agency costs, and productivity loss.
- Turnover Cost: 60% of annual salary per departed nurse (industry range: 50-75%).
- Travel Nurse Premium: $79,100 annual premium vs permanent staff (NSI data).
- Recruiting Fees: 20% of first-year salary (standard agency fee).
- Onboarding/Training: $15,000 onboarding + $8,000 training per new hire.
Data sources: NSI National Health Care Retention & RN Staffing Report 2024, Bureau of Labor Statistics, industry benchmarks.