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A business case for phased retirement: will it work for nursing?
1Central Baptist Hospital, 1740 Nicholasville Road, Lexington, KY 40503, USA. khill@bhsi.com
Abstract:
In the United States, the issue of aging workers in the nursing workforce is one of growing concern with greater than 33% of RNs older than 50 years. The implementation of creative strategies to offset the loss of nurses' experiential knowledge has the potential to improve patient care and reduce risk to patients. The author proposes a program of phased retirement as an innovative approach to the anticipated loss of nursing knowledge related to retirement of the nursing workforce. The business case for support for phased retirement is discussed.
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