The organization’s strategic plan issue is increasing

The organization’s strategic plan issue is increasing the nursing workforce by recruiting and retaining new graduate nurses. One initiative included in the strategic plan is a student nurse residency program. The hospitals vacancy rate for nurses increased from 12.2% in 2019 to 39% in 2021. It is crucial for the hospital to develop a program that will attract and retain new nurse graduates. This program is expected to improve recruitment of new nurses and reduce the vacancy rate for registered nurses (RNs) by 50% over the next five years. I need help developing a budget and timeline for developing a new student nurse residency program in the hospital. It needs to include an analysis of the financial impact of the student nurse residency program.

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