It’s a busy morning at the office when a trusted team member asks for a quick conversation. You expect a scheduling question. Instead, they hand in their notice.
They’re professional and appreciative, but your mind immediately jumps ahead—who will cover their shifts, how fast can you hire, and how much time will training take this time?
Turnover might seem like a temporary inconvenience. In reality, that single conversation sets off a chain reaction that costs far more than filling an open position. The real costs go beyond hiring a replacement.
The Costs You See
Accounted-for costs are the tangible expenses that show up clearly on a profit and loss statement. These are the costs most associated with staffing changes, such as overtime or temporary staffing, recruiting and advertising open roles, time spent interviewing and onboarding, and training new hires.
These expenses are expected and often planned for—but they only tell part of the story.
The Costs You Don’t See
Intangible costs can hurt your bottom line, don’t always show up on a financial statement, and add up quickly.
- Lost productivity: New hires take time to achieve full efficiency, with onboarding taking a few weeks.
- Impact on patient experience: Turnover affects patient experience because it can cause inconsistent service, scheduling errors, and longer wait times.
- Team morale: Remaining staff absorb extra workload and stress, which will reduce morale.
- Management time: Owners can be pulled away from patient care or growth of the practice with escalated staff turnover.
When considering these implications, turnover ultimately affects revenue, reputation, and long-term stability. It’s important to know and understand the costs of turnover and what it does to a business, so that strategies and processes can be put in place to avoid it.
What Does This Mean for You?
Dental practices can be subjected to more turnover pains and burdens for several reasons. In growing practices, HR staff can be limited, which places a heavy burden on a few team members. With limited administrative staff overloaded, burdens can be placed on owners and managers. Additionally, clarity can be lacking if policies aren’t clearly outlined and expectations are blurry.
When these pains are known, you can see it as a systems issue, not a people problem.
Build Stability Behind the Scenes.
It’s important that practice owners look beyond the chair and into the back office; employees expect processes that are organized and straightforward. Measures should be in place that reflect stability, no matter the circumstance.
- Clear onboarding and policies create confidence in employees.
- Accessible HR portals reduce gray areas and improve retention.
- Streamlined HR processes reduce burnout.
When systems work better, people stay longer. And remember, retention is an investment; not an expense.