Investing in people can be expensive but it can be argued it is less expensive than having a higher employee turnover.
Investing in people can be expensive but it can be argued it is less expensive than having a higher employee turnover.
Staffing Turnover
Review the Corporate Strategic Plan for Dr. Soliman Fakeeh Hospital:
https://assets.dsfh.med.sa/wp-content/uploads/2019/06/Corporate-Strategic-Plan-2018-2020-1.pdf.
One of the Strategic Directives listed in “Invest in People & development” which is explained in detail on page 14.
Investing in people can be expensive but it can be argued it is less expensive than having a higher employee turnover.
The COVID-19 Pandemic has placed a significant strain on many employees in the healthcare industry, with burnout and potentially PTSD becoming major issues going forward.
Write a paper that addresses:
- The financial issues relating to both retaining staff and those associated with recruiting and training new staff when there is high staff turnover.
- The non-financial costs associated with losing personnel who have many years of experience working in this institution.
- Recommendations as to what an institution should do to avoid such problems.
- The benefits associated with adopting those recommendations.
Your paper should meet the following structural requirements:
- Follow the Template provided below.
- 5-to-6 pages in length, not including the cover sheet and reference page.
- Formatted according to APA 7th edition.
- Provide support for your statements with in-text citations from a minimum of 6 scholarly articles.
- You are strongly encouraged to submit all assignments to the Originality Check Tool prior to submitting them to your instructor for grading.
Template
- Introduction
- The financial issues relating to both retaining staff and those associated with recruiting and training new staff when there is high staff turnover.
- Need to retain to keep business running
- What does it cost to recruit and onboard a person (nurse)
- The non-financial costs associated with losing personnel who have many years of experience working in this institution.
- How can experience be valuable – Knowing the PPP(People, Places, Policies)
- Recommendations as to what an institution should do to avoid such problems.
- How do you keep employees happy?
- Examples
- The benefits associated with adopting those recommendations.
- Financial
- Non Financial
Answer preview for the paper on ‘Investing in people can be expensive but it can be argued it is less expensive than having a higher employee turnover.’
APA 1726 words
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