Learning Goal: I’m working on a finance discussion question and need guidance to help me learn.
Staffing Turnover (125 points)
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 is “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 (Post traumatic stress disorder) 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 associate 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:
- Add introduction and conclusion.
- five-Six pages in length, not including the cover sheet and reference page.
- Add Heading and sub headings to organize
- Formatted according to APA 7th edition and Saudi Electronic University writing standards
- Provide support for your statements with in-text citations from a minimum of five scholarly articles. Two of these sources may be from the class readings, textbook, or lectures, but the other two must be external. The Saudi Digital Library is a good place to find these references.
- You are strongly encouraged to submit all assignments to the Originality Check Tool prior to submitting them to your instructor for grading.