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Learning Goal: I’m working on a finance multi-part question and need the explanation and answer to help me learn.

Review the Corporate Strategic Plan for Dr. Soliman Fakeeh Hospital:

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 becoming major issues going forward.

Write a paper that addresses:

  1. The financial issues relating to both retaining staff and those associated with recruiting and training new staff when there is high staff turnover.
  2. The non-financial costs associate with losing personnel who have many years of experience working in this institution.
  3. Recommendations as to what an institution should do to avoid such problems.
  4. The benefits associated with adopting those recommendations.

Your paper should meet the following structural requirements:

  • ten pages in length, not including the cover sheet and reference page.
  • Formatted according to APA 7th edition and University writing standards
  • Provide support for your statements with in-text citations from a minimum of ten scholarly articles.