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:
- 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:
- 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.
