Assignment: Staffing Turnover
According to recent reports produced by the Council of Saudi Chambers, healthcare turnover is on the rise within the Kingdom of Saudi Arabia. Nurses and physicians are leaving the Kingdom to Western countries in search of higher pay and better training facilities.
Based on this module's reading, interactive lecture, and research, you will develop a written paper addressing the financial costs associated with staffing, including costs associated with recruiting, training and turnover. You will use current research to distinguish costs associated with staffing and turnover from a quantitative standpoint. This project should include both direct and indirect costs. Which of these costs would be relevant in the staffing turnover issue from a quantitative standpoint? Use the data below to support your rationale.
Include this information that was obtained by the finance department for the current year. Healthcare employees make 112 SAR per hour on average. They normally work 8 hours per day. Use this information to calculate retaining employees' cost. Some of the cost will not be relevant in your analysis.
Hiring New Staff (Costs = SAR):
Marketing costs per employee: 19,000
Pay for relocation per employee: 19,000
Training per employee: 375,000
Nonproductive hours due to fatigue per employee during training period (current staff) per employee: 37,000
Retaining Employees:
Productive Time
260 days at 10 hours per employee
Nonproductive Time
Paid Annual Leave: 21 days per employee
Spouse Death (male employee): 5 days per employee
Spouse Death (female employee): 15 days per employee
Marriage Leave: 5 days per employee
EID Leave: 30 days per employee (one month)
Sick Leave: 30 days per employee
Maternity Leave: 30 days per employee
Paternity Leave: 3 days per employee
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.