HR Discussion Post
Topic: Chapter 13: "Case Analysis - Competitiveness of Benefits"
Regional Hospital, a 400-bed community hospital, was struggling with recruitment and retention issues. These issues were occurring in spite of area labor statistics that indicated that there was a sufficient supply of skilled healthcare workers to meet their needs.
Regional's HR director undertook a comprehensive analysis of the recruitment and retention issues with the support of the board and senior management of the hospital. The HR director utilized information from a recent employee satisfaction survey and exit interviews. From those sources she learned the following:
1) Current employees believed that Regional's benefit program was not competitive in comparison to other hospitals and companies in the area.
2) For the employees who voluntarily re-signed from Regional in the last 12 months, benefit issues were critical. They reported receiving employment offers that included: lower healthcare insurance premiums, employer-paid dental insurance, higher accruals on paid time off, and sign-on bonuses.
3) Regional's healthcare competitors were aware of Regional's less-competitive benefits package and would aggressively recruit Regional employees, noting the differences when interviewing Regional employees.
Questions
• Given the findings from the HR director, what additional benefits plans should be considered by Regional Hospital?
• What would be the advantages and disadvantages to increasing the competitiveness of the benefits plan at Regional Hospital?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.