Assignment: Cost-Benefit Analysis
Using the data in Exhibit 2.9: Data on Recruitment Sources for Registered Nurses at St. Vincent's Hospital, 2015 - 2016 (Excel document), complete the calculations on Form 2.5: Yield Ratios at Each Step in the Recruitment Process and Recruitment Cost per Nurse Hired, St. Vincent's Hospital, 2015 - 2016 (Excel document). Include your answers to Form 2.5: Yield Ratios at Each Step in the Recruitment Process and Recruitment Cost per Nurse Hired, St. Vincent's Hospital, 2015 - 2016 (Excel document) as an appendix. These calculations will influence your answers in this case.
A. Describe the use of metrics for a hospital recruiting strategy.
B. Explain the benefits of metrics in recruiting strategy development and execution
C. Evaluate the nurse recruiting strategy for a hospital
a. What are the metrics used in the case?
b. What was the process the hospital used to select these metrics? Is it effective? Why or why not?
c. Based on the data calculations you completed, is the hospital using effective recruiting sources? Please provide your rationale?
d. Which recruiting sources would you need to manage more effectively and why?
D. Assess the cost benefits of using HR metrics
a. How can HR metrics be used to lower costs?
E. Explain how HR metrics can be used to create value for an organization
a. How could the recruiting process be improved through effective use of HR metrics?
b. What stage or stages of the hospital recruiting process seem the most amenable to improvements?
F. Identify new specific metrics to support HR recruitment functions
Format your assignment according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
Attachment:- Exhibit-29.rar