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Financial Impact of Recruitment and Retention Thesis

… Financial Impact of Recruitment and Retention

Recruitment and retention of nurses: Strategies for improvement

Careers in the health care field can prove to be taxing upon the constitution of both seasoned professionals and new recruits. Nursing in particular is physically, mentally, and emotionally challenging. The statistics speak for themselves, fully 35% to 69% of newly hired graduate nurses leave their place of employment within the first year, and nurse turnover rates range from approximately 55% to 61% nationwide (Persaud 2008, p.1173). Retention is critical in assuring patients of quality and consistency in treatment, and such widespread mobility suggests that institutions must do more to improve job satisfaction for nurses.

Hospitals are attempting to increase retention rates. A "recent study found an inverse correlation of nurse…. [read more]


Retention in Higher Education Evolution Research Paper

… Students from Under-represented Groups

Teaching methodologies play a significant role in underrepresented groups. Unbiased and transparent system adopted by teachers is commonly implemented in today's setup of institutes. They get a chance to get recognized and acknowledged. This not only develops their confidence but also motivates them to perform better. Thus retention is improved. Studies propose that retention of special populations may progress if faculty directs their genuine trust that all students are talented of learning (Flowers, 1998).

Organization of Program

Proper student counseling sessions, disability services and career advice are few integral measures that can positively affect retention. This gives confidence and security to student leading to commitment towards the institute.

Cultural Issues in Classrooms

With the advancement in education, many people shift to…. [read more]


Retention and Hiring Practices in Multinational Acquisitions Essay

… Experience working as a member of a culturally diverse multinational team.

Fluent in Spanish, English, and one other language preferred.

Preference will be given to candidates with multinational business leadership expertise.

Experience in the automobile rental services, tourism, and/or hospitality in South American markets is considered a plus.

Employee Selection Process

Step 6 of the selection process entails a review of applicants and the development of a short list. Candidates will apply for the open position by submitting cover letters, resumes, and scanned copies of the completed application form. As this posting is for a managerial / leadership position, all candidates -- including those presently employed by the company -- will need to submit all documentation in order to be accepted as applicants and not…. [read more]


Recruitment of Doctors From Philippines Case Study

… After performing analysis of the candidates IQ and EQ coupled with remarks from HR team, we can understand the candidates were a suitable fit for the organization; however there proficiency level was not judged in this procedure. Therefore, the criteria of being an organization-fit were met but being a "job-fit" was ignored. If we analyze the turnover rate of doctors in our organization in past seven years and the possible reasons related to it, a pattern of a doctor leaving every quarter can be analyzed. The possible reasons given are the failure of communication between the labor, management and the doctors appointed. Also, some of the doctors were let go because in the later phase, they were found incompetent of doing their job. As per…. [read more]


Recruitment and Selection the Mss Hotel Thesis

… Recruitment & Selection

The MSS Hotel is in the process of examining their recruitment, selection and placement processes. The company has an established process, but feels the current economic environment is a good opportunity to revisit the issue. This report will take the company through that process. The existing RSP procedure will be explained in detail. This will be followed by an analysis of weak points in the process. Suggestions will be made with respect to addressing these weak points.

The analysis will be conducted in the context of both academic and non-academic research. The view of industry writers will be taken into consideration with respect to best practices in RSP, and the learned analysis of academics will also contribute to the discussion. In order…. [read more]


International Business Expansion Process Dissertation

… 2. Selecting the Country for Recruitment:

The organization has multiple choices to recruit its workforce for its international assignments. It can recruit them from the home country (Parent Country Nationals), target or host country (Host Country Nationals), or from some third country (Third Country Nationals). Just like international business expansion is a more complex process than local expansion, international recruitment and selection process is a more challenging task than local hiring. The selection, placement, benefits and compensation strategies, performance appraisal, and other HR decisions are made at a much larger scale than they are in the local work settings (Sanchez, Spector, & Cooper 2000).

3. Recruitment from the Parent Country:

The middle to higher level managers which international business organizations hire from their home country…. [read more]


Affordable Care Act Impact on Businesses Term Paper

… Affordable Care Act is being rolled out at this time and will have been completely rolled-out by sometime in 2014. Under this Act, employers over 50 FTEs will be forced to either provide adequate and affordable health care coverage for their employees or pay a responsibility fee. The company needs to examine our options, both from a financial perspective and from a recruitment and retention perspective when weighing which of these options is best for our company. Other issues include the creation of health care exchanges - something from which we might benefit, and the ways that the ACA will affect the industry. The way that insurance companies respond to the Act could affect us, in terms of either the premiums we are asked to…. [read more]


Employee Retention Term Paper

… Employee Retention

The hospitality industry has seemingly exponential growth potential as the economies of many nations begin to merge, creating an environment of heavy travel and increased dependence on an increasingly global economy. Additionally, the increasingly global economy will likely continue to influence leisure exposure to different cultures and places, therefore stressing the importance of industry answers to growth. Through this emphasis on the global nature of business, as well as many other factors the hospitality industry stands to gain members as both customers and employees in just as exponential a fashion as the growth of the industry itself. (Daniels, 1985) Sustainable growth is then the primary factor in need of address in the industry and growth brings with it a whole set of special…. [read more]


Factors Affecting Retention in a Financial Institution Company Dissertation

… ¶ … Retention in a Financial Institution Company

Factors affecting retention in a financial institution

The field of human resource management has often been concerned with the factors affecting the retention of the employees. The current study sets out to assess these factors in the context of the financial institutions. The literature review constitutes the starting point in the analysis and the basis of the questionnaire created. The methodology used is the quantitative approach and the findings indicate that the retention of the employees in financial institution is driven by a multitude of forces, not so different from the forces driving retention in other fields. One particular finding is that aside from the traditional factors, the employees in the financial sector are also driven by…. [read more]


How Recruitment and Selection Strategies Influence Business Success Research Paper

… Link between corporate strategy and human resources strategy

Fathi et al. (2011) states that in defining the corporate strategy of an organization, there is need to align this with the company's human resource strategy. In defining the diversity of the company's portfolio, making crucial decisions regarding the business ventures of the company, and corporate direction, human resources are of extreme important. Bowen et al. (1991) state that human resources bring sustainable competitive advantage to the company since they provide ways for the company to change their corporate strategy to reflect changes in the business environment.

Human resources of a company help it to achieve the drivers of success, which are superior quality, efficiency, innovation, and customer service. These drivers of company success are built through…. [read more]


Head Hunting Festival 2009 Research Proposal

… Head Hunting Festival 2009

Intellectual Vanity Fair" is an exhibition/festival project that offers an innovative approach designed to address the issues, shortages and limitations of the current recruitment processes.

The company goal is to attend the scope of the difficulties identified our group applies the theories and the principles of entrepreneurship to explore the opportunities presented by the issues and offer an alternative solution to the problem.

More specifically, the company intends to research current recruiting processed in major companies, with a focus on it industry, analyze trends and write best practices, including here the definition of key performance indicators established for the suitable candidates. The best practices will then be applied in the company's day-to-day work to match the candidates' skills with clients' needs.…. [read more]


Relationship of School Facilities Conditions to Academic Achievement and Teacher Retention Term Paper

… Relationship of School Facilities Conditions to Academic Achievement and Teacher Retention

"The Walls Speak: The Interplay of Quality Facilities, School Climate, and Student Achievement" states that entering into recently public discourse is "the condition of our nation's schools." (nd) This work relates that a "growing body of literature...provides evidence to a link between school building adequacy and students achievement. One examined link between school facilities and student achievement may be school climate. School climate may be a mediating variable, explaining, at least in part, the deleterious impact that poor school facilities has on learning." (nd) This work states that of all the schools in the United States at least "twenty-one percent...are more than fifty years old and another fifty percent are at least thirty years…. [read more]


Perioperative Care and OR Nurse Shortage Impact and Interventions Capstone Project

… ii. Long-Term: Annual turnover rates will be evaluated to assess the effectiveness of the adopted course of action
6. Follow-Up and Evaluation
i. Follow-up will be periodic (i.e. after every 6 months). Management rounding (or similar mechanisms of feedback) will be utilized so as to assess staff knowledge and job satisfaction levels
ii. Progress to be communicated to the relevant stakeholders
iii. Deviations from the desired outcomes will be noted and corrective action taken
Potential Barriers to Plan Implementation
Financial constraints have been identified as the most critical potential barrier to plan implementation. Implementing the preceptor program will be a resource intensive process in terms of associated course costs, orientation costs, etc. A review of pay and benefits means that the salaries and benefits P&L…. [read more]


Australian Cladding Company Case Study

… These approaches place the human resource management policy formulation at the strategic level. In these approaches to Strategic Human Resource Management it is claimed that: (1) human resource problems are problems solved by linking HRM and strategy formulation at an early stage; and (2) problems with strategy implementation are solved by early adjustment of the HRM to these strategies." (p.299)

Human resources must be included in the planning from the very earliest of stages and this enables human resources to understand what is needed and enables HR to adjust which means that the decisions made about company employees are geared toward the company's overall strategies. Mueller (1996) states that strategic use of human resources requires the following:

(1) Management is not reactive but instead is…. [read more]


Compensation the Current Plan Essay

… The next thing that they employees need to know is what our plan entails. They have to understand what a defined-contribution plan is and how it works.

The third thing they need to know is about investing. We trust them to make the best investment decisions, but as with most people who are not comfortable with investing, they are very risk averse. Thus, we need to give them some information and some resources in order to empower them to make more appropriate decisions. This may be a case where we bring in a financial planner, or at least offer sessions with the financial planner, in order to overcome this information deficit. I am confident that we can improve our participation, if we provide more information…. [read more]


Job Listings Essay

… The way that this works is Anheuser-Busch will take these attributes and use them to help the individual excel. In those areas where a person has particular aptitudes, the firm will train them further inside particular region. This gives them exposure and real world experience in understanding the traditions / language. ("Our People and Culture," 2012)

The length of the assignment

The length of the assignment will last from 12 to 18 months. This will follow an intense training program of 10 months. In some cases, the time spent working in a particular area can go up to two years. ("Our Graduate Recruitment Programs," 2012)

The host and home country recruitment and selection practices

The recruitment practices inside the home and host countries; are to…. [read more]


Allocation of Resources Essay

… Allocation

Health Services Resource Allocation

The CEO of this organization certainly has a complex task when it comes to allocating the financial, operating, capital, and human resources in a manner that will provide effective and comprehensive services while driving growth in market share. Acquisition efforts must be kept within ethical bounds and requires careful control to ensure the most effective and efficient processes are in place, and allocation must be equally painstaking and precise. In many cases, the acquisition and allocation of resources are two sides of the same coin, and indeed all operations and functions of the organization must be viewed as part of an integrated and cohesive whole in order for effective resource management strategies to be put into place. This is why…. [read more]


Alzheimers Disease Alzheimer's Disease in Search Term Paper

… Alzheimers Disease

Alzheimer's Disease in search of a cure

The risk for dementia, a major contributor to incapacitation and institutionalization, rises rapidly as we age, doubling every 5 years after age 65. Tens of millions of new Alzheimer's disease (AD) and other dementia cases are projected as elderly populations increase around the world, creating a projected dementia epidemic for which most nations are not prepared. Thus, there is an urgent need for prevention approaches that are safe, effective, and affordable. Much attention has been focused on the abnormal deterioration of the brain called senile dementia of the Alzheimer type (SDAT) which affects five percent of U.S. Adults by age 65 and twenty percent of those over eighty. Diagnosis of SDAT depends on its characteristic symptoms:…. [read more]


Nurse Leadership and Financial Management Term Paper

… Nursing: Line-Item Budget

NURSING: MAGNET RECOGNITION PROGRAM DESIGNATION

The objective of this work is to create a budget for Magnet Recognition Program designation and describe how these resources will advance professional nursing. Nurse Leader's experiences with budget development after often 'lock-step'. Often the data are based on historical tracking and nurse leaders need only to confirm the data. The purpose of this assignment is to allow an opportunity to develop a budget that supports the advancement of the nursing profession, a responsibility of nurse leaders. In developing this budget, developed will be an organizational strategy and research the strategy so the most recent professional information and data are used. These data will support the budget that is developed an analysis of the organizational implications will…. [read more]


Attracting and Retaining Quality Staff Business Proposal

… Attracting and retaining quality staff is an important aspect of human resource management. It involves the ability of the organization to attract new employees to fill vacancies in the organization and to keep its employees happy and satisfied so they never want to leave their current positions. This requires a great deal of effort from the management who are looking for ways to keep employee turnover low. A low employee turnover rate refers to the rate at which an employer loses employees. The reason why the management wants to keep employee turnover low is because when employees leave, there are certain costs which are involved, such as training and recruitment costs, loss of talent as well as loss of organizational knowledge. Thus, it is important…. [read more]


Cost Cutting Term Paper

… ¶ … Cutting

Faced with the different challenges in the business world today, many businesses resort to cost cutting as among the most popular solutions to problems that causes business' financial declines and failures. Cost cutting, a term used in the process of cutting back expenses in an aim to save assets, particularly money, is intended to help in picking up or catching up from the economic losses that an organization had experienced. According to Derek F. Martin, in his article Cutting Costs Without Losing Your Shirt,

Downturn, economic slump, or recession, whatever you call it the U.S. economy has seen a significant reduction of non-critical purchases across almost every sector.

There are many ways in which cost cutting is implemented by businesses. Most of…. [read more]


Proposal to Purchase a Major IT System Business Proposal

… ¶ … New it System

Management Briefing Memorandum:

Implementation of CRM at Helen Markulus, CIO

Implementation of new Customer Relationship Management (CRM) system for Patient Retention and Satisfaction

Project Description

The University of Arizona Medical Center is a leading provider of healthcare services for the Southern Arizona area in addition to be one of the leading university hospitals globally in fields of cardiology, gerontology and orthopedic research. This unique balance of service and research has given the Medical Center the ability to attract patients from the region, in addition to globally who seek treatment in the areas of primary research. Recent analysis indicates that the experiences have been satisfactory, with surveys of patents discharged showing 70% would recommend the Medical Center again. What is troubling…. [read more]


Effects of Employee Turnover Term Paper

… Direct and Indirect Costs Associated With Employee Turnover

Direct And Indirect Costs Associated

with employee turnover

The objective of this work is to research and examine the effects of employee turnover on an organization to include costs in terms of financial as well as costs associated with customer retention.

Retention of employees is an issue that organizations face possibly now more than ever in history. The costs that are associated with employee turnover include costs associated with recruiting and training costs but as well are costs associated with problems related to customer retention. The overall voluntary turnover of employees in the United States increased to 23.4% annually during 2006. The following chart labeled Figure 1 shows the Annual U.S. Voluntary Turnover by Industry for September…. [read more]


Human Resources -- Controlling Benefits A-Level Coursework

… In these ways, ALCOA controls health insurance benefits costs while presenting its options as attractive benefits to attract talent and retain employees. This is wise on ALCOA's part, as its compensation plan directly impacts its strategic goal setting process by freeing up funds for other company goals, attracting certain types of employees, retaining its workforce and attracting a diverse workforce. In aid to a company's strategic goals, a Human Resources Department would develop benefits options that are attractive and supported by the company's budget, clearly and attractively present those benefits to current and prospective employees, implementing those benefits and constantly refining the process so employees can readily access their benefits. The accurate, timely and effective administration of these benefits assists the employer as well as…. [read more]


Talent Management Models, Theories, and Programs Research Paper

… Talent Management Models, Theories, And Programs at Continental Airlines

Continental prides itself on a company culture that treats employees with dignity and respect and rewards employees when the airline achieves its goals. -- OC facts, 2010,

The past decade has been a tough one for the global airline industry, and many airlines that were already struggling or which were only operating at marginal profits failed to survive the downturn in travel that followed by terrorist attacks of September 11, 2001. A few airlines, though, not only managed to survive during the years that followed, they managed to grow their business model in additional markets while continuing to practice sound human resource management practices. Among these few, Continental Airlines stands out as an excellent example of…. [read more]


Teacher Recruitment Agencies Thesis

… Teacher Recruiting

The administrative and practical aspects of education do not often receive the same attention either by the media or in scholarship as the practice of education itself, and the way students measure up to certain standards and respond to specific teaching methods. Yet without the practice of proper and efficient administrative techniques, all other aspects of education are rendered moot. There are serious issues that demand consideration and addressing if the education issue in this country is to be effectively combated. Teacher training, standardized tests, class size limits, and other aspects of the No Child Left Behind program -- as well as other previous attempts to revamp and revitalize national teaching procedures and practices -- can be debated for their effectiveness, but the…. [read more]


Rural Healthcare Term Paper

… ¶ … Rural Healthcare Facilities

Context of the Problem

Twenty-five percent of the total population in the United States are living in rural areas and compared with urban Americans and healthcare facilities in rural areas generally serve low-income, the elderly, and individuals who are less informed and armed with less knowledge concerning health care prevention measures. Moreover, rural individuals accessing healthcare in rural facilities face barriers to healthcare such as fewer doctors, hospitals and health resources in generation and face difficulty in accessing health services.

Hospital closures and other market changes have adversely affected rural areas, leaving State and Federal policymakers, and others concerned about access to health care in rural America. Considerable changes in the health care delivery system over the past decade have…. [read more]


What Is Wrong With Gas Prices Today? Term Paper

… ¶ … Drp)

What is wrong with Gas Prices?

I am afraid, not many Americans will agree with my point-of-view, when I submit that what is wrong with gas prices is that we have become used to low gas prices. I believe that higher energy prices will benefit United States and our planet in many ways, and I for one would be willing to accept the sharp shock that high energy prices will deal to the gas guzzling ways we, the Americans have taken far granted. (Ferguson, 2006) in an article in the Telegraph joked that if gasoline reached $3 per gallon in United Kingdom, people would be queuing from Beaconsfield to Brighton to buy it. When the price of gasoline hit $3 per gallon…. [read more]


Organization Behavior Competitive Advantage Essay

… b. Control Costs in the Long Run:

Although organizations have to expend a significant amount of budget on the training and skills development of their existing and newly recruited staff, these expenditures can eventually control the heavy costs which they have to incur in the long run. That is, if organizations continue to provide training to their employees on periodical basis, these employees are basically trained to fill the higher management positions in the future. In this way, organizations can save the money which is expended on the training of new employees at the Top Management positions by promoting their existing employees to those positions. The huge expenditures which organizations incur on the training of their higher level officials put heavy financial burden on their…. [read more]


Corporate Philanthropy and the Development of Business Term Paper

… ¶ … Corporate Philanthropy on the Developjment of Business

The study conducted and reported in this work in writing is one that examines corporate philanthropy and that seeks to answer specific questions concerning the impact of corporate philanthropy on the development of a business. The methodology employed in this study is that of a case study which involves the review of available and pertinent literature in this area of study. Following an extensive review of literature this study states findings and conclusions.

AN INVESTIGATION of the IMPACT of CORPORATE PHILANTHROPY on the DEVELOPMENT of Business

Corporate philanthropy for the purpose of this study will be assumed to represent the actions that the organization takes to integrate the company into the community in which it is…. [read more]

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