Cost-Benefit Analysis

Review Exercise 40: Evaluating the Recruiting Function on pages 123–126 in Nkomo, Fottler & McAfee, 2011. Then, using the Excel documents, respond to the following 

https://content.waldenu.edu/content/dam/laureate/laureate-academics/wal/ms-mhrm/mhrm-6401/week-03/Nkomo%20Exercise40.pdf

• 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.
  

• Describe the use of metrics for a hospital recruiting strategy.

• Explain the benefits of metrics in recruiting strategy development and execution

• Evaluate the nurse recruiting strategy for a hospital
  • What are the metrics used in the case?
  • What was the process the hospital used to select these metrics? Is it effective? Why or why not?
  • Based on the data calculations you completed, is the hospital using effective recruiting sources? Please provide your rationale?
  • Which recruiting sources would you need to manage more effectively and why?

• Assess the cost benefits of using HR metrics
  • How can HR metrics be used to lower costs?

• Explain how HR metrics can be used to create value for an organization
  • How could the recruiting process be improved through effective use of HR metrics?
  • What stage or stages of the hospital recruiting process seem the most amenable to improvements?

• Identify new specific metrics to support HR recruitment functions