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.

you will develop a written paper addressing the financial costs associated with staffing. You will use current research to distinguish costs associated with staffing and turnover. Differentiate costs associated with hiring verses costs of current staff retention.
For this Critical Thinking Assignment, conduct research on the costs associated with turnover and employee retention.

Your paper should meet the following structural requirements:

The paper should be 3-4 pages in length, not including the cover sheet and reference page.
Formatted according to APA
Provide support for your statements with in-text citations from a minimum of four scholarly articles.
Two of these sources may be from the class readings, textbook, or lectures, but two must be external.

Solution Preview

The Staffing Turnover Costs

A report by the Council of Saudi Chambers indicated that employee turnover is rising in the nation’s healthcare sector. Physicians and nurses are leaving Saudi Arabia for western nations because they offer better pay and training facilities. Consequently, the Kingdom’s hospitals are incurring high turnover costs as they seek to replace the departing staff members. Employee turnover is usually expressed as a ratio of the number of workers who quit divided by those who left. Thus, if a firm has a high turnover, it implies that it is losing many workers. Under such condition, it has to allocate a significant amount of its resources to fill the vacant positions.

(1,000 words)