Question
Attention I need to know how you get the Ratio's and the Ratio's themselves. I am stuck and need help , because I do not
Attention I need to know how you get the Ratio's and the Ratio's themselves. I am stuck and need help , because I do not understand directions on how to get the ratio's.
Read the entire exercise, including the background on St. Vincents Hospital. Then, using the data provided in Exhibit 2.9, do the calculations on Form 2.5. A yield ratio is the number of applicants necessary to fill vacancies with qualified people. It is the relationship of applicant inputs to outputs at various decision points. For example, the yield ratio for all recruitment sources in Exhibit 2.9 shows that 273 nurse applicants were generated over the three-year period from 2007 to 2009. Since only 221 were classified as potentially qualified, the yield ratio is 273/221 or 1.24 to 1. The yield ratio for potentially qualified among walk-ins is 1.26 (53 42). The average cost per nurse hired among walk-ins is $119.23 ($1,550 13). Students should form groups of two to four students each and calculate the yield ratios for each recruitment source at each stage of the recruitment process on Form 2.5. These data show that the hospital needs to start with more than five times as many applicants as it needs to fill job openings and more than 13 times as many applicants as it hopes to have as above-average performers.
Data on Recruitment Sources for Registered Nurses at St. Vincents Hospital, 20072009
Recruitment Source | Number of Applicants | Potentially Qualified | Invitation for Interview | Qualified and Offered Job | Accepted Job | One-Year Survival | Above-Average Rating | Total Recruitment Costs |
---|---|---|---|---|---|---|---|---|
1. Internet applications | 83 | 72 | 60 | 38 | 21 | 12 | 5 | $1,145 |
2. Walk-ins | 34 | 17 | 8 | 6 | 3 | 1 | 1 | 900 |
3. Employee referrals | 13 | 12 | 7 | 5 | 4 | 3 | 2 | 400 |
4. Newspaper ads | 24 | 16 | 8 | 4 | 2 | 1 | 0 | 750 |
5. Journal ads | 19 | 18 | 10 | 8 | 4 | 2 | 2 | 450 |
6. Educational institutions | ||||||||
Junior colleges | 16 | 13 | 11 | 6 | 2 | 2 | 1 | 1,200 |
Hospital-based schools | 8 | 8 | 3 | 2 | 1 | 0 | 0 | 800 |
University programs | 24 | 24 | 16 | 14 | 10 | 8 | 7 | 1,300 |
7. Private employment agency | 9 | 9 | 8 | 5 | 2 | 2 | 1 | 4,000 |
8. Public employment agency | 8 | 4 | 2 | 1 | 1 | 0 | 0 | 600 |
9. Direct mail | 15 | 14 | 4 | 3 | 1 | 0 | 0 | 450 |
10. Job fair | 13 | 7 | 5 | 3 | 1 | 1 | 1 | 900 |
11. State Nursing Association meeting | 7 | 7 | 4 | 3 | 0 | 0 | 0 | 1,150 |
Totals | 273 | 221 | 146 | 98 | 52 | 33 | 20 | $14,045 |
Form 2.5. Yield Ratios at Each Step in the Recruitment Process and Recruitment Cost per Nurse Hired, St. Vincent's Hospital, 2007-2009 Yield Rates Recruitment Sources Potentially Qualified Accepted Interview Offered Job Accepted Job One-Year Survival Above-Average Rating Average Cost Per Nurse Hired 1. Internet applications 2. Walkins 3. Employee referrals 4. Newspaper ads 5. Journal ads 6. Educational institutions Junior colleges Hospital-based schools University programs 7. Private employment agency 8. Public employment agency 9. Direct mail 10. Job fair 11. State Nursing Association meeting Averages for all sources 1.24 1.87 2.79 5.25 8.27 13.65 Form 2.5. Yield Ratios at Each Step in the Recruitment Process and Recruitment Cost per Nurse Hired, St. Vincent's Hospital, 2007-2009 Yield Rates Recruitment Sources Potentially Qualified Accepted Interview Offered Job Accepted Job One-Year Survival Above-Average Rating Average Cost Per Nurse Hired 1. Internet applications 2. Walkins 3. Employee referrals 4. Newspaper ads 5. Journal ads 6. Educational institutions Junior colleges Hospital-based schools University programs 7. Private employment agency 8. Public employment agency 9. Direct mail 10. Job fair 11. State Nursing Association meeting Averages for all sources 1.24 1.87 2.79 5.25 8.27 13.65
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