Potentially Accepted Offered Accepted One-Year Above-Avg. Avg. Cost Qualified Interview Job Job Survival Rating Per Nurse Hired 1. Internet Applications 2. Walk Ins 1.15 2.00 1.20 2.125 1.58 1.33 1.81 2.00 1.75 3.00 2.40 1.00 54.52 300.00 3. Employee Referrals 1.08 1.85 2.60 3.25 4.33 6.50 100.00 4. Newspaper Ads 1.50 3.00 6.00 12.00 24.00 ------ 375.00 5. Journal Ads 1.06 1.90 2.38 4.75 9.50 9.50 112.50 6. Educational Institutions Junior Colleges Hospital-based Schools University Programs 1.23 1.00 1.00 1.45 2.67 1.50 2.67 4.00 1.71 8.00 8.00 2.40 8.00 -----3.00 16.00 -----3.43 600.00 800.00 130.00 7. Private Employment Agency 1.00 1.13 1.80 4.50 4.50 9.00 2,000.00 8. Public Employment Agency 2.00 4.00 8.00 8.00 ------ ------ 300.00 9. Direct Mail 1.07 3.75 5.00 15.00 ------ ------ 450.00 10. Job Fair 1.86 2.60 4.33 13.00 13.00 13.00 900.00 11. State Nursing Assoc. Meeting 1.00 1.75 2.33 ------ ------ ------ ------ Averages for All Sources 1.24 1.87 2.79 5.25 8.27 13.65 $283.65 Yield Ratios at Each step in the recruitment process and recruitment cost per nurse hired St. Vincent's Hospital Please use the following exhibit to guide your answers to the exercise's 3 questions at the end. Please focus your efforts on just answering the 3 questions as opposed to deriving the yield ratios. 1. How would you evaluate the nurse recruiting strategy currently being used by the hospital? Is the hospital using too few or too many recruiting sources? Why? 2. If you feel the hospital is using too many recruitment sources, which ones would you eliminate and why? 3. What stage or stages in the recruitment process seem to be most amenable to improvements? What specific improvements would you suggest to decrease the yield ratios? Why