Question
the financial costs associated with staffing, including costs associated with recruiting, training and turnover. You will show the calculations for retaining 2 current employees-a doctor
the financial costs associated with staffing, including costs associated with recruiting, training and turnover. You will show the calculations for retaining 2 current employees-a doctor and a nurse. You will also show the calculations for replacing these 2 employees if they quit. The relevant costs are shown below.
Please include this information that was obtained by the finance department for the current year:
Nurses make 112 SAR per hour on average. However, the average salary for a physician is approximately 350,000 SAR per year. They normally work 8 hours per day.
Use this information to calculate retaining employees' cost for one nurse and for one doctor for the next two years. Next, calculate the costs to replace one nurse and one doctor both of whom will have relocating expenses. Some of the costs may not be relevant in your analysis.
Hiring New Staff (Costs = SAR):
Marketing costs per employee: 19,000
Pay for relocation per employee: 19,000
Training per employee: 35,000
Nonproductive hours due to fatigue per employee during training period (current staff) per employee: 210
Retaining Employees:
Productive Time
260 days at 8 hours per salaried employee
224 days at 8 hours a day per hourly employee
Nonproductive Time
Paid Annual Leave: 21 days per employee
EID Leave: 15 days per employee
Sick Leave: 30 days per employee
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