Hiring And Retaining Employees In The Healthcare Sector

Senior Project Progress Report Name Institution Senior Project Progress Report Topic – Hiring and Retaining employees in the Healthcare Sector Hiring and recruitment in the healthcare sector is indeed a major issue. The truth is the quality of healthcare offered in hospitals directly coincides with the professionals who are hired. Therefore, hiring is indeed an important topic and this is not only in the healthcare sector but also in other organizations as well. However, while talking about hiring and its repercussions, one should also never ignore the issue regarding turnover rates. Well, while an organization could be good at hiring highly qualified professionals, they could also be good at losing them or bad at retaining them. When turnover rates are high in an organization, there is always a problem and one that must be taken care off by management or else an organization’s reputation could be torn. In the healthcare sector, it is crucial that hiring only lead to the best employees and that turnover rates are kept or maintained at the lowest levels. The life of a single person is important enough to warrant serious steps being taken to ensure that only the best are hired and retained. St. Jude Children’s Research Hospital St. Jude Children’s Research Hospital is one of the few hospitals which focuses on children and not all children but only those who suffer from catastrophic diseases. Founded in 1962, and located in Memphis, Tennessee, St. Jude has managed to help millions of children since its inception and continues to offer hope to others. Apparently, it costs about $1.8 to $2 million to run the hospital every day and this is mainly because of the many complex operations which are done there (O’Bryan, 2013). For example, it costs about $546,229 to treat one child who is suffering from acute lymphoblastic leukemia which is considered the most common childhood cancer. Considering other factors like physical therapy, radiotherapy, etc. the operating costs can and should be way above the $2 million. Additionally, looking at the research done in the hospital, it is indeed essential to note how crucial the hospital has become to the entire world. For example, Pui et al. (2009), via the facility discovered that “with effective risk-adjusted chemotherapy, prophylactic cranial radiation can be safely omitted” during the treatment of acute lymphoblastic leukemia in children. The above was indeed a major breakthrough and adds on to the idea that St. Jude’s is indeed a pillar in children’s lives. However, despite the good work the hospital has been doing, it is crucial to note that there can never lack cha...