As strategic HR professionals , calculating the costs and benefits of their activities will be a function they perform on a regular basis. The cost-benefit analysis is a financial tool that has been used in organizations for decades to determine the potential value of an activity, such as training employees on new software tools. Based on the cost-benefit analysis, the difference indicates whether the planned action is advisable for the organization to pursue. HR professionals consider costs and benefits on a regular basis and you will have the opportunity to examine a case study using cost-benefit metrics in this Assignment.

To complete this Assignment, review Exercise 40: Evaluating the Recruiting Function on pages 123–126 in Nkomo, Fottler & McAfee, 2011. Then, using the Excel documents, the other Learning Resources for this week and additional resources you may find in the Walden Library or online, respond to the following questions

• Using the data in Exhibit 2.9: Data on Recruitment Sources for Registered Nurses at St. Vincent’s Hospital, 2015 – 2016 (Excel document), complete the calculations on Form 2.5: Yield Ratios at Each Step in the Recruitment Process and Recruitment Cost per Nurse Hired, St. Vincent’s Hospital, 2015 – 2016 (Excel document). Include your answers to Form 2.5: Yield Ratios at Each Step in the Recruitment Process and Recruitment Cost per Nurse Hired, St. Vincent’s Hospital, 2015 – 2016 (Excel document) as an appendix to the paper. These calculations will influence your answers in this case.
• Describe the use of metrics for a hospital recruiting strategy.
• Explain the benefits of metrics in recruiting strategy development and execution
• Evaluate the nurse recruiting strategy for a hospital
  • What are the metrics used in the case?
  • What was the process the hospital used to select these metrics? Is it effective? Why or why not?
  • Based on the data calculations you completed, is the hospital using effective recruiting sources? Please provide your rationale?
  • Which recruiting sources would you need to manage more effectively and why?
• Assess the cost benefits of using HR metrics
  • How can HR metrics be used to lower costs?
• Explain how HR metrics can be used to create value for an organization
  • How could the recruiting process be improved through effective use of HR metrics?
  • What stage or stages of the hospital recruiting process seem the most amenable to improvements?
• Identify new specific metrics to support HR recruitment functions

Assignment must have at least three references.