During Strategic Planning, the Committee Finds a Need to Develop

question 28

Multiple Choice

During strategic planning, the committee finds a need to develop a succession plan for the facility. What committee findings would draw attention to this need? Note: Credit will be given only if all correct choices and no incorrect choices are selected. Select all that apply.

• A) More nurses are electing to move into management positions.
• B) Many of the facility's senior nursing managers indicate they will likely retire within 5 years.
• C) The nursing shortage in the area continues to worsen.
• D) Salaries continue to rise, making profitability low.
• E) Many of the nurses moved into leadership positions fail.

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Definitions:

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods such as teaching, training, storytelling, discussion, and directed research.

On-The-Job Training

The education and training provided to employees while they perform tasks or processes related to their job at the workplace.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Marginal Productivities

Describes the additional output generated by employing one more unit of input, holding other inputs constant.