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Scenario 6-2
The shortage of professionals is a well-documented global issue occurring in countries with aging populations.As a result, an organization such as BCH, a health-care organization that oversees many diverse unionized health services in British Columbia, is experiencing staff shortages in nursing.Patients' waiting times have increased dramatically.Sixty percent of nurses will be eligible for retirement by 2022.Young graduate nurses are moving out of the province to health-care providers that are aggressively recruiting and providing new hires with incentives ranging from flexible work alternatives to educational funding support.Twenty percent of nurses are off the job due to illness or injury.Eighty percent of nurses are single parents, support an elderly parent(s) , or are a primary caregiver.BCH believes that becoming an "employer of choice" is a way to attract and retain its health-care professionals.
-Refer to Scenario 6-2.Upon what should BCH's nursing recruitment decisions be based
Balance Sheet
A financial statement that displays a company’s assets, liabilities, and shareholders' equity at a specific point in time.
Multiple-Step Income Statement
An income statement that separates operating revenues and expenses from non-operating items to calculate net income in several steps.
Income From Operations
Financial gain accruing from the essential operations of an enterprise, without taking into account interest and tax deductions.
Net Income
The company's net earnings following the deduction of all expenses and taxes from its gross revenue.
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