Identify an Organization You Are Familiar with (Such as from Your

question 27

Essay

Identify an organization you are familiar with (such as from your work experience or from the course textbook).Describe one method used by the organization to determine external and internal supply of the organization's personnel.
Pacific Health Care
Pacific Health Care ("PHC")operates 18 health care facilities in B.C.with more than 1 600 total beds,and it employs approximately 2 200 registered nurses ("RN")and 350 licensed practical nurses ("LPN").PHC focuses its services on four "populations of emphasis": cardio-pulmonary risks and illnesses,mental health,renal risks and illness,and specialized needs in aging.
Administrators in PHC's facilities are worried about a looming shortage of RNs and LPNs and are already experiencing rising overtime and sick-time costs.A chronic shortage of specialty-trained nurses resulted in a six percent increase in overtime costs over the previous year.Specialty nurses took home $125 000 in overtime pay this past year.Median pay for a registered nurse with specialty knowledge and skills is $75 000 a year.
RNs and LPNs are not working to the fullest extent of their respective scopes of practice.RNs are in charge and given patient information and assignments,and LPNs "float" around helping with tasks such as taking vital signs and answering call bells.LPNs have limited patient information and are not encouraged to participate in patient care plans.Staff departures by retirement or resignation are increasing.
Each department is undertaking a detailed assessment of its staffing needs with the aim of working toward developing a staff complement that has the skills,capacity,and expertise to meet PHC's HR needs.

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Definitions:

Close Substitutes

Goods or services that can serve as replacements for each other with little loss of utility to the consumer.

OPEC Oil Cartel

An international organization of oil-producing countries that coordinates and unifies the petroleum policies of its member states to stabilize oil markets and prices.

Inelastic

Describing demand that does not significantly change with the price changes of a good or service.

Income Elasticities

Refers to the sensitivity of the demand for a good to changes in the income of the consumers who buy this good.