The report will discuss the strategic contribution of HRM, based on the RBV, in supporting and retaining staff and optimising their contribution to the strategic capability of the Regional Hospital. It will highlight the significance of HR metric and analytics in helping and supporting the decision makers to make better decisions with the concerned Regional Hospital. Further, it will provide significant recommendations on the relevant HR metrics to the managers of Regional Hospital with an explanation to why they are relevant to the current situation of the hospital. The issue identified within the case study is the shortage of nurses and the requirement to train and develop managers and supervisors.
In this report, analysis of the case study on Regional Hospital Strategic Decisions will be done. The case study has highlighted the challenges of the current shortages of nurses and the requirement to train and develop managers and supervisors. These factors have had a huge impact on staff retention and satisfaction, care of patient and the costs related to manage the hospital. In this particular report, Human Resource metrics will be introduced and analysis will be done with respect to discussion on the activities of hospital, particularly in terms of numbers of nurses, quality of management along with training and development of nurses.
The report will be covering the contribution of Human Resource Management strategies to retain and support staff. This will be done on the basis of Resource-Based View (RBV). Also, it will be discussed as to how these strategies have contributed to optimize strategic capability of the respective hospital. Further ahead, relevance of HR metrics and analytics will be discussed to that would help the decision makers of the hospital. The relevant HR metrics will be recommended followed by a detailed explanation on why these can be considered relevant for the present situation and events of the hospital.