In this assignment, you will review compensation packages in healthcare organizations.
Select one healthcare organization of interest to you and research the compensation package in the organization.
- Do a cost-benefit analysis of the selected healthcare organization. Explain your analysis of the cost-benefit ratio and how it helps an organization.
- Explain the impact of the cost-benefit ratio on recruitment and retention strategies of a healthcare organization.
- Outline ways to improve the cost-benefit ratio of the selected healthcare organization.
- Explain the role of HRM in ensuring the most competitive compensation package for employees.
- Describe methods of improving the compensation package of the selected healthcare organization. Explain how your recommendations could enhance recruitment and retention strategies of the organization.
- Discuss how you would address competitive compensation, benefits packages, career development, and succession planning in working towards the selected healthcare organization’s strategic goals.
- Present your analysis in a 6- to 8-page Microsoft Word document formatted in APA style. On a separate page, cite all sources using APA format.