Compensation Package In The Organization/ MHC6306 Week 5 Project
Before beginning work on this assignment, please review the expanded grading rubric for specific instructions relating to content and formatting.
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.
· On the basis of your research and findings your paper should address the following:
· 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.
· To support your work, use your course and textbook readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.
· Your assignment should be addressed in an 8- to 10-page document.