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Compensation package

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Question Description

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.

Submission Details:

  • 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.

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