Health care is a business and, like every business, it needs good personnel to operate effectively and efficiently. In order to attract and retain such persons, you need a quality compensation and benefits plan:
Your task on this assignment is to design a compensation plan for management employees that is fair â meaning that it recognizes and rewards effective employees and also is effective in retaining these high performers. What laws will you consider? Consider intrinsic and extrinsic rewards as well as bonuses versus pay raises. Discuss the advantages and disadvantages of some of the methods of evaluating job value (i.e Pay for Performance in Healthcare, broad-banding, Skill-based and Competency based pay) This will probably be 5 to 7 well thought out paragraphs. Please support your ideas with 1 or 2 appropriate references outside of your textbook. Please follow the writing protocols here.
***No executive summary required.
Health care is a business and, like every business, it needs good personnel to o
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