Assignment: Compensation Evaluation
You were hired to work as a HR Consultant for a small local hospital, with the task of expanding the workforce of certified medical assistants. Looking at the three current medical assistants, you find a discrepancy in compensation between Susi, a 2-year employee at $28,000, Tom, 5-year employee at $27,000, and Raul, a 10-year employee at $33,000. All are employed as certified medical assistants, yet they all make different amounts of money. According to survey data, all three employees are below the market rate for this job in the local job market. All three employees are also exemplary employees with near perfect scores in their most recent performance evaluation.
Write a minimum 500-word paper that includes the following:
• Explain potenial legitmate reasons and illegitmate reasons for the discrepancy in pay among the employees.
• Describe the strategy you would take to correct the internal equity issue.
• Describe the strategy you would take to correct the external equity issue.
• Explain how you will ensure that new hires will be paid equitably both internally and externally.
• Explain how an organization's total compensation strategy affects an organization's ability to attract, motivate, and retain top talent.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.