Assignment: Compensation Packages
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:
• 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.