Compensation Options

Compensation Options

Description

Imagine that you have been asked to redesign the compensation plan for your organization.

Your goals are reduced turnover, increased patient satisfaction, and increased employee

satisfaction/engagement. Your purpose is to develop a thorough compensation plan for

your health care organization. Compensation Options

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• Summarize the five key elements that must be considered as you develop the

compensation plan.

• Detail the revised compensation plan -use both Direct and Indirect Forms of

Compensation to develop your overall strategy.

Use the materials presented in the textbook and outside sources to design a new

compensation plan. In a 2-3 page document, outline your new plan in APA format. A

minimum of three references, plus the textbook are required.

Requirements

Paper defines and discusses the strategic role of human resources in compensation

design for a health care organization.

Identifies the major challenges in compensation at all levels within a health care

organization.

Paper identifies the two general types of compensation and the components of each Compensation Options

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