In this assignment, you will review compensation packages in healthcare organizations
TASKS:
Research the compensation package for Lexington Medical Center in West Columbia, South Carolina.
- On the basis of your research and findings the paper should address the following:
- Do a cost-benefit analysis on Lexington Medical Center. 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 the 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.
- The paper must be 8 to 10 pages and be in APA 7th edition format
- Textbook Information: Flynn, W. J., Mathis, R. L., Jackson, J. H., & Valentine, S. (2016). Healthcare human resource management. Boston, MA: Cengage Learning.
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