Fair Compensation Discussion Assignment
Fair Compensation Discussion Assignment
In excellent HCOs, Human Resources Management (HRM) emphasizes training for virtually all associates, supports the transformational culture by training all managers and supporting their development, and advises on all human resource issues. Traditional HRM functions of recruitment, compensation, benefits management, and collective bargaining continue. In fulfilling its purposes, HRM becomes a central force that shapes and sustains the culture of empowerment and transformation, a major contributor to improvement goals and a critical component of strategy development.
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Upon completion of this assignment, you should be able to:
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Analyze the reasons that HCOs strive for compensation that treats similar positions equitably and that is competitive with similar employment elsewhere.
Resources
Textbook: The Well-Managed Healthcare Organization
Website: Online Student Resources and Book Companion: http://www.ache.org/pubs/hap_companion/book.cfm?pc=2156
Background Information
Compensation constitutes more than half the expenditures of most HCOs. From the organization’s perspective, such a large sum of money must be protected against both fraud and waste. From the employee’s perspective, accuracy regarding amount, timing, and benefit coverage should be perfect. Fair compensation is based upon perceptions and must be properly managed to find the win-win for the HCO and the employee.
Instructions
Review Chapter 11 in The Well-Managed Healthcare Organization.
Navigate to the threaded discussion and respond to the following topic adapted from The Well-Managed Healthcare Organization:
a. The local news calls, having found the HCO’s IRS Form 990. The reporter notes that the CEO and several employed physicians are listed with generous compensation. She’d like an explanation of the HCO’s policy.
What’s the best answer? (p. 350)
What are the key takeaways you want the reporter to put in her story? (p. 350)
How do you ensure compensation is equitable?
Your initial response should be 200to 250 words in length and include at least one citation from the textbook, articles, or other credible sources. Your citations must be in proper APA format.
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You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.
Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.
The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.
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