Compensation and Benefits Options Within The Healthcare Industry
Kaplan University
Abstract
The Human Resource Department is one of the most significant areas inside a business. Their job functions consist of providing effective policies and procedures, administrative duties, and staffing; In addition, HR must ensure the company’s vision, mission, and values are being followed by other departments in the organization. Within the HR department there are important positions such as a Human Resource Generalist, a Human Resource Director, a Human Resource Manager, and a Human Resource Assistant. Each position is responsible for helping the organization achieve …show more content…
Compensation and Benefits can include monetary and non-monetary components such as base salary, annual incentives, retirement plans, health insurance, vacation, merit, long-term incentive pay. The Human Resource departments use these components as a competitive strategy; In addition, they use these components to attract the top candidates for their company. Employees’ drive a company’s performance, so company’s must ensure employees are being compensated for their hard work if they wish to have a positive output. Employees tend to feel motivated to help their company reach its vision if they feel they are being valued by their employer. This can consist of bonuses, raises, or high base salary. Human Resources should always have an understanding of compensation and employment laws to keep from having legal …show more content…
The healthcare facility is owned by Dr. Harvey Carter, a practicing ophthalmologist doctor. His job consists of diagnosing patients and treating diseases, injuries, or trauma of the eye such as glaucoma or cataracts. Inside the facility included a staff of 20 along with the different rooms set up for each patient’s needs such as the waiting area, the surgery room, the eye exam room, the supply room, and the offices for staff. The person I conducted my interview with was the office manager. Her job functions consisted of hiring new employees, completing medical charts, accounts payable, accounts receivable, and other administrative duties. During the interview I asked her several questions listed in the outline for Unit 3 assignment. The first question I asked was, How do you determine wages and salary levels for your employees? She stated wages and salary was determined by reviewing the candidates skills and qualifications, along with the job description, and whether it’s full time, part time, or contracted. Contracted workers in their company are usually given a higher base pay, since they do not receive benefits through the company. The second question asked was, How do you ensure that pay is perceived as fair? Her response was, they research all positions before hiring to ensure they are in compliance with employment laws. She stated they also research their competitors rates, so they can match or offer higher