HLTH 4121 Walden University Employee Retention Discussion
Learning ResourcesNote: To access this week’s library resources, please click on the link to the Course Readings List, found in the Course Materials section of your Syllabus.Required ReadingsFallon, L. F. & McConnell, C. R. (2014). Human resource management in health care: Principles and practices (2nd ed.). Burlington, MA: Jones & Bartlett Learning.
Chapter 8, "Compensation and Benefits" (pp. 143-159)Career Builder. (n.d.). Find a job. Retrieved August 30, 2019, from http://www.careerbuilder.comChamberlain, A. (2017, January 17). What matters more to your workforce than money. Harvard Business Review, 2–4. Fortune. (n.d.). Fortune 100 best companies to work for. Retrieved August 30, 2019, from https://fortune.com/best-companies/Goldstein, R. (2019, May 16). Leveraging benefits and perks to drive employee recruitment and retention. Forbes. Retrieved from https://www.forbes.com/sites/forbeslacouncil/2019/...Indeed. (n.d.). Job search. Retrieved August 30, 2019, from http://www.indeed.comKaidi, K., & Atun, R. (2017, August 16). Fixing the recruiting and retention problems in Britain’s NHS. Harvard Business Review.LinkedIn. (n.d.). Home. Retrieved August 30, 2019, from http://www.linkedin.comMeinert, D. (2015, July 13). How to improve employee morale. Society for Human Resource Management. Retrieved from https://www.shrm.org/hr-today/news/hr-magazine/pag...Monster. (n.d.). Home. Retrieved August 30, 2019, from http://www.monster.comMorgeson, F. P. (n.d.). How to reduce employee turnover in healthcare. HealthcareSource. Retrieved July 9, 2019, from http://education.healthcaresource.com/how-to-reduc...Munger, M. L. (2016, May 17). Employee retention a bigger challenge in growing economy. Physician Practice Insider, 35(6), 8–10.Sellers, K., Riley, M., Denny, D., Rogers, D., Havener, J.-M., Rathbone, T., & Gomez-Di Cesare, C. (2019). Retention of nurses in a rural environment: The impact of job satisfaction, resilience, grit, engagement, and rural fit. Online Journal of Rural Nursing & Health Care, 19(1), 4–42. https://doi.org/10.14574/ojrnhc.v19i1.547 Tarallo, M. (2018, September 17). How to reduce employee turnover through robust retention strategies. Society for Human Resource Management. Retrieved from https://www.shrm.org/resourcesandtools/hr-topics/t...U.S. Department of Labor, Wage and Hour Division. (n.d.). Family and Medical Leave Act (FMLA). Retrieved August 8, 2019, from http://www.dol.gov/whd/fmla/Vermeir, P., Degroote, S., Vandijck, D., Mariman, A., Deveugele, M., Peleman, R., … Vogelaers, D. (2017). Job satisfaction in relation to communication in health care among nurses: A narrative review and practical recommendations. SAGE Open, 7(2). Webb, P. G. (2019). Managing today's workforce to meet tomorrow's challenges. Frontiers of Health Services Management, 35(4), 3-10. Document: Comparison Infographic Template (Word)Note: This template will be used to complete the Assignment for this week.Required MediaAirely, D. (2012, October). What makes us feel good about our work? [Video file]. Retrieved from https://www.ted.com/talks/dan_ariely_what_makes_us...Note: The approximate length of this media piece is 20 minutes.Laureate Education. (Producer). (2011). Good Samaritan hospital organizational chart—Week 4: Retention, compensation, and benefits. [Multimedia file]. Baltimore, MD: Author.Discussion: Employee RetentionIt is likely that you or someone you know has had unpleasant experiences with a particular job, business, or company. Dissatisfaction may have come about because of work environment, coworkers, wages, management, or other factors. Worker dissatisfaction and morale is a key concern of an organization’s HR department. HR professionals should be familiar with the various needs and challenges of a diverse workforce to identify ways to address those concerns.Human, financial, and time resources need to be planned and managed wisely by an organization’s leadership. Financial, legal, and ethical factors influence the HR professionals’ ability to provide compensation and benefits, mediate disputes, and otherwise aid in employee retention. An unwise management of resources may lead to employee discouragement, loss of motivation, and decreased productivity (Zeuch, 2016). One of the most important challenges faced by healthcare HR departments is developing innovative strategies for retaining employees (Fried & Fottler, 2015).In this Discussion, you will search for a healthcare position (or use one you previously identified) and analyze the compensation and benefits offered for the position. Then, you will recommend improvements to the benefits package. Finally, you will identify positive outcomes for improving employee morale and retention and strategies to address employees who are feeling unmotivated.ReferencesZeuch, M. (Ed.). (2016). Handbook of human resources management. Berlin, Heidelberg: Springer-VerlagFried, B. J. & Fottler, M. D. (Eds.). (2015). Human resources for healthcare managing for success. Chicago, Illinois: Health Administration Press.To prepare for this Discussion:Review Chapter 8 of the Fallon and McConnell textbook. Focus on identifying the importance of providing compensation and benefits for employees and the role the HR department plays in administering those provisions.Review the media Good Samaritan Hospital Organizational Chart—Week 4: Retention, Compensation, and Benefits found in this week’s Resources.Search for a healthcare position and analyze the job description. The job description you choose should include compensation and benefits information. You can find a healthcare position on the website of one of your local healthcare organizations or through one of the following online job search websites:Indeed: http://www.indeed.comCareerBuilder: http://www.careerbuilder.comLinkedIn: http://www.linkedin.comMonster: http://www.monster.comBy Day 4Post a comprehensive response to the following:Provide the title and a brief summary of the healthcare job description you have chosen.Identify the basic compensation offered.Describe the full benefits package offered by the company.Propose two to three improvements to the benefits package.Identify two positive outcomes for improving employee morale and retention. Support your suggestions with reputable resources.Provide two incentives that might attract job candidates.Recommend at least two strategies you might use to address an employee who is feeling unmotivated after one year of service. Explain why you think these strategies will help.Support your Discussion and peer responses with in-text citations and references from specific Learning Resources.Read a selection of your colleagues’ postings.By Day 6Respond to at least two of your colleagues' postings in one or more of the following ways:Suggest an additional benefit that could be offered to employees to improve morale and ensure retention for the position your colleague has chosen.Suggest an additional strategy to address an employee who is feeling unmotivated.Return to this Discussion in a few days to read the responses to your initial posting. Note what you have learned and/or any insights you have gained as a result of your colleagues’ comments. You are not required to post these final insightsAssignment: 100 Best Companies to Work ForThe effort to provide benefits and compensation, increase loyalty, and otherwise retain employees is ongoing and constantly changing. It is important for HR professionals to remain abreast of emerging trends and shifts related to employee retention. To do so, HR professionals can look to companies noted for great benefits and high workforce loyalty. These companies not only illustrate examples of new and innovative methods of employee retention, but they also act as beacons of what will become new standards for benefits and compensation.In this Assignment, you will compare the compensation and benefits offered by two companies. You also will also identify common aspects shared by the companies you select.To prepare for this Assignment:Review the Learning Resources for this week.Download the Comparison Infographic Template located in the Learning Resources.Visit the "Fortune 100 Best" website: https://fortune.com/best-companies/. Click on “Explore the List.” Select a company from the list by clicking on their name. The following page contains a thorough description of the company including the benefits they offer employees.Carefully review the descriptions on some of the companies included in the report and select two. At least one needs to be a healthcare-related company.Explore the information provided for each company as well as each company’s website.To complete this Assignment, complete the Comparison Infographic Template.Support your work with specific citations from this week's Learning Resources and additional scholarly sources as appropriate.By Day 6 of Week 4Submit your completed Comparison Infographic Template.