Designing a Compensation Package Assignment, management homework help

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Question Description

Using the job description and evaluation method that you created for the exercises in weeks 2 & 3, and the feedback from peers, design a proposal for a competitive compensation package for the position, including the following elements:

  • Job description
  • Method of Job evaluation
  • Intrinsic and extrinsic benefits
  • Compensation package and rationale for same
  • How performance will be measured
  • Why the proposal you have created is appropriate for the market at this time.
  • Compensation strategy.
The proposal should be formatted in accordance with APA, 6th edition, and the guidelines of the template provided at the Ashford Writing Center. It should be between 2000 – 2500 words in length excluding title page and references. Be sure to include at least 6 scholarly and/or popular sources, one of which must be the course text

Here is the book: Weathington, B. L. & Weathington, J. G. (2016).Compensation and benefits: Aligning rewards with strategy

The job description is Health Care Administration

Tutor Answer

smartwriter
School: University of Virginia

Attached.

Running head: COMPENSATION PACKAGE FOR HEALTHCARE ADMINISTRATION

Compensation Package for Healthcare Administration-Outline
Student Name:
Institutional Affiliation:
Date:

1

COMPENSATION PACKAGE FOR HEALTHCARE ADMINISTRATION
1. Introduction


Job Description.

2. Body


Method of Job Evaluation



Intrinsic and Extrinsic Benefits



Compensation Package and Rationale



Performance Measurement

3. Conclusion


Appropriateness of the Proposal in the Market



Compensation Strategy

2


Running head: COMPENSATION PACKAGE FOR HEALTHCARE ADMINISTRATION

Compensation Package for Healthcare Administration
Student Name:
Institutional Affiliation:
Date:

1

COMPENSATION PACKAGE FOR HEALTHCARE ADMINISTRATION

2

Introduction
Healthcare administrators are in other occasions termed as healthcare executives or health
services managers. The healthcare administrators usually have various responsibilities within a
healthcare facility, which include not only planning and directing, but also coordinating of the
medical together with health services. It is upon the healthcare administrator to oversee the
diverse departmental operations of a health facility, medical and diagnostic laboratories together
with other medical facilities. Generally, it can be said that healthcare administrators make
certain that a health facility operates in an efficient, as well as, profitable manner (Pynes &
Lombardi, 2011).
Job Description
A job description involves taking a critical review of the duties and responsibilities, as
well as, the required minimum knowledge, skills together with abilities of a certain job position.
The duties and responsibilities of a healthcare administrator include the creation of work
schedules for both departmental heads together with other staff, maintenance of various records
such as medical along with staff records and keeping track of office together with medical
supplies stock (Ozcan, 2008). In addition, the healthcare administrators are expected to liaise
with the other medical staff in order to evaluate the efficiency of operations within the health
facility and make known newly introduced policies together with other changes to the entire
workforce. Moreover, they oversee financial management within the health facility and serve as
the connection between the general public, prospective financial backers and the health facility.
The healthcare administrators are also expected to respond to the queries brought about
by the nurses, doctors or patients. On top of that, they should compile expenses records and
come up with ways as to how the operations costs can be significantly minimized. Besides, they

COMPENSATION PACKAGE FOR HEALTHCARE ADMINISTRATION

3

should see to it that the patient health records are always up to date, inclusive of admission
details and the patients’ insurance data. Most of all, healthcare administrators ensure that the
health facility strictly operates as per the set healthcare laws together with regulations (Pynes &
Lombardi, 2011).
On the side of the required minimum knowledge, skills together with abilities, for one to
qualify to be a health administrator, he or she should have a grad...

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Anonymous
Good stuff. Would use again.

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