The shorter version, for this compensation package.

Anonymous
timer Asked: Jul 6th, 2018
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Question description

You have been asked to develop a compensation package for the new CEO of the hospital, the new IT manager, and a new pediatric nurse. What components will you address in each of their packages? Will you offer the same type of compensation (variable, fixed, bonuses etc.) for each? Will performance play a part in your compensation package? Provide rationale to support your viewpoint.

Tutor Answer

Kishnewt2017
School: Duke University

Attached.

Running head: STRATEGIES FOR COMPENSATION

Strategies for Compensation
Name
Professor
Course
Date

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STRATEGIES FOR COMPENSATION

2

Compensation Package
A compensation package is the sum of the salary and other fringe benefits that an
employer gives an employee. The benefits include items such as holidays, sick days, pension
plans, health insurance, life insurance and sabbaticals among others. A good compensation
package is a part of a good business strategy. The level of education, the skill set of a job, and
experience are factors that are considered when developing a compensation package. For
different positions in the organizational structure, there are different compensation packages. The
compensation package for the Chief Executive Officer, the IT manager, and the Pediatrician will
therefore vary.
To begin with, the Chief Executive Officer is the highest level in the hierarchy of an
organization. As such, they carry heavy responsibility such as making the major decisions,
ensuring that the overall day-to-d...

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Anonymous
Top quality work from this guy! I'll be back!

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