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Healthcare management pppt edited

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Healthcare Management and Administration
Student’s Name:
Institution Affiliation:
Course:
Instructor:
Date:

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What are the major elements of an employee's total compensation
package?
The key components of the overall pay package of the individual are basic salary,
retraining, wellbeing management, incentives, and repaid time off. Entire awards are
described as an overview of salaries for employees (Verhulst and DeCenzo, 2019, pg. 279).
All the items mentioned are included in a choice by an employee when comparing other jobs,
and a solid health plan was evaluated higher than the salary rise based on multiple polls.
Recompense for employees is typically categorized either by inherent and extrinsic
incentives, money or non-financial recompenses, and performance affiliation incentives.
Residing within U.S workers' compensation is an instance of state legislation that controls
compensation. This legislation mandates that companies operating in New York pay their
employees' wages, although little is expected.
Where you reside, what are examples of state laws regulating
compensation?
According to Wayne Cascio, "total remuneration is everything that an employer is
prepared to pay for a person's services to an organization, knowledge, skills, and dedication"
(2017). Total compensation comprises recompense (including base salary, merit raises,
incentives) and legal privileges (for example, social security, recompense for employees, and
compensation for unemployment) and voluntary benefits (like medicinal insurance,
retirement plan, and savings program) (Meacham, Thompson, & Hall, 2017)
As an HR Manager, how would you customize the elements of total
compensation to meet the needs of a multigenerational workplace?

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1 Healthcare Management and Administration Student’s Name: Institution Affiliation: Course: Instructor: Date: 2 What are the major elements of an employee's total compensation package? The key components of the overall pay package of the individual are basic salary, retraining, wellbeing management, incentives, and repaid time off. Entire awards are described as an overview of salaries for employees (Verhulst and DeCenzo, 2019, pg. 279). All the items mentioned are included in a choice by an employee when comparing other jobs, and a solid health plan was evaluated higher than the salary rise based on multiple polls. Recompense for employees is typically categorized either by inherent and extrinsic incentives, money or non-financial recompenses, and performance affiliation incentives. Residing within U.S workers' compensation is an instance of state legislation that controls compen ...
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