Total compensation | Human Resource Management homework help

   

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You  were hired to work as a HR Consultant for a small local hospital, with  the task of expanding the workforce of certified medical assistants.   Looking at the current three employees, you find a discrepancy in  compensation between Susi, a 2-year employee at $28,000, Tom, 5-year  employee at $27,000, and Raul, a 10-year employee at $33,000. All are  employed as certified medical assistants, yet they all make different  amounts of money.  According to survey data, all three employees are  below the market rate for this job in the local job market.  All three  employees are also exemplary employees with near perfect scores in their  most recent performance evaluation.

Write a 700- to 1,050-word paper that includes the following:

  • Explain the discrepancy in pay among the current employees.
  • Describe the strategy you would take to correct the internal equity issue.
  • Describe the strategy you would take to correct the external equity issue.
  • Explain how you will ensure that new hires will be paid equitably both internally and externally.
  • Explain how an organization’s Total Compensation strategy affects an  organization’s financial operations and its ability to attract,  motivate, and retain top talent.

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550 words
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