In your training, you have learned that developing an effective compensation method is essential to a company’s employee turnover and retention. Now, you must demonstrate your understanding of compensation methods by developing a 15-slide presentation with audio narration to present to the human resources director. Your presentation should: · Describe three different compensation methods for support staff and two different compensation methods for physicians.
In your training, you have learned that developing an effective compensation method is essential to a company’s employee turnover and retention. Now, you must demonstrate your understanding of compensation methods by developing a 15-slide presentation with audio narration to present to the human resources director. Your presentation should:
· Describe three different compensation methods for support staff and two different compensation methods for physicians.
· Describe two advantages and two disadvantages of designing, implementing, and using these methods.
· Recommend one compensation method to be used for physicians and one compensation method for support staff, and defend why you made each recommendation.
· Explain the impact of compensation on the recruitment of support staff and physicians at Lockeport Medical Center.
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