Writing Service-Compensation Methods

Writing Service-Compensation Methods

Compensation Methods

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 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.