Compensation and benefit packages are important tools for attracting, hiring, and retaining employees. The human resources department of larger organizations may set up the benefits package for all employees. As a nurse manager you may be involved in deciding on the types of benefits — the total rewards package — the business or organization will provide the employees.
Research how to create a total rewards package, including salary, benefits, incentive versus merit pay, bonuses, non-financial incentives, health insurances, stock options, and profit sharing.
Develop a 1,050-word proposal, recommending a total rewards package for an organization. Include an introduction, the package with the rationales for the requests, and a conclusion that opens the discussion for negotiation.
Submit your proposal.
Please see assignment and rubric attached.
Text Reading materials:
1. Human Resource Management in Health Care by L. Fleming Fallon Jr., Charles R. McConnell chapters 19, 20
2. Human Resource Management by Gary Dessler, chapter 13
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