P5

Tasks:Select one healthcare organization of interest to you and research the compensation package in the organization.***On the basis of your research and findings your paper should address the following:***Do a cost-benefit analysis of the selected healthcare organization. Explain your analysis of the cost-benefit ratio and how it helps an organization.***Explain the impact of the cost-benefit ratio on recruitment and retention strategies of a healthcare organization.***Outline ways to improve the cost-benefit ratio of the selected healthcare organization.***Explain the role of HRM in ensuring the most competitive compensation package for employees.***Describe methods of improving the compensation package of the selected healthcare organization. Explain how your recommendations could enhance recruitment and retention strategies of the organization.***Discuss how you would address competitive compensation, benefits packages, career development, and succession planning in working towards the selected healthcare organization’s strategic goals.8-10 pages and APA format

 

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