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QUESTION

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 disc

  • 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.
  • Cite all sources according to APA formatting guidelines.

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************ The *********** of *** *** ********* continues after *** ****** ******* since *** company ***** ** ********* ************ ****** The compensation ******** currently ******** in *** organization ********** *** ********* ******* ** pursuing *** **************** ******** Equity IssueThe internal ************ disparity can ** addressed ******* *** ************ of ********* pay ****** **** ****** *** *** ********* *** ***** ** *** ******* *** ******** **** **** to *** ********* ****** ** fair *** *** *** ******** ****** ******** *** *** differential ** currently ******** ** *** ******* *** ******* ****** introduce a compensation ******** that ** ***** ** ****** ********** and ************ ** ** ******** *** the ******* ** ******** ********* *** pay ******** *** *** ***** employees The ******* ****** ****** to ******** *** ******** ** *** ***** paid ******** ** ***** that of *** ************ ********* ** will be *** radical ** consider ******** *** ******** ** all the ***** employees ** match *** ****** ** *** lowest paid ******** ***** ********** *** *** *** *** the ********* *** increase ** ******** ****** be ******* to ******** performance An ***** basic ****** ** applicable *** *** the ********* ** *** **** ***** at the **** ***** of ********* *** ****** *** ****** ********* ** ************ will ** ********** ** ******************* ******* ** ** prudent to *** ******************* bonuses *** ******** ********** since a **** rate *** ****** *** ***** *** lead ** ******** ********* ***** ********* ***** lower ***** ************ ** **** **** ******* ******* ******* ***** **** *** **** ******* ******* their additional effortsCorrect External Equity IssueThe ******** ****** ***** ******* ** *** capability ** the ******* *** ***** **** ** ** ******* * ****** ***** ** *** prevailing ****** ***** *** *** *** ******** ******* market rates ******** the ****** salary employers *** ******* ** *** *** ******* ****** ** *** market ** ******** ** *** other ******** aside **** *** average **** ** also ********* ******* 2018) *** market audit should **** ******* ** *** **** ** *** ******* *** *** ******* ******** offered After *** ****** audit *** been ********* *** company’s current payment ****** be assessed ***** ** the ******** *** new ************ for the company **** ****** ** *** ********* capability *** *** ******* ****** **** for *** **** ** *** **** ** *** ******* ** ** a **** ******** *** *** **** **** ** above ******* but ** the firm ** in a bad ******** *** rate can be ***** ******* *** not *** low ** **** ** *** ****** ****** ******* ** the market ****** ** ***** ******* rate ** good for the ******* ***** it **** help in attracting the **** ****** * ********** ****** **** ***** ** *********** ** ****** that *** ******* ********* ** *** * fair ****** ******* ***** Equitable PayIt **** ** prudent ** ********* ** equal *** **** *** *** *** ***** *** new ***** ****** will ** fixed ***** ** *** position *** *** hires *** the **** position **** **** a similar salary that ** ** *** **** *** ******* ****** rate *** ******* will ****** that ******** ************ do *** ****** *** ****** ******* to the *** ***** ******** a *********** ****** **** will guarantee **** *** ***** ****** *** company’s ***** ******* ******* ****** ************ ******* & ****** 2016)Impact of ***** Compensation StrategyThe total compensation ******** impacts *** ********* ******** of *** company ********* **** ************ ******** can ******** *** financial operations ** an ************ ************ strategies ****** ** reasonable ** ***** *** ******* to ****** **** *** labor ************ *** company’s ************ *** ** be **** ** attract the **** ****** ****** desire ** **** with ********* **** ***** *********** ***** ************ can also act ** a ********** to *** ********* when ** ** tied ** ***** *********** A **** ***** compensation ******** ******* ** *** ********* ** ********* ******** ***** ****** ***** Employees *** motivated to **** **** *** ******* ****** them better ******** **** other available ************************************ * ****** Determinants ** ******** ********** and ***** ****** ** ******** *********** ************* ******* ** productivity *** performance management 63(3) *********** * * ****** An ************* ** *** *********** ********** ********* ******* ********* cash ***** ******** *** **** ********* performance: a ***** Accounting ***** ******* ***** ************** * & Stoltz * ****** ********** ************ **** retention ******** ********* *** **** ** ****** adaptability ******* ** Vocational Behavior ** *********** * J ****** ********* ************ Guiding *********** ****** strategies *************** * ***** ****** * V * ****** ********* ***** *** *** ****** A **** ***** *********** IUP ******* ** **** Skills 10(4) ********

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