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Performance Management and Compensation
In any health care organization, employees seek good job satisfaction, and employers seek good performance. This can partly be achieved through a good compensation system. For this assignment, address the following:
Describe in detail 3-4 goals that a compensation program should attempt to achieve.
Explain and discuss some of the unique dilemmas health care organizations face when creating a compensation system.
Describe the systematic approach health care organizations may use to determine the monetary value of a job.
NOTE: Sue APA style to cite at least 5 scholarly sources from the last 5 years.
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The paper is about how a compensation plan of any health care organization should be framed and what all compensation strategies can be devised to help it to plan out its compensation in better manner. The paper also discusses about the dilemmas that the management might be facing while designing the compensation plans. The paper also talks about the best possible way of designing the compensation a plan for the employees. The paper has been written in Microsoft word and is of 1300 words.
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