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