Free research Compensation And Benefits Options Within The Healthcare Industry Research Paper Sample
Research for better production techniques in the Organizations, is very significant for effective marketing provisions. The Organization selected by our research analyst was a food products company in commodities like beverages, confectionaries, health foods, etc. The Compensation Specialist in the Health Care setting was quite aware of the importance of better health oriented food products for the industry markets. The environment of the Organization was entirely employee oriented, with a direct interaction achievement with the high level managers for the clarification of the doubts.
The questions to be asked included the determination of wages and salary levels for the employees. This was achieved with economical profits and benefits of compensation for employees performing well. The HR Team and the Health Care employees work towards creating a supply chain of employees for all the business units at all levels of the organization. Good advertisements, link with recruitment channels, keen observation of the market initiators to create employment for them, are the fundamental works of the HR here.
Some research is also conducted to keep a stock of good managers available at all times. For this the pay needs to be attractive from all angles. For instance in a marketing managers position, the employee to be considered for employment in the company should be clearly provided with a salary, bonus achievement slabs, project work provisions, team awareness and an Orientation Program to get acquainted with the higher level managers. This would ensure that the pay perceived is fair- the third interview question.
According to the fourth focused question, the employees never required to negotiate the pay because of fair and clear employment deals. The question for bonuses was included with an idea of creating an employee friendly work environment. Just as a consumer requires close relationship with the company, similarly the managers need to feel free for better performance in their respective arenas of work. As long as the workers are satisfied, a special project to change the pay systems is not required by the company.
Any standard change at intervals is required, is because of the change in the market trends. As per the last interview question, no employee works without incentives in some form. This incentive could be monetary, but lately the companies prefer a long lasting initiative as a conspicuous company investment. Like for instance – the employers could be provided with “Standard Benefit Cards” for creating their own projects, seminars, etc. This creates a feel of oneness with the company, sense of achievement and better knowledge of the industry’s manifesting focuses.
Customer Oriented Projects for better employee and personal interaction. This would create a keen atmosphere in the Organization, towards better goal oriented service and customer friendly objectives.
For better conformity of profits in the long run: If the employees and the managers are kept well satiated at all levels, by focusing on the right customer oriented projects and better interactions among the managers, the market would certainly create avenues for the company to function at maximum profits.
For a balance of employee activity at all levels of the Organization: This requires constant integration of the managed projects and works of research at all levels. Balance also refers to a keen motion between the market segments and the various levels in the Organization. For instance- in case of the research wing of the Organization, the market norms, market features, time slot entries and exits, market keen healthy competition and the supply chain maintenance requires complete balance as per the demand of the product.