Compensation EvaluationYou 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 organizations Total Compensation strategy affects an organizations
financial operations and its ability to attract, motivate, and retain top talent.Cite all sources according to APA formatting guideline Answer Preview
There are numerous discrepancies issues among current and upcoming employees. Completing similar tasks as business counterparts and getting different wages looks unfair (Rafferty, Morello & Rountos, 2016). Although it is normal to expect to receive similar wages, there are basic grounds why you are definitely paid less. Although it is not a wise idea to have a wide wage gap between two employees doing similar jobs. Thus, employees should discuss this issues with the organization leader, employer or human resource department. Skills, education level, experience and how long a person have worked for the organization are some of the causes of salary discrepancies. Raul is expected to be receiving more salary because he has worked for that local hospital for ten years. Though, his pay is extremely high because the three employees have got similar skills where there are all certified as medical assistants
.APA 939 words
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