Hospitals and other healthcare organizations strive hard to provide comprehensive benefits packages to attract and retain workers at all stages of their careers. These benefits are provided in a cost-effective way to meet the needs of staff and comply with federal guidelines. (Sampson & Fried, 2015)
You are appointed to the benefits administrator at San Jose County Hospital to address employee benefits issues. In a 5-page report, address the following questions:
What is an employee benefit?
How do benefits affect the recruitment and retention efforts of healthcare staff?
What are the challenges faced by healthcare managers in designing and implementing incentive programs and benefits packages?
List four employee benefits, and discuss them in terms of the following:
What is the purpose of the benefit?
Who pays?
Who determines the amount?
What are the types of plans?
Why is it important to do a cost–benefit analysis in HRM activities, especially recruitment and retention?
How do financial issues or concerns like benefits influence HR policies?
Make a recommendation in your summary on the types of benefits that San Jose County Hospital should offer to its employees.