Benefit Programs and Compensation Administration

Employee Benefits: The Company should consider and perform a cost benefit analysis for offering better benefits for employees.

3. One reason employers might offer a particular employee benefit is to aid in recruiting certain type of workers. as an example, tuition reimbursement program to attract highly motivated employees. What other examples of benefits might be used to attract a particular type of employees? What types of employees are the most attracted to these benefits ?

Confidentiality is a concept of vast importance for professionals in the medical field. It is a professional obligation in this field and is considered to be an ethical concept that falls in line with integrity, compassion, veracity, charity, and fidelity as explained in both the International Council of Nurses Code for Nurses (1973) and the American Nurses Association Code of Ethics (1985). However, in today’s ever growing world of technology and demand for information, challenges continue to arise that force doctors and nurses to reexamine virtues such as confidentiality.

Roles and responsibility of the work are adhered to. Personal information about patient are kept confidential except where it is necessary with other staff that care for the same patient or to the health care team attending to them.

However, everybody who has contact with the patient or the environment is entitled to relevant information that will enable them to reduce the risks of transmission to

Benefits specialists can reduce the company’s costs associated with turnover, attrition and hiring replacement workers. They are important to the organization because they have the skills and expertise necessary to negotiate group benefit packages for employees, within the organization's budget and consistent with economic conditions. They also are familiar with employee benefits most likely to attract and retain workers. This can reduce the company’s costs associated with turnover, attrition and hiring replacement workers.

Confidentiality in the Healthcare arena can be simply defined as the moral and ethical duty of the Practitioner to keep all the patient’s bio-data under lock and key, and offer a disclosure of those facts that the patient is legally mandated to disclose or deems fit to enhance their positive health outcome. According to the Segen’s Medical Dictionary, “Confidentiality is the ethical principle that a physician may not reveal any information disclosed in the course of medical care, unless the patient who disclosed that information poses a threat to him, herself or others’’

Pay-for-performance programs are expected to expand across the United States health care in the near future, especially with the implementation of the Affordable Care Act. The pay-for-performance is going to continue to increase the quality of health care that the patient receives from their

The reading course material required for this class, and the information reviewed throughout the course are the foundation for the content of this Guide. Each of the five key compensation processes will be reviewed in the context of:

The purpose of employee benefits is to compensate employees not only for their hard work but to endorse loyalty while keeping cost low. There are a few things to consider when putting together a plan for employee benefits. One thing to consider is the benefits that are mandatory according to the law. Social Security, for example, is arranged in the future for those who are planning to retire with the exception of state and federal employees who have been offered their own plans. (Noe, Hollenbeck, Gerhart, & Wright, 2011) Another thing to consider is Worker’s Compensation and Unpaid Family and Medical Leave. Worker’s Compensation is programs that ensure that employees receive benefits if they cannot perform their job due to an injury that occurred

The confidentiality of patient visits and medical records are essential in providing the highest quality of health care. Under penalty of law, a patient's medical records or any other information regarding the patient may only be released with his or her authorization. Exceptions to this are certain cases specified by law for example, health care providers are required to report certain communicable diseases such as measles. Many organizations and laws have been developed to maintain patient's rights of confidentiality and access to their medical record. Guided by the principle that confidentiality is essential in developing strong trust between patients and healthcare providers, the

Chapter conclusion: Benefits for employees are very important for companies. Benefits for employees include various insurance plans, paid vacation days, paid sick leave, paid days off, etc. Different companies need to establish different benefit plans based on their company conditions. In brief, benefit in one of the bridge between employers and employees.

Although research generally confirms that pay-for-performance plans can influence greater outcomes, it is unclear how effective different pay plans are relative to each other (Park, 2012). Like most things in business, compensation is something that requires evaluation, study, assessment, strategy, modeling and integration.  Achieving a pay for performance culture does not happen without paying attention to the behaviors, activities, rewards and motivations that have to be linked and reinforced through a well engineered and successfully executed process.  Actually if that process does not tie rewards to shareholder financial objectives, employ the proper mix of compensation elements, result in meaningful dollars, embrace performance that employees can impact and are effectively communicated and reinforced, then the results it produces will likely fall short (Vision Link Advisory Group, 2013).

Employee benefits are a tool used by businesses to attract potential applicants, improve employee satisfaction, reduce turnover and maintain competition. Benefits that most employers offer include, but are not limited to, medical and dental coverage, time away from work, retirement, and additional assistance during life changing events. The majority of employers in the United States offer benefits to their employees and include an annual enrollment yearly to select benefits and make any needed changes.

What is a compensation packages? Compensation packages are a group of different benefits that employees gain for employers. Compensation is needed for every business no matter what it is to be successful; I do not know anyone who would work for free. (“Cost-benefit analysis assesses the profitability of a financial endeavor by considering the present value of each cost and benefit. Present values are used under the assumption that money available now is worth more than money in the future. That is generally true in an economy with positive inflation, so values need to be discounted for this effect. Cost-benefit analysis use ratios for assessing the investment, but a positive cost-benefit ratio does not necessarily mean you have a positive expected return.”) ("How to Determine Whether the Cost-Benefit Ratio Is Positive or Negative | Chron.com," 2015)