Medical Wage Obligations

Training and Development is imperative to the organization’s progress. Training helps addressing employee weaknesses and builds a reliable and skilled workforce. This will improve the employees’ performance and boost their self confidence, and innovation. By acquiring the needed knowledge and skills, employees can perform more efficiently and increase the overall productivity of the organization.

Solutions: Business health insurance is a major cost of doing business, especially for small companies as groceries. With premiums soaring, many small business owners are asking their employees to shoulder more of the financial burden or cutting benefits entirely. Grocery health insurance may take a huge chunk out of the revenue, but benefits often attract better employees and help retain existing workers. Satisfied, healthy employees are more likely to help your business grow. As a mediator that struggling to provide health insurance, the following solutions can reduce the small business health insurance benefits and costs.

The emphasis and value an organization places on how much and the quality of training it gives its people is the most

There is a spacious room for lemon in insurance field. The price for health insurance is not fixed, it varies based on the level of the need an applicant may require for the insurance. As in the case of elderly people over the age 65, it is well known that it is very difficult for them to get health insurance because of its high price as they certainly will need it more than other applicants. On the other hand, employees working in companies are offered health insurance as a part of the companies’ policies and regulations. This actually create more room for lemon in the insurance field and less chance for old people who need it more. This ended up with adverse selection by the insurance companies. (A.Akerlof, Aug

Organizational analysis “involves determining the appropriateness of training, given the company’s business strategy, its resources available for training, and support by managers and peers for training activities” (Noe, 2013, p. 114). Organizational analysis has determined that retraining needs to occur in several key areas. Training will be given to managers, on improving communication, motivating and retaining employees through coaching and individual pathway development, with a

Rising health care cost has challenged organizational leaders to develop new strategies and initiatives to reduce cost. New initiatives are important because the rising health care cost often interferes with an organization's ability to make a profit or stay in business (Littler, 2007). Possible initiatives for combating rising health care cost could be shifting all responsibility to employees or redesigning the benefit where both parties share the responsibility. Some organizational leaders have chosen the strategy of shifting costs to employees over redesigning their benefits system to combat rising health care cost (Larsen & Pomeranz, 2009). The redesigning of the system could include dropping health insurance coverage for employees (Blumenthal,

1.2. Assess the responsibilities in a specific health and social care work place for the management of health and safety in relation to organizational structure.

Giving benefits to the employee, especially health insurance, it’s extremely important. In the report, the writer talked about the importance of worker retraining and how this affect positively by enjoying high real wages and low unemployment. I believe that maintaining the employees happy is very good for the company, and for the economy too. Nowadays, it’s very difficult to find jobs, so if a person quits from his/her job because he/she is not happy there, it would be very hard to find a new job; and also it would be very costly to the company to recruit new employees and train

Having health insurance is relieving for every individual; recent graduates face the dilemma of how to begin to or continue to receive health insurance. Additionally, maintaining one’s health and wellness involves frequent doctor visits and these visits can easily add up if health insurance is not present. As a future graduate, I need be informed and prepared beforehand about the health care system and which health insurance option is best suited for my needs once I graduate. Recent graduates may be able to receive insurance through their job, but some graduate are not successful in his or her job hunt (U.S. Department of Health & Human Services, 2015).

I’d recommend for the company to update and expand their current health benefit plan by creating options of health benefits according to its employee’s necessities and the company capabilities. It is also crucial to upgrade the current retirement system sponsor by the company, to allow all employees to set up obtainable personal goals to retired with dignity and the necessary means to enjoy the fruits of their labor. By upgrading the current health benefits plan and retirement system, the company will experience an improvement in morale, job performance, quality labor, and the indispensable employee

Our current financial atmosphere is keeping on constraining medicinal services associations to assess operational efficiencies. Boosting benefits, or if nothing else not working at a misfortune, has long been at the cutting edge of business destinations. Not very many associations can make due over the long haul without meeting their uses. Hazard administration is commonly a cross breed capacity crossing over various controls to lessen the rate of authoritative misfortune. Exercises can be proactive, endeavoring to avoid or moderate a misfortune or responsive as it were, harm control. Proactive danger administration may maintain a strategic distance from a few misfortunes and costs that could some way or another effect your primary concern.

When creating a training program for an organization, ensuring the well-being of the employees are considered so they are able to deliver the most valuable outcomes with their jobs by being successful and perform at a high level of performance. (Treven, 2015) This can lead to further advancements as leaders, supervisors or management. Along with the advancements, this is also a platform for less absences or turnovers and a better reputation in the work field to attract better inquiries from potential employees. (Treven, 2015)

The 2004 American Society for Training and Development (ASTD) Competency Model describes "what it takes for an individual to be successful in the training and development field," (p. 38). The model is designed in pyramid format with Successful Execution at the top. Successful Execution depends on the "roles that training and development professionals can take," (p. 38). Four such roles are depicted: that of Learning Strategist, Business Partner, Project Manager, and Professional Specialist. Learning specialists analyze the needs of the organization and its comprehensive business strategies, and determine what types of learning strategies, tools, and techniques should be applied. The Business Partner "uses business and industry knowledge to create training that improves performance," (p. 38). The Project Manager takes care of planning and coordination; and the Professional Specialist designs the solutions. Collectively, there may be many different roles within this rubric.

Training and development are very important to every organization because it can increase the effectiveness of the organization. Training is a program to increase an individual’s knowledge, skill, and ability lead to increase performance on

modern federal health care legislation may address some issues; however, it is tranquil very likely that the costs will continue to rise. Thus, companies will be looking to shift the burden for the costs of benefits. Some of this will be shifted to the government, some will be shifted to workers, and peaceful other benefits will unbiased be chop because they are no longer affordable. Many companies have already chop their defined benefits pensions and retirement programs. Others have modified them to lower matching contributions when they aren’t making a profit. Others have shifted their health insurance to high-deductible plans which offer lower premiums, but also require workers to lift up mighty of the basic cost even when they exhaust health savings accounts. Thus the trend for many companies is to be more frugal with employee back offerings; however, other companies will consume their enhanced abet programs as a recruiting tool to attract the top talent in their industry. So each company must analyze their benefits in relation to their overall strategy to attract and support talent for their firm while balancing the overall costs of the programs. You must be able to reply the basic expect, “What is our compensation and benefits philosophy and how does if fit into our overall business strategy?