HSA 4180 Chapter Notes - Chapter 8: Organizational Culture, Child Care
17 Oct 2016
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Compensating Staff
• Compensating staff—
o Means determining and giving wages, salaries, incentives, and benefits to
workers
• Compensation includes—
o Cash compensation
▪ Wages
▪ Salaries
▪ Merit increases
▪ Bonuses
▪ Incentives
o Benefits
▪ Paid vacation
▪ Health insurance
▪ Child care
▪ Retirement contribution
• Compensation strongly affects how well an HCO obtains and retains employees
o It strongly affects and HCOs survival
• Besides receiving compensation as a financial reward, employees also receive
nonfinancial rewards as part of a total rewards approach
o Non-financial compensation includes
▪ Praise, recognition, and awards
▪ Promotion and advancement
▪ An organizational culture and policies that enable workers to balance
work and personal lives
• Compensation is complex for several reasons:
o It is an important and sensitive matter for each employee
▪ Today’s aageet tip—
• Do ot ake a istake ith soeoe’s payhek
o Dozens of laws and court decisions affect how HCOs compensate workers
o When it comes to pay and benefits, one size does not fit all
▪ Many compensation differences among employees in an HCO arise
because of
• Differences in the value of jobs
• Laws that regulate how workers must be compensated
• Individual motivations
• Other factors
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