Can you think of ways in which compensation based on productivity and/or profitability may be appropriate...

Can you think of ways in which compensation based on productivity and/or profitability may be appropriate in a healthcare organization? Give at least 3 examples of compensation based on productivity and 3 examples of compensation based on profitability.

Expert Solution

Here we will discuss the ways in which compensation based on productivity and/or profitability may be appropriate in a health care organization along with the three examples of compensation based on productivity and three examples of compensation based on profitability.

Before we get into the examples we need to understand the meaning of compensation based on productivity and compensation based on profitability.

Compensation based on productivity is that compensation or the bonus which is given to the health care staff, doctors, or employees based on their hard work in the healthcare institution to motivate them to produce more of the successful and desired results.

whereas on the other hand, compensation based on profitability is back compensation or the bonus which is given to the healthcare staff doctors for employees based on the amount of profit earned by that healthcare institution in a specific or a particular time period to motivate them to produce more of the successful and desired results.

Examples of compensation based on productivity in Healthcare institutions:-

1) The compensation of the bonus should be given to healthcare staff or doctors then they have achieved a standard or a goal or any objective of the Healthcare institution.

2) Compensation order bonuses should be given to the health care staff or doctors for their overtime or extra hard work done by them in the Healthcare institution.

3) Compensation of the bonus should be provided to Healthcare staff or doctors for their appreciable acts done in the Healthcare institutions.

Examples of compensation based on profitability in Healthcare institutions:-

1) Whenever there are extra profits in the healthcare institutions that should be divided among the employees for doctors for healthcare staff in the form of compensation.

2) Whenever there is a sudden gain or profit in an organization that should definitely be divided among the healthcare staff doctors in the form of compensation to motivate them.

3) compensation based on profit should be given to the healthcare stop or doctor as the bonus to keep them motivated.

A Thumbs Up! Would be really helpful for me. If you have any questions, please leave a comment and I will get back to you as soon as possible.

keosha answered 5 months ago

what is evidence based management t. Then discuss ways in which you think a business can...

what is evidence based management t. Then discuss ways in which you think a business can use evidence based management to improve the workplace.? I want one page long answer please

What are the different ways that you can value a company and which is most appropriate...

What are the different ways that you can value a company and which is most appropriate for a energy sector

Based on the balance sheet do you think a company can find ways to decrease their...

Based on the balance sheet do you think a company can find ways to decrease their chances of any future events being affected by contingent liabilities?

Can you please list diverse ways people may become victims of identity theft? Do you think...

Can you please list diverse ways people may become victims of identity theft? Do you think companies can do more to protect their customers from?

Can you think of some ways (4 to 5) in which plants avoid temperature extremes?

can you think of a suitable framework to explain allocative efficiency and marginal productivity of capital

Can you think of any incentives that you face the encourage you to behave in ways...

Can you think of any incentives that you face the encourage you to behave in ways consistemt with sustainability?? Can you think of any that have the opposite effecfs?? How could the latter be changed??

You may need to use the appropriate technology to answer this question. Based on sales over...

You may need to use the appropriate technology to answer this question. Based on sales over a six-month period, the five top-selling compact cars are Chevy Cruze, Ford Focus, Hyundai Elantra, Honda Civic, and Toyota Corolla.† Based on total sales, the market shares for these five compact cars were Chevy Cruze 24%, Ford Focus 21%, Hyundai Elantra 20%, Honda Civic 18%, and Toyota Corolla 17%. Suppose a sample of 400 compact car sales in one city showed the following number...

Research an organization in which you would want to work based on compensation and benefits. Discuss...

Research an organization in which you would want to work based on compensation and benefits. Discuss which details of the company’s compensation and benefit package attract you to the organization. What is the level of employee satisfaction with the company?

Identify an Agricultural process and link that process in as many ways you can think of...

Identify an Agricultural process and link that process in as many ways you can think of to Economy, Energy, and Employment

Question