Research how to create a total rewards package, including salary, benefits, incentive versus merit pay, bonuses, non-financial incentives, health insurances, stock options, and profit sharing
Compensation and benefit packages are important tools for attracting, hiring, and retaining employees. The human resources department of larger organizations may set up the benefits package for all employees. As a nurse manager you may be involved in deciding on the types of benefits — the total rewards package — the business or organization will provide the employees. Research how to create a total rewards package, including salary, benefits, incentive versus merit pay, bonuses, non-financial incentives, health insurances, stock options, and profit sharing. Develop a 1,050-word proposal, recommending a total rewards package for an organization. Include an introduction, the package with the rationales for the requests, and a conclusion that opens the discussion for negotiation. Submit your proposal.
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