1964 words - 8 pages
Pay-for-performance (P4P) is the compensation representation that compensates healthcare contributors for accomplishing pre-authorized objectives for the delivery of quality health care assistance by economic incentives. P4P is increasingly put into practice in the healthcare structure to support quality enhancements in healthcare systems. Thus, pay-for-performance can be seen as a means of attaching financial incentives to the main objectives of clinical care. However, reimbursement is a managed care payment by a third party to a beneficiary, hospital or other health care providers for services rendered to an insured or beneficiary. This paper discusses how reimbursement can be affected by...
1079 words - 4 pages
The reauthorization of the Elementary and Secondary Education Act known as No Child Left Behind (NCLB, 2011) has made increasing student achievement and reducing inconsistencies in the dissemination of teacher qualifications a national priority (Guarino, Brown, & Wyse, 2011). Classic fixed salary schedules that consider only a teacher’s education and years of experience have been popular since the 1920’s (Koppich, 2005). This traditional system was developed to counter gender and racial discrimination that was allowed at the time by more unrestricted systems (Dee & Keys, 2004). Claims were made that the prevailing system created salary equity between elementary teachers, most...
2532 words - 10 pages
Performance-based Compensation - Pay for Performance
Corporations are looking for new ways to improve employee performance as well as remain competitive. Pay for performance is one method some businesses are utilizing to improve employee performance. Performance-based compensation exists when compensation is tied directly to that portion of an individual’s performance that can be effectively measured. There are a number of ways in which this may be accomplished and a number of examples as well how it is applied. One of the oldest examples is taken from the ancient Egyptians, where slaves working in the pyramids were given bread for superior performance. Payment of commission for sales...
1897 words - 8 pages
What are good teachers worth, and what is the best way to compensate them? Will paying teachers based on student performance increase the performance of teachers? As student test scores continue to fall, teachers are increasingly being held accountable for the performance of their students. This concern has resulted in a mounting interest and the implementation of a performance-based pay system for public school teachers. Many believe if performance-based pay works in private corporations and businesses, it should work also work for schools. Paying teachers based on student performance instead of seniority is growing in popularity, as politicians, school officials and parents desperately...
3052 words - 12 pages
Today, competition between the businesses is extremely high thus companies need to find ways to be competitive. Organizations prepare the best market strategy to increase the company performance and the ways to keep their employee motivation on the highest level to perform well within the competition. At that time, several incentive pay programs play an important role for every organization to perform well within the competition.
Creating and implementing of incentive pay system supports to solve organizational problems to align the preferences of business and employees. In addition, the system serves as an organizing tool to identify and attract the most capable employees...
1398 words - 6 pages
Before I get started with the arguments related to for and against individualized performance related pay I would outline the reason why such arise at all in any industry and why at first place managers have decided that such a method should be applied in order work to be performed more efficiently.Everything starts with the assumption that pay does not have to "chaotic" in means that every worker should be paid this what he deserves in matter of the firms interests. Examples would be given later on in the arguments posted so for now on we should accept it as a simple fact.The...
703 words - 3 pages
Fitness for Health and Performance
What is good health?
Health is defined as a state of complete physical, mental and social
well being and not merely the absence of disease or infirmity. Health
is one of the fundamental rights of every human being without
distinction of race, religion, political belief, economics or social
conditions. These things can influence how good or bad your health is:
· Use and misuse of substances such as drugs, alcohol and tobacco.
· Sex education
· Family life education
· Health-related exercise
· Personal hygiene
· Environmental aspects of health education
1165 words - 5 pages
Performance-related pay is a financial reward to staff whose work is considered above average. It is usually used for employees whose work achievements cannot assessed simply through numerical measures. Performance-related pay schemes are usually linked to the appraisal process, on which evaluation on staff performance during the year can be made. Performance-related scheme is a highly attractive system to encourage employees towards the organisation's objectives. According to the Wyatt study (1990), which measured effectiveness of performance management in 598 companies, 93% of personnel management regarded pay for performance as major priority. However, according to the same study, only...
2375 words - 10 pages
All biological lives need a supply of external energy. Most Plants are capable of photosynthesis, some bacteria employ natural sources of chemical energy. Many other organisms require different types of energy to grow. Beyond this biological need of humanity, technologically advance societies have increasingly weaken in their dependence on external energy for production of many manufactured goods. Where this technological advancement is a wonderful convenience of modern life in particular, there it allows people to live under a diverse condition of climate, in general. Increasing levels of human comforts result in increased dependence on external energy. Conversely, this increased dependence...
2940 words - 12 pages
Social Policy Essay: "Sexism in Work and Pay":The institution of work is the central institution within society. Every person, no matter their gender, needs work to survive in our economically based society. Gender in our society is intertwined with work because the institution of work creates and sustains gender, and more specifically gender inequalities. In 1977, the Canadian government passed a Canadian Human Rights Act that provided the legal foundation for employment equity/affirmative action policies (Nelson & Robinson, 2002, pp237). Essentially, this recommendation...
1097 words - 4 pages
Performance and Career Management the University of PhoenixHRM/531Performance appraisal is an important tool for managers and employees. Although appraisals can be subjective, well assembled appraisals encourage remuneration for employees based upon their merit and performance. Performance appraisals are used to improve employees' efforts by helping them to realize and use their full potential when carrying out the company's mission. They are also used to provide information for employees and managers to make decisions. Using performance appraisals facilitate legal and formal organizational justification for employment decisions to promote exceptional performers, weed out...
1384 words - 6 pages
Shakespeare's Hamlet is a complex play where many themes are intertwined - themes that are essential to the development of the play. The issue of death and disease, both physical and emotional is very prevalent throughout the duration of the play, as well as fate and divine intervention. The play also questions madness and whether it can be feigned, as well as corruption and its moral implications. Also the 'To be or not to be' soliloquy, where Hamlet not only questions life and death, but many of life's other uncertainties as well.However, the most important theme in the development of Hamlet is revenge and question 'Does revenge pay?' Revenge is a frighteningly bloodthirsty...
2494 words - 10 pages
When measuring people's performance for the purpose of selection there are a number of key issues involved. The first section of this essay will explain these issues before explaining how they can be overcome in the second section. The final part of this essay will deal with the advantages and disadvantages of using the interview method as a selection tool, before concluding the main points.Human resource selection is a...
599 words - 2 pages
The practice of yoga was first developed in India and has evolved over thousands of years. Yoga disciples use poses, or asanas, to prepare their bodies for meditation practice-much as an athlete would prepare for a sports competition. The poses also serve as a means to alter one's consciousness and mental focus in the spiritual quest for "enlightenment." In essence, yoga is designed to bring body, mind, and spirit into balance (Hollingshead 30).Through the practice of yoga, elite athletes and weekend warriors alike can benefit from this type of balance. This is especially true when athletes have pushed their bodies to the maximum, resulting in weakness or injury. Yoga can restore a...
1314 words - 5 pages
1. The Malaysian Domestic Airline IndustryIn Peninsular Malaysia, the main cities are served by an efficient network of highways and major roads. In most cities and big towns, the road network is relatively good, with the exception being the less-developed rural and interior areas. Here, possibly the only way to get around would be by river transportation. A good and reliable train service runs the length of the Peninsula and covers the West and East Coast. The rail network also links up with Singapore and Thailand. Public transportation in the cities includes buses, taxis and light railway. The domestic air network is comprehensively served by several local airlines.There...
1585 words - 6 pages
Introduction" Human Resource management is defined as a strategic and coherent approach to the management of an organizations most valued assets - the people working there who individually and collectively contribute to the achievement of its objectives."HRM is very important in today's world and it has to be adapted and embedded in every organizations strategy. It is important as much as any department in an organization and it has to play an important role within the organization. If the HRM department is just created just for the sake of having a HR department, then the organization will fail to enjoy the benefits that arise from this management concept. A HRM department has to be...
1029 words - 4 pages
Reinforcement is one of the components of behavioral theory. It is an observable and measurable behaviours but not mental in processes. All behaviors are learned through classical and operant conditioning. The student who has been repeated reinforced by the teachers for her proper behavior in class and good performance on assignments and tests shows the effect of reinforcement and the learning processes through classical and operant conditioning.Classical conditioning can be analyzed into three steps; unconditioned stimulus (UCS) first automatically elicits unconditioned responses (UCR) . Then, a neutral...
1039 words - 4 pages
Luby's was founded in 1911 in Springfield, Missouri and currently (at the time Case 22 was published in 1999) has 223 locations in 11 states throughout the Midwestern, Southern and Southwestern US. Luby's is a publicly traded company on the New York Stock Exchange with no single organization owning more than 5.7 percent of its stock. Barry Parker, who is the company's president/CEO, is dealing with a falling stock price and profit margins that have been considerably shrinking over the past few years. The following S.W.O.T. analysis...
823 words - 3 pages
Tuition reimbursement is one of the most valuable benefits a company can offer. Tuition reimbursement gives employees the ability to obtain, maintain, and improve their professional capabilities through participation in courses related to ones career at accredited colleges and universities. It also provides companies who offer tuition reimbursement an advantage when recruiting new employees.My PositionI believe that every mid-to large sized company should offer some kind of tuition reimbursement or...
1148 words - 5 pages
Policy Issues in Telehealth
The purpose of telemedicine is to remove distance as a barrier to health care. While telehealth is an accepted resource to bridge the gap between local and global health care, integrating telehealth into existing health infrastructures presents a challenge for both governments and policy makers (HRSA, 2011). Today there are policy barriers that prevent the expansion of telehealth, including reimbursement issues raised by Medicare and private payers, state licensure, and liability and privacy concerns.
Reimbursement policies prevent the total integration of telemedicine into health care practice (Prinz, 2008). Today, there is no overall...
867 words - 3 pages
Remedies for breach of contract
Contrary to what most people might think, the solution for breach of contract is not designed to punish the guilty party, instead it is to protect and preserve the rights and reasonable expectations of the party seeking reimbursement. The purpose of the contract law is that in the event of one party not fulfilling their obligation towards the other party, the party harmed will be compensated for its losses. In most cases the standard solution for breach of contract is money reimbursement, however, in some special cases the court can assign the party to perform a specific performance or injunction. With money reimbursement the court will allow the harmed...
1145 words - 5 pages
The Value of Health Care
The development of value based healthcare reimbursement systems between healthcare payers and healthcare providers is evolving from the need to provide patients with beneficial healthcare technologies under conditions of significant economic uncertainty. The concept examined centralizes on shifting the focus of the healthcare system from volume to value. Value is measured by outcomes achieved based on a full cycle of care not volume of services rendered based on each service performed.
Summary of Article
The article chosen for this assignment was published on December 23, 2010 in the New England Journal of Medicine (Porter, 2010). The author, Porter...
1360 words - 5 pages
Compensation Plan � PAGE \* Arabic �5�
Running Head: Compensation PlanCompensation PlanMilton RamosUniversity of PhoenixHRM 531 Human Capital ManagementGroup: PA10MBA02Instructor: Kristine PakMay 6, 2010Workshop 5, Assignment 5IntroductionAs part of the merger, business strategy for growth and strategic positioning we have restructured our sales team and organization staffing to accommodate the required changes for growth. To accomplish the...
826 words - 3 pages
These two words that can change your life with in as little as two for most course. But there is still a lot of issues that needs to be addressed when you are think about to continuing your education and that is what we will be discussing for the next few minutes.
The Need for Higher Standards
The effort to raise learning standards for adult literacy is linked directly to the K-12initiative. The need for higher standards for adults and parents is evident. that one of the most important influences on student test scores is the level of parental education. Other research offers compelling evidence of this important link.
· Statistical profiles of schools with...
936 words - 4 pages
Recommendation of a new Compensation ProgramI am the new Vise president of benefits for R & J Mortgage Company. I am recommending a compensation program that will hopefully retain our employees and offer those benefits that are better then other companies. It is my responsibility as compensation and benefit specialist to conduct market pay studies, these studies determine what jobs that our company should pay, what benefits and incentives are appropriate. I start with a clearly define job description; insure comparable market information, base pay, salary compensation, salary trend and total compensation. Then I will study salary survey data, make a few phone calls to external...
1620 words - 6 pages
Monetary and Non-Monetary CompensationAbode Clothing is a small business in the beginning stages of what may be one of the most successful retail stores ever. In that the company is rather small there are not many outstanding was to compensate employees other than their base pay and commission. Employee's base pay is determined by the utilization of the compilation of average salaries and market data, inflation indicators, and cost of living indicators. Employees are also paid commission for the number of sales made each day. (HR-Guide, 2000).This particular retail store is a major representation of...
1588 words - 6 pages
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.
Most view medical and dental coverage as the most important option within their benefits package....
887 words - 4 pages
Dear Mr. Jones,The purpose of this letter is to present the proposed outline terms of Mr. James Richards compensation package. "During the initial period, the Department of Veteran Affairs Vet Center shall pay Mr. Richards an annual base salary, payable semi-monthly, in equal installments, at a rate equal to eighty-five thousand one hundred and seventy-six dollars," (Sample business contracts, n.d.). The reason for offering this annual salary to provide Mr. Richards the same income level that is comparable to electrical engineers residing in the Chicago, his experience level, educational background, and his current Texas salary of forty thousand dollars. Additionally, Mr. Richards will be...
771 words - 3 pages
Running head: INCENTIVES PLAN � PAGE \* MERGEFORMAT �1�
Incentives Plan PaperUniversity of Phoenix�Incentives Plan PaperIncentives plans are crucial to an organization in obtaining their goals and objectives. Effective incentives plans can motivate employees, boost their morale, and keep the employees loyal, committed, and happy. This paper will show how effective incentives plans relate to the organization's goals and objectives and how these incentives plans may or may not help the organization reach its objectives. The organization that will be discussed is Salem Hospital.Effective Incentives...
672 words - 3 pages
IntroductionDue to shortage of qualified employees in the local labor market and increasing turnover within the Joint Automotive Corporation (JAC), the top managers of JAC will propose a comprehensive and progressive compensation and benefits plan to the Chairman, in order to increase retention in the Company. Traditionally JAC-POWER group was one of the most attractive companies to work at, and the salaries level was above the market, but due to the inefficiency of the payroll system and inadequate understanding of the
1527 words - 6 pages
A career and performance plan is necessary to encourage employee growth and development throughout their career. A career and performance plan was created for the InterClean sales staff to improve both individual and team performance. Areas developed and identified in this plan include employee feedback, how to encourage higher levels of performance, identifying promotional and educational opportunities for advancement, providing flexible opportunities, adapting to diversity, and an analysis of the budget, benefits, and costs associated to the plan.FeedbackFeedback provides information to employee's regarding their performance in relation to job expectations. The purpose of...
881 words - 4 pages
AbstractWhen we think of hospital staff, we often think of physicians, nurses, or other caregivers. These caregivers are only a part of the staff required to manage an efficient hospital. Behind the scenes there is hidden, incredibly important role in health services delivery - healthcare executive administration. Healthcare executives are responsible for providing the most basic of social services, the care of dependent people at one of the most vulnerable times in their lives. The goal of a healthcare executive is to make a positive difference in the lives of people and communities.The environment of healthcare changes rapidly and continuously. It is an environment loaded...
789 words - 3 pages
External and internal influences are relevant in health care. These influences continue to affect the total operations of a health care facility. I will summarize the insights I have gained into the external influences of the new health care reform policy and quality initiatives. The recent health care reform legislation was passed in the house and senate this year. The senior vice president, that I have interviewed, states that health care reform is an “unknown” for organizations. In addition, I will research the quality improvement initiatives and how these external influences include implications for organizations and health care administrators.
1025 words - 4 pages
The purpose of this paper is to discuss healthcare financing in America, as it relates to a case study about End Stage Renal Disease (ESRD). I will discuss the major reimbursement mechanisms for ESRD. Additionally, I will provide the organization’s point of view about the economics of providing ESRD treatment. I will share options and potential trade-offs related to cost of treatment, quality of treatment, and access to treatment. Finally, I will discuss the ethical implications of resulting treatment options based on cost evaluation.
In 1972, Medicare coverage for beneficiaries and individual under 65 years of age was spurred on by economic and political...
1170 words - 5 pages
Essay Question #3 Response:
A Total Rewards Program is a blend of monetary and non-monetary rewards offered to employees. The major dimensions of an effective Total Rewards program are compensation, benefits, work experience, culture and environment. Compensation includes an employee’s base pay, merit pay, incentives, promotion pay increases and any inflation adjustments a company may offer. Benefits are your health plans, disability income, life insurance, retirement plans, paid time off, executive benefits and any employee assistance programs. Work experience includes work-life balance incentives such as wellness programs, flex-time, employee and family assistance programs (EFAPs),...
2150 words - 9 pages
With an ongoing increase in unemployment, outsourcing, and globalization, employee salaries and benefit packages are experiencing frequent change. In past, a present, future workplace environment, compensation is a significant factor of choice in the job market for candidates seeking employment. Due to the recession in the economy, employers have been forced to become more resourceful in benefit and compensation packages offered to current and potential employees. Strategic planning has become a major facet in maintaining successful Human Resources Department of large corporations throughout the United States. In this scholarly paper, Learning Team A will provide a comparison of...
4578 words - 18 pages
CHAPTER 1: DESCRIPTION OF THE PROBLEM Section 1.1: Statement of Purpose The purpose of this research project is to investigate the lack of utilization of Upward Mobility Training and Tuition Assistance Program for the Maintenance Center (MC). The objective of this program is to train current and new managers in how to become triumphant leaders. The expected end result is the ability to operate a shop effectively and efficiently with excellent teamwork and high morale.Section 1.2: Setting of the Problem The Maintenance Center located in Yermo, California is an industrially funded...
881 words - 4 pages
Career Management Plan � PAGE \* MERGEFORMAT �4�
RUNNING HEAD: CAREER MANAGEMENT PLANCareer Management PlanUniversity of PhoenixHRM 531to: Team Employeesfrom:subject: Career management plandate: March 13, 2010cc: Jim martin, tom gonzalez, eric borden, terry garcia, susan burnt, ving hsuA career development plan is required to encourage employee...
1033 words - 4 pages
There has been a great deal of discussion lately regarding the topic of whether or not college athletes should be paid, and it is a problem that is worthy of discussion. Student athletes dedicate their lives to their schools while the schools are retaining all of the money. Even though their college education is being paid for, it is not fair. The performance of student athletes determines the amount of fan support each school receives. If games are won, fans will support, and revenue will come in. Without the athletes, college athletics would be nonexistent.
Student athletes invest numerous hours into sports. According to Steve Wieberg, Division I football players spend an average...
5508 words - 22 pages
Running Head: GENERIC BENCHMARKING: RIORDAN MANUFACTURINGGeneric Benchmarking: Riordan ManufacturingJuly 16, 2007�IntroductionPeople join organizations for specific reasons and usually with some purpose in mind. Organizations hire people to obtain important employees' contributions such as time, effort, experiences, skills, and knowledge. Managers must know how to align its company's reward and compensation system with its business strategy and put the plan into action.Riordan Manufacturing management team can use the practice of generic benchmarking to find companies with similar problems, exam their solutions and...
1429 words - 6 pages
In 2002, the Centers for Medicare and Medicaid Services (CMS) implemented a congressional mandated ambulance fee schedule that substantially changed the way Medicare pays for ambulance services (GAO reports, 2003). Through the new structure, a provider is reimbursed a flat fee, which is geographically dependant based upon regional averages. Prior to this change, Medicare paid based on what were considered reasonable charges. While the reimbursement rate has never been impressive by Medicare, roughly 0.60 per dollar, the means of doing business by ambulances services must change for their survivability....
881 words - 4 pages
Tuition Reimbursement Implementation ReportBrenna HeyneXCOM28508/09/2014Allyson WellsThis year has been very profitable for our company and since the company is looking to expand the employee benefits program I would like to suggest tuition reimbursement. As a current employee in the benefits department I feel tuition reimbursement for employees that obtain a bachelor's degree in business and communication would only help our company. There are many professional opportunities for employees within our company that would benefit from obtaining this degree and the earning potential for employees with a bachelor's degree is much higher. This company would...
1691 words - 7 pages
There is a clear business case for strategic compensation. Well managed rethinking of performance management, rewards and benefits leads to better business results, stronger capability, higher staff retention levels, heightened motivation and employee satisfaction. The success stories of organizations leading the field in strategic compensation prove that how employees are motivated, rewarded, recognized, fulfilled and challenged to perform better is a key differentiator between excellence and plain mediocrity.One of the best ways to keep employees from walking out the door is to pay a higher salary. Paying employees more in salary, however, won't necessarily align them with the...
1243 words - 5 pages
Today's health care system is continuously changing especially with all the concern with hospital reimbursement and patient satisfaction scores. These days risk management plays a critical role in the health care setting by identifying potential risks that could possibly affect reimbursement and satisfaction scores though means such as audits, incident reports, patient and family comments "good" or "bad" and patient surveys. Potential risks are analyzed and evaluated and then a plan or a program is formed to reduce the incidence and severity of accidents and injuries (Sullivan & Decker, 2009). This paper will discuss a program that the
5314 words - 21 pages
Riordan Problem Solution If I just made more money… We often hear this comment when employees are dissatisfied in their workplace. Not enough growth opportunities and insurance cost are sure to follow those remarks. Companies need to be aware of these worries before they become the reason for employee strikes or leaving for other jobs. Riordan is among the many companies facing the prospects of declining sales and unhappy employees.Companies continue to make better products that the customer will see as an added benefit to their own organization… Benefit? There is the key. Benefits are what we are looking for, insurance, vacations and education. If we are not paying...
952 words - 4 pages
Critically examining the career and professional skills that I have developed over the course of the last several years, it seems reasonable that with both my education and experience, I should be poised to enter the job market as an entry-level manger. Although I believe that I would apply for positions at the mid-level, research on these positions seems to suggest that I would need more experience before I could effective move into one of these positions. Given the education and work experience that I have however, I do feel as if I would have a competitive advantage over other candidates applying for the same position.Evaluating future skills that I may need to advance my...
1457 words - 6 pages
Benefits have most definitely changed throughout the past years. According to Compensation, during 1880 people worked approximately 14 hours every single day except on Sundays and would only receive a raise if they stayed with the company for five years and if the company prospered during that time (Gerhart, 2011, p. 414). Over the next couple of years, employees began seeing work hours change from 60-64 hours per week to 54 hours by the year 1930. Eventually, employees were able to have holidays off to enjoy with families, but they still did not receive pay for those off days, though. Today's society seems to have it made compared to those times; many companies offer education...
4481 words - 18 pages
Riordan Manufacturing is a wholly owned subsidiary of Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Riordan Manufacturing is a plastics producer with facilities in Georgia, Michigan and China. The 550 employees of the firm produce products with projected annual earnings of $46 million. These include plastic beverage containers made in Albany, Georgia; custom plastic parts made in Pontiac, Michigan; and plastic automotive fan parts in Hangzhou, China. The corporate headquarters is located in San Jose, California. Recent declining sales and profits are possible symptoms of growing...
1380 words - 6 pages
First I will start with the staffing process and recruiting employees. Recruitment is the process of attracting individuals on a timely basis, in sufficient numbers, and with appropriate qualifications, and encouraging them to apply for jobs with an organization. Finding the appropriate way of encouraging qualified candidates to apply for employment is extremely important when a company needs to hire employees (Mondy pg. 120). When recruiting it is important to look at and use both internal sources and methods along with external sources and methods. Human Resource managers must find the most appropriate...