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Compensation & Benefits
December 2023 Examination
Q1) ABC Metallurgicals Pvt Ltd is a medium scale manufacturer
engaged in producing castings (big, medium & small) for the auto industry.
It proposes to set-up a new plant in the
vicinity of Pune, Maharashtra
and their MD
has approached you
to design their Compensation structure. Explain briefly
how you would proceed from the principles. (10 marks)
Ans 1.
Introduction
Compensation design is an integral
aspect of an organization's human resource strategy, directly influencing its
ability to attract, retain, and motivate employees. For a medium-scale
manufacturer like ABC Metallurgicals Pvt Ltd, which is on the verge of expanding
its operations with a new plant in Pune, the compensation structure must
reflect both the competitive landscape of the
Q2) The M.D of a big hospital has approached you to solve the
problem of manpower attrition. It seems that good people are being recruited
but they are leaving after two or three
years which is not only hampering service to patients but is also affecting the hospital’s
reputation. He wants you to study the situation and recommend appropriate
strategies. What will your strategy be to improve the situation in the
hospital? (10 marks)
Ans 1.
Introduction
High rates of attrition, especially
within medical institutions, are more than just a challenge; they represent a
substantial threat to the quality of healthcare provided and the institution's
reputation. When the best of talent leaves after a short duration, it's
indicative of deep-rooted systemic issues, often transcending mere monetary
concerns. Attrition can be the outcome of various factors, ranging from the
workplace environment, compensation, work-life balance, professional growth
opportunities, to the organizational culture. Addressing this problem
Q3) Get-well hospitals is a reputed chain of hospitals in the
southern part of the country and recently they have decided to open a branch in
a city in Western India. As a first step they had advertised for the position of “Staff Nurses”
with nursing qualification and adequate
experience. From the numerous applicants
they selected fifteen
ladies from diverse background,
w.r.t age, qualification, experience, attitude, physical fitness & communication
skill.
Q3a) The “Administrator” of that hospital wants you to design
an appropriate scheme so that they can rank these ladies (from best to last)
and give them the compensation befitting their worth to the orgn. Discuss the
“scheme” that you would design to assess these ladies. Their requisite Job
Description & Job Specification is given below. (5 marks)
Ans 3a.
Introduction
Determining
compensation for employees based on their value to the organization demands a
strategic approach, particularly in the sensitive and critical domain of
healthcare. Given the diversity in the profiles of the fifteen staff nurses in
terms of age, qualification, experience, attitude, physical fitness, and
communication skills, it's essential to establish a scheme that
Q3b) You are requested to suggest how the selected persons
can be compensated. (5 marks)
Job Description
i) Monitor and
record vital health
parameters of indoor
patients & communicate
to attending doctor in case of any abnormalities
ii) Provide proper medication to individual patients as per
doctor’s advice
iii) Accompanying Resident Doctor/Specialist on rounds and
act on their advice
iv) Maintain patient hygiene as well as in the hospital ward
by directing cleaning staff
v) Maintain liaison with Dietician regarding food for
individual patients
vi) Maintain liaison with Lab for doctor prescribed tests and
place report to doctor
vii) Be kind to patients, especially while dealing with
elderly ones
viii)Be always cautious to identify any life-threatening
deterioration in patient’s health
Job Qualification
i) Must have
appropriate “Nursing” qualifications &
at least seven
years of ward experience out of which three years
should be in a big hospital.
ii) Must be physically fit & quite agile to give
effective care to each patient
iii) Must be able to communicate in local language, English
and preferably Hindi
iv) Must have good knowledge about what emergency medicine to
use in which situation.
v) Should be having good behaviour & capable of providing
emotional support
vi) Should be having technical competence to computerize all
medical records
vii) Should be able to handle specialised medical equipment
like ventilator, PAP
Ans 3b.
Introduction
Staff nurses
are pivotal to the seamless functioning of a hospital, playing a role that is
both clinically essential and emotionally supportive for patients. Given the
diverse background of the nurses selected by Get-well hospitals, a
comprehensive compensation package should reflect not just their educational
qualifications and experience, but also their multi-faceted
Dear students, get fully solved assignments by professionals
Do send your query at :
or call us at : 08263069601
(Plagiarism
proofed assignments available with 100% surety and refund)
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