How can you reward each level of positions working in a hospital: 1. Top Adminis

Question

How can you reward each level of positions working in a hospital: 1. Top Administrative Managemnt 2. Professionanls (Doctors) 3. Nurses 4. Cleaners State the reason you choose the method and the advantages and disadvantages according tho the figure provided. Chapter 3 Rewarding Teamwo EXHIBIT 3-2 Team-Based Pay Advantages/Applications Disadvantages Incentive pay A team of employees Can combine a focus on Employees averse receives money individual and team to thinking of selves as team members Team can be given opportunity to allocate against predetermined targets Risky if base pay is reduced Guided by upper management and corporate initiative One-time award for a limited number of employees or groups for performing well beyond expectations or for completing a project, nexpensively without d at the local they won't be recognized for own contributions Introduced easily . Risky if base pay Carry less front- s Comparatively simple end motivation Profit sharing A share of corporate Serves communication purpose by signaling that rewards are in balance across the May be too far ted removed from workers control to affect in cash on a current basis to all employees (driven by financial shurin Informs and educates employees about financial well-being oh mohua May be too far removed from workers' control to . Geared toward Apercentege of the value of increased productivity is given to workers under a prearranged formula driven by Gainsharing Add-on to compensation, affect performance so easily accepted by e.g., qualit uctivi

Explanation / Answer

Top administrative management-profit sharing as top management expect corporate profits in return of their investment.

Professionals (Doctors)-Gain sharing as they provide productivity

Nurses-Recognition as it will provide them motivation to do well.

Cleaners-Incentive pay as they are the lowest level and work for wages.

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