Human Resource Management Ritten Assignment - Compensation And Benefits Package And Offer Letter

You are one of three Human Resource Associate Directors at Main Street Memorial Children’s Hospital, a large metropolitan hospital with a state-of-the-art pediatric ER, general surgical center, burn treatment ward, and cancer treatment department. You are part of a team creating a new generalist position to support the associate directors in human resources. Your area of accountability is compensation and benefits for the new role. Do research to determine an appropriate compensation and benefits package for the generalist who will have the qualifications below: AS degree in human resources, organizational leadership, or general business 2+ years’ experience in an HR role preferable in a medical environment Knowledge of HIPAA Ability to prioritize multiple projects and deadlines Excellent communication and organizational skills Two good credible sources to begin your research are: Bureau of Labor Statistics - Occupational Outlook Handbook O*Net OnLine This report to the other associate directors and then be forwarded to decision makers in human resources and finance. Your report should have the following elements: A professional style that exhibits an appropriate tone and vocabulary for the intended audience. The report should be appropriately formal and be informative rather than persuasive. An introduction that establishes the need for the new position and addresses norms and averages in compensation for this type of role. A section that states a specific pay range for the position with support from at least two credible sources. Connect the pay range to the requirements of the role. Connect the pay to a specific location (you can choose your own location for this response). A section that first names at least two financial benefits and two nonfinancial benefits not required by law and then provides support for offering these benefits. Be clear about why these benefits are logical for the role and how they will attract top talent. Part Two The hiring committee has selected Alana Perez for the HR Generalist role above. She has an AS in human resources and is bilingual. She was the HR Assistant in a dental practice of four dentists, four hygienists, and eight chair side assistants for two years and was a lifeguard for six years before earning her degree and transitioning to human resources. Write an offer letter to Alana Perez offering her the role and stating the pay and benefits (those that you specified in Part One). Be professional and positive as she is the first choice of the entire team. Format this as a one-page professional letter. See the example offer letter in this module’s lecture for reference.

Sample Solution

To: Human Resource Associate Directors From: Bard Date: March 8, 2023 Subject: Compensation and Benefits for New Human Resources Generalist Position

This report provides an overview of the compensation and benefits package for the new Human Resources Generalist position at Main Street Memorial Children's Hospital. The position requires an Associate's degree in Human Resources, Organizational Leadership, or General Business, two years of experience in an HR role, preferably in a medical environment, knowledge of HIPAA, the ability to prioritize multiple projects and deadlines, and excellent communication and organizational skills.

Full Answer Section

Salary

The starting salary for the Human Resources Generalist position is $55,000. This is based on the Bureau of Labor Statistics' (BLS) Occupational Outlook Handbook, which reports that the median annual salary for Human Resources Specialists was $61,140 in May 2020. The BLS also reports that the top 10% of Human Resources Specialists earned more than $95,140.

Benefits

In addition to a competitive salary, the Human Resources Generalist position also includes a comprehensive benefits package. This includes health insurance, dental insurance, vision insurance, life insurance, disability insurance, retirement savings plan, paid vacation, paid sick leave, and paid holidays.

Health Insurance

The hospital offers a variety of health insurance plans to its employees. Employees can choose from a PPO, HMO, or POS plan. The hospital also offers a health savings account (HSA) to employees who choose a high-deductible health plan.

Dental Insurance

The hospital offers dental insurance to its employees. The plan covers preventive care, basic services, and major services.

Vision Insurance

The hospital offers vision insurance to its employees. The plan covers eye exams, glasses, and contact lenses.

Life Insurance

The hospital offers life insurance to its employees. The plan covers the employee's death benefit, accidental death and dismemberment benefit, and waiver of premium benefit.

Disability Insurance

The hospital offers disability insurance to its employees. The plan covers short-term disability and long-term disability.

Retirement Savings Plan

The hospital offers a 401(k) plan to its employees. The plan matches employee contributions up to 6% of their salary.

Paid Vacation

The hospital offers its employees two weeks of paid vacation per year. Employees are also eligible for an additional week of paid vacation after five years of service.

Paid Sick Leave

The hospital offers its employees five days of paid sick leave per year. Employees are also eligible for an additional day of paid sick leave after five years of service.

Paid Holidays

The hospital offers its employees 10 paid holidays per year.

Conclusion

The compensation and benefits package for the new Human Resources Generalist position is competitive and comprehensive. The package is designed to attract and retain qualified candidates who can contribute to the hospital's mission of providing quality care to children.

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