Select one healthcare organization of interest to you and research the compensation package in the organization.
On the basis of your research and findings your paper should address the following:
Do a cost-benefit analysis of the selected healthcare organization. Explain your analysis of the cost-benefit ratio and how it helps an organization.
Explain the impact of the cost-benefit ratio on recruitment and retention strategies of a healthcare organization.
Outline ways to improve the cost-benefit ratio of the selected healthcare organization.
Explain the role of HRM in ensuring the most competitive compensation package for employees.
Describe methods of improving the compensation package of the selected healthcare organization. Explain how your recommendations could enhance recruitment and retention strategies of the organization.
Discuss how you would address competitive compensation, benefits packages, career development, and succession planning in working towards the selected healthcare organization’s strategic goals.
In the changed system, distributors would pay 50 per cent of the film-making cost leaving it to the producer to get the rest from other sources. The ‘other’ sources are: conventional moneylenders (who lend at an interest rate of 36-40 per cent annually); non-conventional but corporate resources, promissory note system (locally called ‘hundi’ system): this is the most widely prevalent source, and underworld money: about 5 per cent of the movies are suspected to be financed by these sources. Film production thus became a risky business and the relationship with usurious money-lenders strengthened over the years. As at the start of 2001, a reasonable budget film in Hindi could cost US$1.75 million. A low budget Hindi film can be made for even as low as Rs. 15 million. A big budget Hindi movie can cost in excess of US$30 million. The ‘bigness’ of the budget is attributable mainly to the high fees paid to ‘stars’, celebrated music directors, high-end technologies and expensive travel costs to shoot in exotic locations worldwide. At the time of writing, it is believed that ‘stars’ like Shah Rukh Khan and Salman Khan are paid Rs. 20 million (US$440,000) per film.In contrast, script writers and film editors remain poorly paid. In an interview, India’s so-called ‘superstar’ Amitabh Bachchan (whose wax statue stands at Madam Tussaud’s in London) attributed the lack of strong storylines to the poor money paid to writers. India has a National Film Development Corporation (NFDC) which finances some films. A few film makers, who would find it hard to obtain finance from the regular sources, have been financed by the NFDC. However, NFDC cannot be considered to play a central role in the film industry because it finances too few films which, too, are not of the type that has made the Indian film industry so vibrant. It however goes to the NFDC’s credit that, without it, some of India’s best film makers wouldn’t have got a break in the industry. Another shortcoming with the NFDC is that it funds films only at the production stage while ignoring the just-as-important marketing stage. The film industry is currently losing unestimated v>GET ANSWER